Jun 17 2020
NuLegacy Gold Corporation has announced that it has been progressing as per schedule to submit the final permitting documentation in July 2020. It expects to receive approval to permit a 16-hole deep test drilling program in September to start operations by mid-to-end October 2020.
Enrolling Mr. Mark Bradley, a former Senior Project/Chief Geologist for Barrick Gold who supervised the discovery and delineation drilling of Barrick’s multi-million ounce Goldrush deposit, has been a real boon; not only did he manage 200+ personnel in drilling the Goldrush, he was responsible for overseeing the program’s permitting, and as such is well versed in regulatory requirements and communicating with Federal and State agencies.
Albert Matter, CEO, NuLegacy
“There is no substitute for the experience of having participated in discovering one or another of the giant Carlin-type deposits in Nevada for assessing the next discovery; our team has collectively participated in five such discoveries, and as such is uniquely qualified to find the fourth ‘elephant’ in the Cortez gold trend,” stated Alex Davidson Chairman of NuLegacy.
Permitting details: The US $500,000 expansion of NuLegacy’s allowed Plan of Operations (POP) across the Red Hill property is progressing as per schedule to submit to the Bureau of Land Management in July, where acceptance is expected in September. The submission will include:
- Cultural Resources Survey: No major archaeological problems were identified in the most preferable drill-target areas on the Rift Anticline.
- Biological Baseline Surveys:
- Raptor flights—two different helicopter surveys of the property and adjacent area identified no breeding pairs
- Habitat survey, community mapping, etc.—whole property was surveyed for potential species habitat (i.e. sage-grouse) finished in agreement with the requirements of the State Sage-grouse Environmental Technical Team (SETT)
- Botanical surveys—no sensitive species identified, close to completion
- Wildlife surveys—completed, but no activities of sensitive species identified
- Hydro field survey—a seep and spring survey underway in agreement with the requirement of offering a surface water-quality report for the area.
- Conservation Credit System SETT—SETT has identified the number of sage grouse habitat debits produced by the impending project expansion, and a related number of CCS credits are being obtained from a recognized credit generator.
Once NuLegacy’s US $500,000 expanded Plan of Operations over the Red Hill property is accepted in September as expected, the company plans to start a 16-hole drill program by mid-October.
Exploration progress: As described in their news release dated June 1st, 2020, exploration activity is underway on the Red Hill property, including an additional CSAMT (Controlled-Source Audio-frequency Magnetotellurics) and Gravity survey ongoing to support NuLegacy’s geo-team to further define the target stratigraphy.
In addition, discussions are ongoing to acquire one RC rig and two core rigs to start drilling by mid-October. The budget for the deep test drilling is US$ 250,000 per hole; deep holes are needed while hunting for Nevada’s elephant-sized gold deposits.
NuLegacy’s analysis of the approximately 7.5 km2 target area (the Rift Anticline) indicates that a 14- to 16-hole pattern would help find a deposit even if it is of the size of the three existing giants in the Cortez (with a possible footprint of approximately 1.5 km2) or a more regular Nevada-sized deposit (with a possible footprint of approximately 0.3 km2).
Source: https://nulegacygold.com/