The drill intercept announced yesterday (Monday) is the greatest vindication yet of NuLegacy's "Swinging for the fences" strategy; and underscores the high potential reward here to go with the risk.
August 17, 2018 -- Exploration and Drilling update from James Anderson of NuLegacy Gold (TSXV-NUG; OTC-NULGF)
The first (Spring) drill program has already returned a compelling intercept at the Serena Zone on NuLegacy’s 38 square mile Red Hill Property in Nevada; the latest to expand the potential size there. More drill news is coming; a second program in the Fall, now that added funds have been raised; and yet another significant NEW target has been further explored. Anderson wraps up all the latest news with Chris.
Above is a link to my e-mail of May 9--right after my interview (below) with C.E.O. James Anderson, discussing in added detail the drill program at Red Hill that is now getting underway.
May 8, 2018 -- Interview with James Anderson, President of NuLegacy Gold (TSXV-NUG; OTCQX-NULGF)
We picked a good day for this, as the company early this morning announced the commencement of the snow-delayed drilling program at Red Hill. So here I discuss with NuLegacy’s Anderson the company’s well-funded “Swinging for the Fences” drilling strategy; one inspired and backed in part by much of the “old” local Barrick Gold brain trust.
Like many a compelling junior exploration company, Nevada-focused gold explorer NuLegacy's shares have been in the doldrums of late with the overall sector. Yet I have seldom seen a more compelling risk-reward set-up; one even more interesting after 2017's drilling successes.
Unlike most of its peers, NuLegacy is very well funded; backed in great part by major investors OceanaGold, Tocqueville and Barrick Gold. And with its brain trust populated as well by key past/present Barrick execs and geos, NuLegacy's mission to discover the next Nevada "elephant" is one you need to know about!
Click the link above to read my extended report.