NuLegacy Engages David W. Mallo BSc, as Exploration Manager
- Provides summer exploration program update -
To our Friends, Family and NuLegacy Shareholders/Stakeholders,
I'm emailing to provide you with the link to the just issued news release on the appointment of Mr. David W. Mallo as NuLegacy's Exploration Manager, Nevada - please view NR here.
We are excited that David has joined our exploration team as he has an enviable record of having led or contributed to half dozen or so significant mineral discoveries, principally gold. Discovery geology/exploration is an art as much as a science and is distinctly different from delineation or mine expansion geology/exploration.
Some of you may be too young to remember the excitement of the original Eskay Creek Mine discovery that was financed by the redoubtable promoter Murray Pezim, with the exploration team headed up by Chet Idziszek and managed by a much younger David Mallo.
In 1988 a diamond drilling exploration program by Pezim's Prime Resources yielded gold when Hole 109, the high grade discovery hole, returned assays containing 5+ ounces of gold per ton. The Eskay Creek discovery set off a bidding war between Placer Dome and Hemlo Gold as the deposit evolved into one of the richest gold and silver mines in the world -- with grades as high as 60 ounces of gold and 1,500 ounces of silver per ton. A mill and camp were later set up and the mine entered into production as the second lowest cost gold mine in Canada. Eventually it was bought by Barrick Gold Corporation - view historical review here.
Thank you and all the best,
Albert J. Matter | Chairman, Director
NuLegacy Gold Corporation (NUG:V)