NuLegacy Gold C ORPORATION NuLegacy Discovers New “Western Slope” Anomaly ~ Continues drilling wildcat targets
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NuLegacy Gold
C ORPORATION
NuLegacy Discovers New “Western Slope” Anomaly
~ Continues drilling wildcat targets ~
July 18, 2017 - Reno, NV – NuLegacy Gold Corporation is pleased to report that it has discovered
a new structural exploration target with the same geological characteristics as the Icebergi gold
deposit.
This target, referred to as the Western Slope anomaly, lies approximately one kilometer west of the
Iceberg gold deposit; it was initially identified using this year’s extensive CSAMT (Controlled
Source Audio-frequency Magneto-telluric) geophysical surveys*. It is interpreted to be similar in
length and parallel to the Iceberg fault , the major northwest striking fault that controls the gold
mineralization for the Iceberg gold deposit. Northwest striking faults are a key structural component
of most major gold deposits in the Cortez -trend including the Goldrush, Cortez Hills, and Pipeline
deposits. The Iceberg fault has gold mineralization identified over 3,000 meters of strike length and
the Western Slope anomaly is interpreted to have similar size potential.
Location link: (http://nulegacygold.com/i/pdf/red-hill-aerial-view-g75em4.pdf)
The Western Slope fault , which is clearly defined by the CSAMT geophysics, is also coincident
with subsequently identified Au-As-Sb (Gold, arsenic and antimony) soil geochemical anomalies.
The combination of Carlin-type soil geochemical anomalies, northwest striking faulting, and large
size potential makes the Western Slope anomaly a favorable target for exploration drilling.
“Carlin-type gold deposits occur in clusters and stacks…the Western Slope anomaly provides the
very real possibility for another Iceberg gold deposit”, commented Dr. Roger Steininger,
NuLegacy’s Chief Geoscience Officer.
Clusters link: (http://nulegacygold.com/i/pdf/ppt/2017-05-31/0006.jpg)
Stacks link: (http://nulegacygold.com/i/pdf/ppt/2017-05-31/0007.jpg)
The Western Slope is completely covered by post-mineral volcanic rocks and thus was blind to the
surface. The buried nature of Western Slope anomaly means that a thicker section of the favorable
host-rocks for gold mineralization are likely to be intact, whereas at Iceberg a portion of the
favorable host-rocks were eroded from the footwall of the Iceberg fault.
The Western Slope anomaly has never been drilled; the closest drilling is in the western portion of
the Iceberg gold deposit approximately 800 meters to the east, where drill hole RHB-110 intercepted
12.2m of 0.41 grams per tonne gold (news release dated November 30, 2016) . Drilling of the
Western Slope target is planned to follow further analysis of the geophysical and geochemical data,
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development of a 3D model and appropriate drill permits being obtained.
Wildcat drilling of numerous geophysical and/or geochemical ly generated targets throughout
NuLegacy’s 98-square km. Red Hill property continues. The company will release significant assay
data as they are received. Drilling to further define and expand the gold content of the four zones
of the Iceberg gold deposit will resume in the fall.
About NuLegacy Gold Corporation: NuLegacy is a Nevada exploration company focus ed on discovering
additional Carlin-style gold deposits on its premier district scale 98-sq. km (35 sq. mile) Red Hill Project in
the prolific Cortez gold trend of Nevada.
To date NuLegacy has discovered the Icebergi and the Avocado Carlin-style gold deposits and has identified
four more highly prospective exploration targets to be drilled this year.
NuLegacy’s Red Hill Project is located on trend and adjacentii to three multi-million ounce Carlin-type gold
deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest
cost and politically safest gold minesiii. i An established exploration target of 90-110 million tonnes of 0.9 to 1.1 grams of gold per tonne. These figures
are conceptual in nature and derived from a compilation of 149 historic and 111 NuLegacy drill holes. To date,
there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
ii The similarity and proximity of these deposits in the Cortez Trend is not necessarily indicative of the gold
mineralization in NuLegacy’s Red Hill Project. iiiAs extracted from Barrick’s Q4-2013 and Q1-2014 reports.
ON BEHALF OF NULEGACY GOLD CORPORATION
James E Anderson, Chief Executive Officer
For further information, please phone 604-639-3640 or contact James Anderson (CEO) at [email protected],
Albert Matter (Chairman) at [email protected] or Roger Steininger, (CGO) at [email protected], or Frank
Lagiglia (ICM) at [email protected] or visit www.nulegacygold.com.
Dr. Roger Steininger, NuLegacy’s Chief Geoscience Officer is a Certified Professional Geologist (CPG 7417) and
the qual ified person as defined by NI 43- 101, Standards of Disclosure for Mineral Projects responsible for
preparing and reviewing the scientific and technical information contained in this news release.
*A total of 16 kilometers of controlled-source audio-frequency magneto -telluric (CSAMT) lines were
completed in this area by Zonge International Inc. under the supervision of NuLegacy’s Chief Geologist, Mr.
Derick Unger. Data interpretation was completed by the NuLegacy exploration team in collaboration with
Zonge’s senior geophysicists.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s
current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking
statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ
materially from those expected including, but not limited to, actual results of exploration activities, environmental risks, future prices
of gold, operating risks, accidents, labor issues, delays in obtaining governmental ap provals and permits, availability of financing
and other risks in the mining industry. There are no known resources or reserves in the Red Hill Project and the proposed exploration
programs are exploratory searches for commercial bodies of ore. In addition , the presence of gold deposits on properties adjacent
or near the Red Hill Project is not necessarily indicative of the gold mineralization on the Red Hill Project. All the forward-looking
statements made in this news release are qualified by these cauti onary statements and those in our continuous disclosure filings
available on SEDAR at www.sedar.com including our annual management’s discussion and analysis dated July 28, 2016 for the year
ended March 31, 2016. Th ese forward-looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.