NuLegacy Gold has started a drill program at its Wood Hills South gold project.
The location of this project is in line with and contiguous to the Long Canyon and West Pequop gold deposits, north-central Nevada. Recently, Newmont Mining purchased these gold deposits for around $2.3 billion.
NuLegacy’s COO, Dr. Roger Steininger, has stated that the company is elated to drill at the project. This property is being drilled for the first time. The company has considered that the Wood Hills project will be the southwest expansion of the promising West Pequop gold district.
The company has planned for 2,000 m reverse circulation drilling to primarily test the geochemical and geophysical targets, which formed 70,000 m of the soil sampling and 31,000 m of resistivity/IP surveys that were performed during the preparatory exploration campaigns.
The project’s significant factors that have been found are a geological location identical to that present in the Pequop gold district, located immediately to the east, and several gold-bearing silicified bodies along the project’s south boundary may show the edges of the gold systems below a thin gravel cover towards the south. A gravity survey has shown that only a thin veneer of gravel has enclosed the favorable bedrock to the range front’s southern part. The resistivity or IP surveys have found anomalies, which show the altered and cracked bedrock with possible sulfides at depth.
The company’s initial drill holes will examine many anomalies for establishing a good understanding of the enclosed geology and its potential for mineralized gold. It is expecting that the drill program will include short holes of 150 m length for the bedrock structures sampling followed with deeper drill holes, when a mineralization containing gold has been found. The company is anticipating these drill results during the first quarter of 2012.
Source: http://nulegacygold.com/