NuLegacy Gold Expands High-Grade North Zone at Iceberg

NuLegacy Gold (TSXV:NUG) reported assay results from six of eight holes drilled in June at its Iceberg property in Nevada. Highlights of results included 5.31 grams of gold over 21.3 meters.
As per the press release, further highlights from the North Zone included:

• 3.4 grams of gold/tonne over 35.1 meters (115 feet) including,
• 5.3 grams of gold/tonne over 21.3 meters (70 ft.) and including a still higher grade interval of,
• 7.3 grams (~1/4 ounce) of gold/tonne over 7.6 meters (25 ft.).

As quoted in the press release:

RHB-58 was drilled as a considerable 50 meter (160 ft.) step-out to the west of hole RHB-40 (the previous best intercept reported May 7^th with 3.9 grams of gold/tonne over 41.2 meters) and continues the expansion of the high grade North zone.
Hole RHB-55 is a further 50 meter (160 ft.) westerly step-out from the high-grade zone. Gold mineralization was encountered in the Wenban horizon (averaging 0.19 grams of gold/tonne over 32.0 meters/105 feet at the bottom of the hole) with the grade increasing with depth until the hole was terminated due to difficult drilling conditions. The interpretation is that the hole had just encountered the extension of the higher grade zone and so will be re-drilled in the next set of holes.
One of the ironies of Carlin-type gold deposits is that the very ground conditions that are most favourable for the optimum deposition of gold – highly fractured zones – are difficult drilling conditions.
Hole RHB 56 is one of the few holes in the North Zone to encounter gold in the surface Volcaniclastics that are so prevalent in the Central Zone, and while it reported as a modest 0.20 grams of gold/tonne over 33.5 meters (110 ft.) that could contribute to the economics of the deposit as the recovered gold would help towards paying for the pre-stripping⁽ⁱ⁾.

Click here to read the full press release.