Permitting-Exploration Progress At Red Hill Property

RENO, NV - NuLegacy Gold Corporation reported on the permitting and exploration progress on its flagship 108 sq. km Red Hill property located in Nevada’s Cortez trend.

In June of this year NuLegacy successfully acquired 44 pre-approved Greater Sage-Grouse conservation credits in order to fully satisfy NuLegacy’s compensatory mitigation obligations for its US$500,000 modified Plan of Operations (POP) over the Red Hill project.

CEO, Albert Matter, said, “We are pleased to be the first exploration company to work with the State’s Sagebrush Ecosystem Program to purchase credits from the Nevada Conservation Credit System.  This transaction demonstrates our commitment to conserving Nevada’s wildlife.”

Permitting for NuLegacy’s modified POP at Red Hill is on schedule with the submission of the new environmental baseline studies to the Bureau of Land Management (BLM). Pending BLM’s approval, NuLegacy plans to drill three to five deep holes in the most developed targets this fall (with a mid-October 2020 start) before winter shut down, with the balance of the initial 16 hole US$3.5 million program scheduled to start up in the spring of 2021.

The company has completed its preliminary structural model for the Rift Anticline targeting utilizing the results of recent drill holes, and the data from the numerous CSAMT (Controlled Source Audio-frequency Magnetotellurics) and gravity surveys focusing on known mineralized controlling structures (i.e. Long Fault).  

NuLegacy has identified three high-priority targets in the northern half of the Rift Anticline and three additional targets extending to the south along the anticline trend covering approximately 4.5 km (and open on both ends) with an indicated width varying from 700 to 1,450 meters. Detailed drill plans are being developed for the initial 16 deep hole drill program (US$ 3.5 million) to comprehensively test the targets, commencing with the more developed northern targets.

Mark Bradley, NuLegacy’s Vice-President, Exploration comments, “The new structural model for the Rift Anticline is a powerful exploration tool, allowing us to prioritize our initial drilling efforts within the large (5-6 sq. km) Rift Anticline target area and optimize the chances for early discovery.”