NuLegacy Gold Corp. reports that at its annual general meeting held on November 28, 2018, a total of 155.1 million common shares or 50.6% of the Company’s issued and outstanding shares were represented. Shareholders voted in favor of the items of business before the meeting, being the appointment of the company’s Auditors and the election of the following directors for the ensuing year: Albert Matter, James [...]
NuLegacy Gold Corp. is pleased to report that it has received final approvals from the Bureau of Land Management of both its ‘Avocado’ Plan of Operations permit as well as its ‘Foothills’ Notice of Intent permit. With these permits approved the current 10-hole exploration program should be completed without delay and the planning of the 2019 exploration drilling program can commence once the assays [...]
~ Drilling major step-outs ~ NuLegacy Gold Corp. reports there are two rigs – a core rig and a reverse circulation rig - drilling on its Red Hill property. A third, deep RC drill will be added later in November to drill deeper targets to recover from permitting and drill rig availability delays and complete the 10-hole fall exploration program before the winter shut down. The ten-hole fall drilling program includes [...]
Acquires Strategic Claims West of VIO Targets NuLegacy's entire land package increased to 108 sq kms NuLegacy Gold Corp. reports that it has acquired by staking 64 mining claims adjacent and to the west of its Red Hill property in the famed Cortez gold trend of Nevada. “It is not often that a prospective property located on one of the major mineralized trends in Nevada becomes available for claim staking&rdquo [...]
NuLegacy Gold Corp. reports that Mr. Ed Cope, currently a director of NuLegacy Gold, will join NuLegacy’s management to both oversee exploration efforts and be responsible for property evaluation and acquisition. Since becoming a NuLegacy Director in January of 2017, Mr. Cope has guided the expansion and development of NuLegacy’s exploration team selecting personnel based on his impressive 30+ years record of [...]
NuLegacy Gold Corp. reports the results of drill holes from its summer exploration program on the company’s 100% owned, 38 sq. mile, Red Hill property located in the Cortez gold trend of north central Nevada. Serena Zone: Drill hole SR18-02C, a -70º angle core hole drilled as a 100-meter step-out to the west of the currently defined Serena zone, encountered 8.7 meters of 16.92 grams/ton gold within a broader [...]
NuLegacy Gold Corp. reports that it has completed the second and final tranche of 3,978,908 Units of the non-brokered private placement announced July 5 and 10, 2018 at a price of $0.20 per Unit for gross proceeds of $795,781. Combined with the first closing on July 19, 2018, the Company has sold a total of 12,688,708 Units at a price of $0.20 per Unit for aggregate gross proceeds of $2,537,741. [...]
~ Geophysics defines new drill targets ~ Nevada Trend and Rift VIO Targeting RENO, Nev., Aug. 01, 2018 -- NuLegacy Gold Corp. reports the results of a just completed Induced Polarization gradient-array survey over the VIO discovery target on NuLegacy’s 100% controlled 38 sq. mile Cortez gold-trend Red Hill property in Nevada. NuLegacy director, Ed Cope, comments, “With the Red Hill property at the juncture of [...]
Nev., July 19, 2018 -- NuLegacy Gold Corp. reports that it has completed an initial closing of its non-brokered private placement announced July 5 and 10, 2018 of 8.5 million units of the 15 million offered at a price of $0.20 per Unit for gross proceeds of $1.7 million. Of the initial closing, directors and officers of the Company have purchased a total of 3.4 million Units for an aggregate purchase price of $0.68 [...]
Further to its news release of July 5, 2018, NuLegacy Gold announces that certain directors and officers of the Company have arranged the sale through the facilities of the TSX Venture Exchange of a total of 2.5 million common shares of the Company from their personal holdings at a price of $0.20 per share. The proceeds from the sale of shares will be used to purchase 2.5 million units of the Company’s non-brokered [...]
Nev., July 05, 2018 -- NuLegacy Gold Corp. is undertaking a non-brokered private placement financing up to 15 million units at a price of $0.20 per Unit to raise C$3.0 million . “We are delighted to have our major shareholder, OceanaGold, support NuLegacy’s exploration objectives in this funding,” comments Albert Matter, NuLegacy’s Chairman. “We have sufficient funds to complete our 2018 [...]
RENO, Nev., June 27, 2018 -- NuLegacy Gold Corp. is pleased to report the assay results of the first hole of its seven-hole 10,000 ft. Phase-1 2018 drilling program. SR18-01C , a PC-CT1 hole, was drilled as a substantial 112-meter step-out to the north-west of 2017’s successful SR17-08C . SR18-01C returned assays of: 3.27 grams/ton gold over 15.2 meters , within 1.47 grams/ton gold over 51.1 meters . “We are [...]