NuLegacy Gold Reports Next New Consultancy

Mike Penick joins the geo-team

RENO, Nev., March 21, 2023 (GLOBE NEWSWIRE) -- NuLegacy Gold reports on the second of several new consultancies as part of our strategy to expand our geo-team to increase and capitalize on the values we have established.

We are pleased to welcome Mr. Michael Penick, B.S. Geology, who has joined our team of Carlin-type gold system discovery consultants in developing our 2023 drilling program for our 108 sq. km flagship Red Hill property in Nevada’s famed Cortez gold-trend, one of the world’s premier gold mining jurisdictions.

Mr. Penick was an integral part of the Exploration team that was responsible for the discovery of the multi-million-ounce Goldrush gold deposit just to the northeast of our Red Hill property¹.  

Mr. Penick has had a long and successful career in mineral exploration and management in copper, uranium and most particularly gold. Most notably, Mike held numerous positions in Nevada and globally for Barrick Gold, initially as Chief Mine Geologist at the Betze-Post Open Pit Goldstrike Mine where he was responsible for mine geology, geotechnical engineering, and resource modeling activities.

Later, after serving as Geological Services Manager at Kennecott’s Bingham Canyon Copper Mine, he held the position of Chief Exploration Geologist for Barrick’s Cortez district.

Mike was then promoted to Director-USA Minesite Exploration of numerous Barrick-owned mine camps in the US including the Cortez, Goldstrike, Turquoise Ridge, Bald Mountain and Ruby Hill properties, after which, he became part of Barrick’s efforts in exploration support on all global mine sites as Manager-Minex.

Both Nancy Richter, formerly US Exploration Manager, Barrick Gold Exploration Inc., who recently became a consultant to NuLegacy Gold, and our longtime Exploration Manager, Charles Weakly worked under Mike’s guidance while at Barrick.

Together they will focus our summer 2023 drilling program and select the 5 or 6 best holes to be drilled initially out of the 25+ possible drill sites that the geo-crew has selected.

The rigorous drill hole selection process, which was started with a geo-technical review session held in Reno March 6-7, is scheduled to be completed by May 8-9 in Elko, (coincident with our touring the property with a number of ‘friends of the court’) with the intent of making a discovery, or further narrowing the field of opportunity. Preliminary information thereon will be made available shortly.