May 14, 2013 - Reno, NV. NuLegacy Gold Corporation has commenced a reverse circulation drilling program on its flagship Red Hill Project.
The $250,000 program is designed to expand the company's Iceberg gold deposit. It is planned in two phases of 5 to 6 holes each, to allow for receipt and interpretation of the assays from the first set of holes to guide the selection of sites for the second set.
The drilling is intended to provide a preliminary assessment of how far north and south the Iceberg gold deposit extends, as well as testing a possible parallel system to the east. An initial test of the deeper Avocado IP (Induced Polarization) geophysical anomaly (a very large and likely carbonaceous/pyritic anomaly that may contain gold mineralization) at the northern extension of the Iceberg is planned for the fall.
Field work will continue to develop additional drill targets in the adjacent Jasperiod Basin (1800 meters north-east of Iceberg) and at the western end of the project in the VIO zone (4000 meters west of Iceberg) where rock chip sampling and mapping has defined another area of intensely altered carbonates that contain anomalous gold.
NuLegacy Gold, a Nevada based exploration company, is entirely focused on delineating an oxide gold resource in its near-surface "Iceberg" deposit. The Iceberg deposit is located on NuLegacy's Red Hill Project, an 'option to joint-venture' with Barrick Gold Inc., in the prolific Cortez gold-trend of Nevada. The Iceberg gold deposit has similar geology to Barrick Gold's adjacent multi-million ounce Goldrush discovery.
Reverse circulation drilling is being conducted by Boart Longyear of Elko, Nevada NV under the direction and supervision of NuLegacy Gold's COO, Dr. Roger Steininger (CPG 7417). All of the drill hole samples will be analyzed by American Assay Labs. of Sparks, NV.
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 email@example.com or Albert Matter at firstname.lastname@example.org or Roger Steininger, COO at email@example.com; or visit our website at www.nulegacygold.com
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