NuLegacy Gold Corp. reports on the winter 2019 exploration program on its flagship 108 sq. km Red Hill gold property in the Cortez gold trend of Nevada. The winter program consisted of five core holes totalling 2,230 meters on both flanks of the Rift Anticline target and a CSAMT survey over the Rift Anticline. Four holes were drilled on the eastern flank of the Rift Anticline, including two at Western Slope and two at the [...]
NuLegacy Gold Corp. is pleased to report that Mr. Mark Bradley, a Senior Project/Chief Geologist for Barrick Gold Corporation supervising major exploration teams and a Principal Geologist assessing new North American exploration opportunities, has joined NuLegacy Gold as Nevada Exploration Manager. Mark was the Cortez Project team leader during the discovery and definition of Barrick Gold’s multi-million-ounce [...]
NuLegacy Gold Corp. is pleased to report the commencement of its Fall 2019-Spring 2020 exploration program. The Fall 2019-Spring 2020 exploration program is budgeted at US$3.5 million with a total of 17 deep core holes measuring ~7,000 meters targeting five different zones, and a substantial expansion of the AV Plan of Operations. Drilling: The Fall 2019 program is budgeted at ~US$0.75 to 1.0 million anticipating five to [...]
The Company announces that it has granted an incentive stock option to an executive officer to purchase up to 1,000,000 common shares at a price of $0.10 per share exercisable for a period of five years. The option is subject to vesting in 4 equal semi-annual instalments over a period of 24 months with the first instalment vesting six months from the date of grant. About NuLegacy Gold Corporation: NuLegacy is a Nevada [...]
NuLegacy Gold Corp. is pleased to announce it has closed the fully marketed private placement financing announced on September 17, 2019 . The Company has completed the maximum Offering of 100,000,000 units of the Company at a price of $0.075 per unit for aggregate gross proceeds of $7,500,000. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant entitles [...]
NuLegacy Gold Corporation announces that it has entered into an agreement with Cormark Securities Inc. as lead agent and including Canaccord Genuity Corp. , pursuant to which they have agreed to act as agents in connection with a fully marketed private placement offering of units of the Company at a price of $0.075 per Unit for aggregate gross proceeds to the Company of a minimum of $4.0 million and a maximum of $7.5 [...]
The Company announces that it has granted incentive stock options to certain directors, officers, employees and consultants to purchase up to an aggregate of 5,600,000 common shares at a price of $0.10 per share exercisable for a period of five years. Certain of these options are being granted to directors and officers in lieu of fees or other cash consideration. The options are subject to vesting in 4 equal semi-annual [...]
At the request of IIROC, NuLegacy Gold Corp. wishes to confirm that the Company’s management is unaware of the reason for the recent increase in market activity. As reported in the Company’s news release of June 3, 2019, the Company continues to focus on negotiating with potential joint venture or merger partners who have expressed interest in the Red Hill property. To date, the Company has not entered into [...]
NuLegacy Gold Corp. announces that effective immediately it has suspended all field exploration on its Red Hill property in the Carlin gold-trend of Nevada. NuLegacy Gold Corp.’s board of directors has determined it is in the best long-term interests of the Company to suspend field exploration until improved markets for gold and junior gold stocks present better financing opportunities, or a joint venture or merger [...]
NuLegacy Gold is pleased to announce the following changes to its leadership team: Mr. Alex Davidson is appointed as Chairman of the Board. Alex is a former Executive VP of Barrick Gold. Mr. Albert Matter resumes his founding role as CEO of the Company. Mr. James Anderson is retiring as CEO of NuLegacy Gold to pursue a new career as Chairman, President and Chief Executive Officer of Vangold Mining Corp.; he will continue [...]
NuLegacy Gold Corp. has completed the private placement of 350,000 common shares at C$0.15 per share announced February 11, 2019 with a lessor to cover certain of the Company’s office lease payments for 2019. The common shares are subject to a 4 month hold period expiring July 2, 2019. About NuLegacy Gold Corporation: NuLegacy is a Nevada exploration company focused on discovering additional Carlin-style gold [...]
Nevada's target rich gold-trends Map of Serena-North zone CSAMT Cross-Section looking north. Rift Anticline zone West VIO zone NuLegacy Gold Corp. provides a review of its 2018 exploration program, including the results of the widely spaced exploration holes of its fall/winter drilling program on the company’s 100% owned, 108 sq. km Red Hill property located in the Cortez gold trend of north central Nevada [...]
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