Reno, NV - NuLegacy Gold Corporation reports that it has completed drilling two holes on the East Pediment portion of its Red Hill Prospect as part of an on-going 10,500 meter (~ 20 hole) drilling program.
The samples from the two holes, RH11-001 and 002 which were drilled to 460 meters and 300 meters respectively have been shipped to American Assay Labs, Sparks, NV for analyses. The two holes were targeted in the Eastern Pediment to test the anomalous gold in soil geochemistry in an area where several short (less than 125 meters) historic drill holes indicated that gold mineralization may be present. The drill samples from these holes are currently being logged and the results will be reported along with the metal analyses when received.
NuLegacy's 45 square mile Red Hill Prospect straddles the Cortez Segment of the Battle Mountain-Eureka Gold Trend. The Cortez Segment is a three plus mile wide and 25+ mile long west-northwest alignment of large bulk-mineable, sediment-hosted gold deposits. It includes the Pipeline Complex (which NuLegacy's COO Roger Steininger is credited with discovering in 1989), the Cortez and the Cortez Hills gold mines as well as the current ET Blue-Lower Horse Canyon gold discovery.
These gold deposits, which are all owned by Barrick Gold Corp, have collective gold reserves of 40+ million ounces and have produced in excess of 10 million ounces of gold to date. The Red Hill Prospect, with geology similar to that of these en echelon gold deposits, is respectively 21, 15 and seven miles southeast of the Pipeline, Cortez Hills and ET Blue-Lower Horse Canyon discovery.
NuLegacy Gold Corporation is a Nevada based exploration company focused on the discovery of Carlin-type replacement gold deposits on its two highly prospective district scale properties, the 45 square mile Red Hill Prospect and the 35 square mile Wood Hills South Prospect. The exploration and drilling programs underway employ sophisticated techniques for targeting multi-million ounce deposits.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
Albert J. Matter, Chief Executive Officer
For further information please phone 604-638-4959 or contact Albert Matter at email@example.com or Roger Steininger, COO at firstname.lastname@example.org; or visit our website at www.NuLegacygold.com
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