NuLegacy Provides Update - Seite 2

Joining with their former colleague, Charles Weakly, to complete the task of making a discovery at Red Hill are:

• Ms. Nancy Richter, former US Exploration Manager, Barrick Gold Exploration Inc. – see news release dated Feb. 22, 2023.
• Mr. Michael Penick, whose last position at Barrick Gold was Manager-Global Minesite Exploration – see news release dated March 21, 2023, and
• The legendary Mr. Robert Leonardson, BSGE, MSG, Michigan Tech, and Geological Advisor at Barrick’s Goldstrike and Cortez mines – see news release dated April 11, 2023.
  

For complete details of their discovery history please follow the embedded links. To view this news release with full graphics and active links go to: https://bit.ly/NuLegacyupdateAug22

Refreshed targeting: The new team undertook a thorough review of NuLegacy’s 13-year exploration history at Red Hill, and their conclusions support our proposition that:

“…the Cortez trend, (an on-echelon cluster of three of the world’s thirty largest gold deposits) is a ‘continuous periodic north-northwest trending deposition of favorable gold mineralized slope facies/carbonate host rocks in steep dipping faults’, which can be traced from the Pipeline mine through the Cortez mine and Goldrush deposit onto the NuLegacy’s Red Hill property…”

• The gold mineralization found to date at Red Hill is localized at the intersections of high and low-angle faults and associated with the metamorphically altered halo around an intrusive and local to moderate scale folding, similar to the Goldrush/Fourmile deposit area.
• The highest priority drill targets are likely in the Mid-rift and associated South Iceberg zones (proposed phase 1 drill sites in figure below) as interpreted by vectoring from proximal drilling data and geophysical and chemical survey results.

Several recommended additional analyses are nearing completion and are corroborating the initial selection of targets; for the general location of the drill targets refer to the map just below; for details please see the drill target plan map & cross-sections.

2023 Target Synthesis Plan Map: to enlarge map click https://bit.ly/2023drilltarget

Following his reassessment of the 2021-22 drill programs (see full exploration summary at: https://bit.ly/explsummary), Charles Weakly remained confident that the Mid-rift and South Iceberg were the places to explore. At that point, we decided to get some external advice … and who better to have than a subset of the people who’d been involved in the discovery of the “analogue” for the Red Hill – the Goldrush itself: Nancy Richter, Mike Penick and Bob Leonardson?