Corporate Advisor
October 17, 2013: Reno, NV -- NuLegacy Gold Corporation is pleased to announce the enrollment of Mr. Alex Davidson as Corporate Advisor to NuLegacy.
Mr. Davidson is a recognized leader in designing, implementing and managing highly successful and strategic gold and base metal exploration and acquisition programs throughout the world.
Until 2009 he was the Executive Vice-President of Exploration and Corporate Development of Barrick Gold Corporation with responsibility for all its international exploration programs and corporate development activities. During his tenure he was instrumental in the acquisition of the Cortez gold complex in Nevada (from Placer Dome Inc.), and the discovery of the Lagunas Norte deposit in Peru, two of Barrick's five key mines.
In 2003, Mr. Davidson was named the Prospector of the Year by the Prospectors and Developers Association of Canada in recognition for his team's discovery of the Lagunas Norte mine in the Alto Chicama District, Peru.
In 2005 Mr. Davidson was presented that year's A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum in recognition of his exceptional achievements and distinguished contributions to mining exploration in Canada and around the world. He received his B.Sc. and his M.Sc. in Economic Geology from McGill University.
"We are fortunate to have Mr. Davidson's influence and expertise to assist us in capitalizing on the value of NuLegacy's highly prospective Iceberg gold deposit", says James Anderson, NuLegacy's CEO. "With Mr. Davidson's participation we expect to be able to accelerate the delineation of the Iceberg gold deposit and the exploration of the three additional highly prospective targets we have identified".
The 60 sq. km property which hosts the Iceberg gold discovery is in the heart of the Cortez trend directly adjacent to Barrick Gold's multi-million ounce Goldrush discovery. It is on strike with the three Carlin-type gold depositsi that comprise Barrick's Cortez mining complex which are amongst the largest and lowest cost gold deposits in the world. With a combined gold endowment in excess of 50 million ounces the Cortez produces approximately 1.5 million ounces per year for Barrick at a remarkable low AISC (all inclusive sustaining cost) of $376/ounce (versus firm average of $919/ounce).
NuLegacy Gold Corporation is a Nevada based exploration company focused on delineating the near-surface Carlin-type Iceberg oxide gold deposit on its 60 square km Red Hill optioned from Barrick Gold. The Iceberg deposit has geology similar to that of Barrick Gold's on-going multi-million ounce Goldrush gold discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
James E Anderson, Chief Executive Officer
For further information please phone 604-638-4959 or contact James Anderson at james@nuggold.com or Albert Matter at albert@nuggold.com or Roger Steininger, COO at roger@nuggold.com; or visit our website at www.nulegacygold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
iThey are the Pipeline, Cortez Hills and Goldrush deposits. The largest of these, the 21+ million ounce Pipeline mine, was discovered by NuLegacy's COO, Dr. Roger Steininger in 1989 on behalf of Royal Gold while the property was optioned from Placer Dome Ltd.
