NuLegacy Gold Engages Mark Bradley as Exploration Manager
January 20 2020 - 4:15PM
NuLegacy Gold Corporation (TSXV: NUG; OTCQB: NULG.F) is pleased to
report that Mr. Mark Bradley, a Senior Project/Chief Geologist for
Barrick Gold Corporation supervising major exploration teams and a
Principal Geologist assessing new North American exploration
opportunities, has joined NuLegacy Gold as Nevada Exploration
Manager.
Mark was the Cortez Project team leader during
the discovery and definition of Barrick Gold’s multi-million-ounce
Goldrush deposit. For this he was a co-recipient of the
prestigious Thayer Lindsley Award for International Mineral
Discovery from the Prospectors and Developers Association of
Canada. During the Goldrush discovery program he guided and
managed the Cortez exploration team of 20+ geologists and a couple
hundred drilling, construction and logistical contracting
personnel.
Mark worked with all the members of NuLegacy’s
team of former Barrick Gold executives and geologists during their
tenures at Barrick Gold. He will be responsible for the
administration and execution of NuLegacy’s exploration programs so
the geo-technical team can, with his input, focus exclusively on
interpretive geology and locating the down-dip source/s of the
high-grade intercepts drilled to date.
As well as developing the Spring 2020
exploration program Mark will prioritize streamlining the
permitting process to complete the expansion of the AV Plan of
Operations (PoO) environmental permit in anticipation of drilling
the highly prospective Rift Anticline in the fall of 2020.
Assays from the Fall 2019 drilling are being processed for
reporting mid-February.
About NuLegacy Gold
Corporation: NuLegacy is a Nevada exploration company
focused on discovering Carlin-style gold deposits on its premier
district scale 108 sq. km (42 sq. mile) Red Hill Property in the
prolific Cortez gold trend of Nevada.
To date NuLegacy has discovered the Iceberg
Carlin-style gold deposits and has identified several more highly
prospective exploration targets that are being drilled this
year.
NuLegacy’s Red Hill Property is located on trend
and adjacenti 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 minesii.
i The similarity and proximity of these deposits
in the Cortez Trend is not necessarily indicative of the gold
mineralization in NuLegacy’s Red Hill Property.
ii 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.
To learn more about NuLegacy Gold Corporation,
please visit: www.nulegacygold.com or NuLegacy's SEDAR profile at
www.sedar.com.
ON BEHALF OF THE BOARD OF NULEGACY GOLD
CORPORATION
Albert J. MatterChief Executive Officer &
DirectorTel: +1 (604) 639-3640Email: albert@nuggold.com
Cautionary Statement on Forward-Looking
Information: This news release contains forward-looking
information and forward-looking statements under applicable
securities laws, which information and/or statements relate to
future events or future performance (including, but not limited to,
NuLegacy’s proposed drilling programs, the estimated date for
approval of NuLegacy’s expanded AV PoP and the number, location,
cost and timing of drill targets) and reflect management’s current
expectations and assumptions. Such forward-looking
information and statements reflect management’s current beliefs and
are 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, environmental risks, operating risks, accidents, labour
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 reserves in the Red Hill Property
and any proposed exploration programs are exploratory searches for
commercial bodies of ore. In addition, the presence of gold
resources on properties adjacent or near the Red Hill Property is
not necessarily indicative of the gold mineralization on the Red
Hill Property. 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 under applicable securities
legislation.
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 release.
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