Assays Reported For Last Three Holes At the Rift Target

RENO, NV - NuLegacy Gold Corporation reported the assays for the last three of the nine holes completed during its 2021 diamond drilling campaign. The widely spaced drilling was focused on the northwest quadrant of the ~ 10 sq. km Rift Anticline target, part of NuLegacy’s 108 sq. km flagship Red Hill exploration property in Nevada’s Cortez gold-trend. 

Summary assays for RA21-04C, -05C and -10C with intervals of anomalous gold values (cut-off at 0.10 grams gold/t) are reported as: RA21-04C (azimuth 070°, inclination -78°) reported several intervals grading 0.10 to 0.29 grams of gold/tonne; RA21-05C (azimuth 252°, inclination -69°) reported several intervals between 0.10 to 0.79 grams of gold/tonne; and RA21-10C (azimuth 066°, inclination -57°) reported only one interval above the cut-off value.

Charles Weakly, Exploration Manager, said, “The general level of gold, anomalous geochemistry, alteration, and structural brecciation of the Central Rift drill holes to date is consistent with drilling proximal to known Carlin-type gold deposits. Numerous intervals of low-grade gold assays indicate there were significant flows of gold bearing fluids through the ~10 sq. km of the Rift Anticline, with a few intervals of elevated gold grades encountered so far: RA21-06C (azimuth 249°, inclination -71°): from 605.0 to 609.3 (4.3) meters averaging 7.66 grams of gold/tonne, with a high of 19.60 grams of gold/tonne (true width unknown); To date, only 15 widely spaced holes have been completed into the ~ 10 sq. km Rift Anticline target area, with a significant portion of the zone remaining unexplored; Numerous anomalous gold values have been encountered in the Wenban, Roberts Mountains and Hanson Creek formations, all of which are host to multiple large gold deposits in the region; and Thick sections of these prospective hosts rocks were encountered in the 2021 drill holes, all of which contain hydrothermally altered (silicified-sulphidized and/or decalcified /decarbonized) strata with anomalous gold and/or trace element suites associated with Carlin-type deposits.