NuLegacy Gold Corporation has commenced follow-up drilling to extend the gold mineralization discovered in the wildcat drill hole SR17-01 (previously reported as NI [North Iceberg] 17-03 on July 27th).
This prospective new area, 375 meters (1,200 ft.) west of the North Iceberg gold deposit, has been named the Serena Zone.
Location link: http://nulegacygold.com/i/pdf/newsreleases/Drilling_Serena_zone.pdf. Initially three offset holes are permitted and being drilled west, east, and north of the discovery hole to establish continuity and gain a better understanding of the stratigraphy and structural controls of the gold mineralisation.
"The first few holes drilled into a newly discovered area are always exciting; this is what makes exploration in Nevada so thrilling. We hope to replicate the important gold discoveries in the Cortez trend that Barrick and others have made over the years", said Ed Cope, NuLegacy director, and past head of North American exploration for Barrick Gold Corporation.
The discovery hole SR17-01 encountered 123 meters (405 feet) of strongly brecciated jasperoid hosted in the Devonian Horse Canyon formation (an important host for gold in Carlin-type deposits in the Cortez gold-trend) starting at a depth of 133 meters and extending to 256 meters. Within this formation an interval of:
- 85.4 meters (280 feet) returned assays of 0.64 grams/tonne of gold,
- including 50.3 meters (165 feet) of 1.00 grams/tonne gold,
- including 13.7 meters (45 feet) of 2.27 grams/tonne gold.
"This discovery is hosted in a strongly silicified and brecciated Devonian Horse Canyon formation at the intersection of interpreted northwest and east-west striking district scale structures. Link: http://nulegacygold.com/i/pdf/newsreleases/Serena_zone_plan_map.pdf. The combination of intense Carlin-type alteration and the accompanying trace elements suite indicates that the gold mineralizing fluids that formed the Serena zone are similar to those that formed the Iceberg and Avocado deposits," commented Derick Unger, NuLegacy's Chief Geologist.
We have completed this summer's program of wildcat drilling of geophysical and/or geochemical targets throughout the 98-square km. Red Hill property; additional significant results will be released as they are received and evaluated by our geological team. Drilling to further define and expand the gold content of the Iceberg gold deposits will resume this fall.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 20th sample. The samples were delivered to American Assay Labs' preparation facility in Sparks, NV. The samples were crushed, pulverized and sample pulps were analyzed by American Assay Labs' certified laboratory in Sparks, NV. Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. All other elements were determined by ICP analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.