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NuLegacy Reports Fourth Set of Assays from Summer Drilling at Iceberg

Kristen Moran
Aug. 26, 2015 03:36PM PST
Gold Investing

NuLegacy Gold (TSXV:NUG) announced assays from the fourth set of drill holes in its 2015 summer drill program at the Iceberg project. The company also advised that the fifth phase of the drill program will include eight to 10 drill holes and is set up begin next week.

NuLegacy Gold (TSXV:NUG) announced assays from the fourth set of drill holes in its 2015 summer drill program at the Iceberg project. The company also advised that the fifth phase of the drill program will include eight to 10 drill holes and is set up begin next week.
As quoted in the press release:

Iceberg – Central Zone: Hole RHB-60 in the Central zone returned a satisfactory interval of 1.04 grams of gold/tonne over 115 ft. including 25 ft. of 3.60 grams/tonne. The interval is hosted in Tertiary volcaniclastics that are strongly silicified and oxidized. The results confirm the opportunity for further expansion of the Central zone to the west, northwest, and southeast where drilling is as yet limited. Two lower intervals also contained anomalous gold within the upper Wenban formation.
Iceberg – North Zone: Holes RHB-62 and RHB-63 were successful lateral step-outs to the north-east and north-west as detailed in the table just below. They continued to expand the size of the Iceberg gold deposit as outlined by the numerous multi-gram multi-meter holes comprising the North zone.
West Iceberg: Hole RHB-59 was drilled as a ‘wildcat’ exploration hole into a gravity anomaly with an associated gold in soil anomaly fully 350 meters (1,150 ft.) to the west of the Central zone of the Iceberg. While it returned a modest 0.3 grams of gold/tonne over 25 ft. it indicates the ‘West Iceberg’ may be a distinct parallel zone with gold mineralization in the same horizons as the Iceberg itself. The other hole drilled far to the west of the Iceberg is Hole BRH-37 (0.2 grams of gold over 46 ft.) is likely situated on the eastern flank of this zone of mineralization. The gravity survey indicates the West Iceberg runs parallel to the Iceberg, is approximately 200 meters wide, and may extend a similar 3,000 meters north by northwest.

Click here to read the full NuLegacy Gold (TSXV:NUG) press release.


 
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