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Company

NuLegacy Gold Corp

CVE:NUG

NuLegacy Gold is exploring for high-grade Carlin-style gold deposits on its superbly located 108 sq. km (42 sq. mile) district scale Red Hill property. Red Hill is on trend/adjacent i  to three of Nevada Gold Mines’ most profitable multi-million ounce Carlin-type gold mines; the Pipeline, Cortez and Goldrush ii  with their massive 50+ million ounces gold endowment. These are three of the thirty largest, lowest cost, highest grade, and politically safest gold mines, producing circa 3% of the worlds’ gold. Each of NuLegacy’s seven principals/exploration team-members has contributed to the discovery/expansion of one or more of Nevada’s seven massive Carlin-style gold deposits! i The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill Property. ii Currently structured as an underground mine Goldrush contains P&P: 7.8 M oz @ 7.29 g/t; M&I: 8.5 M oz @ 7.07 g/t (inclusive of P&P); and Inferred: 4.5 M oz @ 6.0 g/t (as of December 31, 2021). Source: Corporate presentation of Nevada Gold Mines – Goldrush Underground dated September 22, 2022.

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Mining

NuLegacy Gold raises C$3mln

Having received a cash injection at 14 cents a share as recently as April, the company has got its latest issue away at 30 cents a unit

By Proactive