NuLegacy to Drill the Avocado IP Geophysical Anomaly
NuLegacy Gold Corporation reports on the progress of its 2014 exploration program commenced May 7, 2014.
The first 9 reverse circulation holes were drilled as substantial step-outs from the existing mineralized zones of the Iceberg gold deposit to test for the outer limits of the gold mineralization. Assays for the first two holes have been received and are reported in the table below. Assays for the remaining holes are anticipated over the next two to three weeks. The assays will be integrated into the Iceberg deposit’s exploration model (90 to 110 million tonnes grading between 0.7 g/t and 1.0 g/t of gold1) to determine where to drill the next set of holes targeted to expand the deposit.
In the interim we will proceed drilling two separate highly prospective zones outside of the Iceberg gold deposit as outlined in our May 8 news release on the 2014 exploration program.