Tillkännagivande • Aug 19
NuLegacy Gold Corporation, Annual General Meeting, Oct 07, 2024 NuLegacy Gold Corporation, Annual General Meeting, Oct 07, 2024. Location: british columbia, vancouver Canada Tillkännagivande • Aug 16
NuLegacy Gold Corporation announced that it expects to receive CAD 1 million in funding from Crescat Capital LLC and other investors NuLegacy Gold Corporation announced a private placement of 100,000,000 units at a price of CAD 0.01 per Unit for gross proceeds of CAD1,000,000 on August 15, 2024. The transaction includes participation from lead investor, Crescat Capital. Each Unit consists of one common share of the Company and one transferable warrant to purchase an additional Common Share for a period of five years at a nominal exercise price of CAD 0.05 per share. The directors and advisors have provided a minimum lead commitment of CAD 550,000 to purchase 55,000,000 Units of the total 100,000,000 Unit Offering. Pursuant to the Lead Commitment, insiders of the Company have committed to subscribe for a minimum of 55,000,000 Units of the Offering. Tillkännagivande • Jan 06
NuLegacy Gold Corporation Announces Executive Changes NuLegacy Gold Corporation announced a change in Corporate Secretary. Mr. Gregory Chu, who has acted as NuLegacy’s Corporate Secretary since its inception, has recently retired from law practice. The Company would like to thank him for his many years of exceptional service as NuLegacy’s legal counsel and Corporate Secretary. Mr. Xavier Wenzel, CPA, CA, NuLegacy’s Chief Financial Officer, will assume the position of Corporate Secretary. Tillkännagivande • Dec 19
NuLegacy Gold Corporation Reports Results for 1st Hole of 2023 Drilling Program NuLegacy Gold Corporation reported that the geology intersected in MR23-01 is relatively close to that predicted. The Migo fault is located as projected, and it intersected 56.4 meters (185 feet) of Devonian Wenban5 formation thickness starting in the hanging wall within the targeted fault corridor. The anticipated Cretaceous diorite and metamorphic alteration was intercepted within the Wenban5 target zone with only anomalous gold mineralization at the approximate center of the Cretaceous diorite & metamorphic alteration. Assay results from MR23-01 (azimuth 60deg, inclination 50deg) reported several intervals of anomalous gold values (cut-off at 0.10 grams gold/t) the most significant of which is 0.013 to 0.677 grams of gold/tonne at a depth of 1570 to 1645 feet that averages 0.091 grams of gold/tonne. The geology intersected directly under the volcanics was lower in the section, suggesting bedding dips are deeper than anticipated between the Iceberg Corridor and the Mid-Rift target, possibly indicating a local anticline that could enhance the target. The company have requested the assay lab expedite/rush assay for the second completed hole (IS23-01) of the 5-hole Midrift program, as company will need to assess it before committing to drilling more of the program's holes in this length and as yet largely untested target zone. Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company's project geologist and the chain of custody from the project to the independent sample preparation facility, American Assay Labs in Sparks, NV, was continuously monitored. Establishing a paying royalty portfolio to, at a minimum, cover the annual ongoing cost (~ USD425,000) of maintaining NuLegacy's ownership/control of the prized Red Hill property. And, mindful that the company have, in the opinion, the best Carlin-exploration team, Promoting the Red Hill to companies with the requisite engineering, construction, and production management to develop any future discovery at Red Hill. Engaging with neighbouring landowners to review potential synergies/opp opportunities. Tillkännagivande • Dec 07
NuLegacy Gold Corporation Completes Second Hole of Five Hole Program NuLegacy Gold Corporation announced that it has completed the first two reverse circulation drill holes [Mid-rift (MR2023-01) and Iceberg South (IS23-02)] of its five-hole fall 2023/winter 2024 drilling program with the sample chips shipped to the assay lab for prep and assaying. The assay results for MR23-01 (drilled Nov. 11th to Nov. 21st) are expected in mid-December, and results for IS23-02 (drilled Nov. 22nd to Dec. 6th) with the intervening Christmas break are expected in late January 2024. Weather conditions in Nevada have made drilling conditions hazardous and more expensive. As a result, company has agreed with the drilling contractor for an early Christmas break for equipment repairs and maintenance with a resumption in the New Year when the frost has gone deep enough to freeze the roads solid. Tillkännagivande • Dec 05
NuLegacy Gold Corporation announced that it has received CAD 0.366 million in funding On December 4, 2023, NuLegacy Gold Corporation closed the transaction. The transaction included participation from 7 investors. The company paid finder;s fees of CAD 7000 and 280,000 warrants entitling the holder to purchase one common share of Issuer per warrant at CAD 0.05 for a period of 5 years. Tillkännagivande • Nov 29
NuLegacy Gold Corporation announced that it has received CAD 1.193038 million in funding from Crescat Portfolio Management LLC On November 27, 2023, NuLegacy Gold Corporation closed the transaction. The company issued 7,057,500 Units at an issue price of CAD 0.025 per unit for gross proceeds of CAD 176,438 in the third and final tranche. The company has raised 47,721,500 Units at an issue price of CAD 0.025 per unit for aggregate gross proceeds of CAD 1,193,038. Finder’s fees totaling CAD 9,275 cash and 371,000 non-transferable share purchase warrants to purchase up to 371,000 common shares at a price of CAD 0.05 per share for a period, subject to acceleration, of five years were paid to certain registered dealers in connection with the third closing. All securities issued under the third closing are subject to a four month hold period expiring March 28, 2024. Tillkännagivande • Nov 15
NuLegacy Gold Corporation Commences Winter Drilling Program NuLegacy reported that drilling has commenced on its 108 sq km Red Hill property in the Cortez section of the prolific Battle Mtn-Eureka-Cortez gold trend of Nevada. Drilling commenced on hole M23-01, the first of the planned five-hole winter 2023/4 drilling program, with a truck-mounted Ingersoll Rand RD-10 RC drill capable of drilling to 3,000 feet. NuLegacy Gold is exploring for high-grade Carlin-style gold deposits on its incredibly well located 108 sq. km (42 sq. mile) district scale Red Hill property. Red Hill is on trend/adjacent to three of Nevada Gold Mines’ most profitable multi-million ounce Carlin-type gold mines; the Pipeline, Cortez and Goldrush 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 world’s gold. Seven of NuLegacy’s principals/exploration team members have contributed to the discovery/expansion of one or more of Nevada’s seven massive Carlin-style gold deposits. Tillkännagivande • Oct 17
NuLegacy Gold Corporation, Annual General Meeting, Dec 29, 2023 NuLegacy Gold Corporation, Annual General Meeting, Dec 29, 2023. Tillkännagivande • Jun 08
NuLegacy Gold Corporation Selects Priority Drill Targets NuLegacy Gold Corporation's geological team of Dr. Roger Steininger (director, and co-founder) and Charles Weakly (Exploration Manager), together with recently enrolled key members of Barick's former Goldrush discovery team, Nancy Richter (joined NuLegacy's team as of Feb. 22, 2023), Michael Penick (Mar. 21, 2023), and Robert Leonardson (April 11, 2023), have completed their in-depth global review and analysis of the Carlin-style gold mineralizing systems at NuLegacy's Red Hill property and have agreed on the top 5 priority drill targets for the 2023 drill program. The review of NuLegacy’s 108 sq. km Red Hill property in the Cortez gold-trend approximately 7 km south of Nevada Gold Mines’ multi-million-ounce Tier 1 Goldrush gold deposit concluded that the Cortez-Goldrush-Red Hill block is unique, with continuous deposition of favorable slope facies carbonate rocks from the Roberts Mountains through the Wenban formations. As well, the large displacement (>300m) north-northwest trending steep dipping faults with proximal gold mineralization can be traced from the Cortez mine area through NuLegacy’s Red Hill property, providing an additional link between the two properties. The gold mineralization found to date at Red Hill is similar to that of the high-grade Cortez Fourmile deposit area, localized at the intersections of high and low-angle faults with associated metamorphic alteration and local to moderate scale folding. The host rocks for the Carlin-type gold mineralization include the Devonian Wenban Unit 5, Devonian Horse Canyon, and Devonian-Silurian Roberts Mountains formations. Prior drilling has shown an approximate 3-kilometer-wide zone of Carlin-type alteration and local gold mineralization under the volcanic cover rocks of the Northern Nevada Rift. The link between gold mineralization and metamorphic alteration is encouraging, as very-high grades can occur in this setting as at the Cortez Fourmile and the southern margins of the Goldstrike Betze-Post gold deposits.¹ At Red Hill, a Cretaceous diorite intrusive is associated with metamorphic alteration, with dike zones known to occur along the Iceberg Corridor, the Mid Rift target area, and are inferred from surface mapped metamorphic alteration to the east of the Iceberg fault. The larger bodies of these favorable Cretaceous diorites are interpreted at depth based on strong resistive zones in CSAMT geophysics, and coincident zones of stronger metamorphic alteration mapped at surface and intercepted in drilling. The major drill targets are focused proximally to or above these larger bodies where all other positive target elements intersect as illustrated in the cross-sections below. Although both epithermal and Carlin style mineralization have been identified at Red Hill, NuLegacy’s exploration focus has been on Carlin style mineralization which presents the opportunity for the larger prize. Gold mineralization occurs along both low and high-angle faults, most often at fault intersections, with the best grade closely associated with altered lamprophyre dikes. Some of the more robust intercepts drilled in the deposit areas include 41.2m @ 3.91 g/t including 12.2m @ 10.95 g/t and 4.6m @ 25.21 g/t and 35.1m @ 3.41 g/t including 21.3m @ 5.31 g/t in the North zone (RHB40 and RHB58) and 22.1m @ 6.59 g/t including 8.7m @ 16.92 g/t in the Serena zone (SR18-02C). While there are numerous drill target areas at Red Hill, the 5 highest priority targets are in the Mid Rift, South Iceberg, and West Rift determined by geochemical vectoring from existing results and focused along sets of north-northwest trending, steep dipping faults associated with metamorphic and metasomatic alteration at intersections with low angle west dipping fault zones as areas likely to have thick potentially gold bearing host rock sequences and near-vertical bedding within the best host rock sequences. Pending financing the proposed five-hole Phase 1 2023 drill program (as illustrated in the following cross-sections in green) is approximately 3,000 meters (10,000 feet) of RC-holes with average depths of 600 meters (2,000 feet) focused on the Mid-Rift, South-West Rift and South Iceberg target areas.