NuLegacy Gold Corporation (TSXV: NUG; OTCQB: NULG.F) announces that Dr.
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PRESS RELEASE
- QUINTON HENNIGH TO JOIN NULEGACY GOLD AS ADVISOR-
~ Return of a Founder ~
For Immediate Release May 13, 2020
VANCOUVER – NuLegacy Gold Corporation (TSXV: NUG; OTCQB: NULG.F) announces that Dr.
Quinton Hennigh has joined NuLegacy as an advisor. Dr. Hennigh , one of NuLegacy’s founding
shareholders, will provide significant technical and strategic corporate expertise and advice to NuLegacy
as the Company embarks on its transformative exploration program targeting a large Carlin style gold
system within the recently identified Rift Anticline, part of its 100% controlled 108 sq. km Red Hill gold
project on the prolific Cortez Trend in north central Nevada.
“Given Red Hill is one of my favorite Nevada explora tion projects, I have been following NuLegacy’s
progress from the beginning,” commented Quinton Hennigh. “The project is well -situated within the core
of the gold -rich Cortez Trend approximately 8 km south -east of Barrick’s large Goldrush and Fourmile
Carlin gold deposits, the former of which is currently in development. Although recent Miocene rifting has
tectonically separated the Red Hill area from the Goldrush area, it is readily clear that the right geologic
host rocks, the same as those hosting Goldrush, are present at Red Hill.I
In my view, the potential of this area is very high. My enthusiasm is further supported by recent strong drill
results including 16.9 g /t Au over 8.7 m in hole SR18-02C and 9.6 g /t Au over 5.1 m in hole WS19-02
encountered in areas along the eastern margin of the Rift Anticline.II I believe NuLegacy’s technical team
is well on their way to realizing the full potential of this project and am looking forward to contributing to
the Company’s upcoming exploration program.”
Dr. Hennigh: An economic geologist with 25 years of exploration experience, mainly gold related. Early
in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining
Ltd and Newmont Mining Corporation.
Quinton joined the junior mining sector in 2007 and has been involved with several Canadian listed gold
companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold
project near Red Lake Ontario, a 5 -million-ounce gold deposit bought and currently being developed by
First Mining Gold . In 2010, Quinton started building Australian explorer Novo Resources where he is
Chairman and President. Quinton obtained a Ph.D. in Geology/Geochemistry from the Colorado School of
Mines.
“I’m so pleased to have Quinton’s continuing advice”, says Albert Matter, CEO, “as he was one of the first
to suggest we needed to go west of the Iceberg deposits to find the big Carlin -gold-system generating all
the high-grade ‘sniffs’ we encountered”.
Dr. Hennigh will receive a monthly consulting fee and options to purchase up to 1,500,000 common shares
at a price of $0.10 per share exercisable, subject to vesting, for a period of five years.
About NuLegacy Gold Corporation: Focused on confirming high-grade Carlin-style gold deposits on its
premier 108 sq. km (42 sq. mile) district scale Red Hill Property in the Cortez gold trend of Nevada. The
Red Hill Property is located on trend and adjacent I to the 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 The similarity and proximity of these deposits in the Cortez Trend including Goldrush is not necessarily
indicative of the gold mineralization in NuLegacy’s Red Hill Property.
II As reported on August 27, 2018 and February 18, 2020, respectively.
III As extracted from Barrick’s Q4 -2013 and Q1 -2014 reports. As reported by Barrick, the Goldrush
resource contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and
1,650,000 inferred ounces within 5.6 million tonnes grading ~9.0 g/t.
Dr. Roger Steininger, a Director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the
qualified person as defined by NI 43 -101, Standards of Disclosure for Mineral Projects, responsible for
approving the scientific and technical information contained in this news release.
ON BEHALF OF NULEGACY GOLD CORPORATION
Albert J. Matter, Chief Executive Officer & Director
Tel: +1 (604) 639-3640
Email: [email protected]
For more information about NuLegacy visit: www.nulegacygold.com or www.sedar.com.
Cautionary Statement on Forward-Looking Information: This news release contains forward-looking
information and statements under applicable securities laws, which information and/or statements relate
to future events or future performance (including, but n ot limited to, the prospective nature and potential
of the Red Hill Property and Rift Anticline, the geological and structural similarities between Red Hill and
Goldrush and the Company’s future exploration and drilling programs) and reflect management’s current
expectations and beliefs based on assumptions made by and information currently available to the
Company. Readers are cautioned that such forward -looking information and 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,
unanticipated geological, stratigraphic and structural formations, environmental risks, operating risks,
accidents, labor issues, delays in obtaining governmental approvals and permits, the availability of
financing, market conditions, future prices for gold, changes in personnel and other risks in the mining
industry. There are no known resources or r eserves in the Red Hill Property, any proposed exploration
programs are exploratory searches for commercial bodies of ore and the presence of gold resources on
properties adjacent or near the Red Hill Property including Goldrush is not necessarily indicati ve of the
gold mineralization on the Red Hill Property. There is also uncertainty about the spread of COVID-19 and
the impact it will have on the Company’s operations, personnel, supply chains, ability to procure
exploration equipment, contractors and other personnel on a timely basis or at all and economic activity
in general. All the forward-looking information and statements made in this news release are qualified by
these cautionary statements and those in our continuous disclosure filings available on SEDAR at
www.sedar.com. The forward-looking information and statements in this news release 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 by applicable law.
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 thi s
release.