VIO Target
Overview
VIO is NuLegacy’s second discovery of newly identified gold mineralization made in 2017. Interestingly, VIO appears to be an entirely different type of gold system. The discovery is located directly adjacent to the western margin of the Northern Nevada Rift, a Miocene aged volcanic feature related to the formation of numerous high-grade Au-Ag deposits including the Midas, Hollister, Mule Canyon, Fire Creek, and Buckhorn mines. The discovery at VIO confirms the potential of both Carlin-type and low-sulfidation epithermal type mineralization at the Red Hill property. While this discovery is remarkable, it is not unexpected: the Red Hill property lays at the convergence of the Cortez Trend and the Northern Nevada Rift, two of Nevada’s richest gold trends. The discovery at VIO indicates that the Red Hill property not only hosts Carlin-style mineralization but also has the potential to host high-grade volcanic hosted gold and silver mineralization.
