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nulegacy gold corp (NUG) Details

NuLegacy Gold Corporation engages in the acquisition and exploration of mineral properties in the United States. The company explores for gold deposits. Its principal properties include the Red Hills project that comprises 1,300 unpatented lode mining claims covering approximately 105 square kilometers located in Eureka County, Nevada; and the Wood Hills South project, which consists of 451 unpatented lode mining claims covering 90.6 square kilometers of fee lands located in Elko County, Nevada. The company was incorporated in 2009 and is headquartered in Vancouver, Canada.

Founded in 2009

nulegacy gold corp (NUG) Top Compensated Officers

Chief Executive Officer, Director of Finance ...
Total Annual Compensation: C$91.8K
Executive Chairman and Member of Audit Commit...
Total Annual Compensation: C$168.5K
Chief Operating Officer, Director of Acquisit...
Total Annual Compensation: C$169.1K
Compensation as of Fiscal Year 2013.

nulegacy gold corp (NUG) Key Developments

Nulegacy Gold Corporation Announces Board Appointments

NuLegacy Gold Corporation reported two new directors have been appointed to the board. NuLegacy Gold welcomes Mr. Alex J. Davidson, formerly executive vice-president of exploration and corporate development of Barrick Gold Corporation and Mr. Richard Wells, currently the chief financial officer of Waterton Global Resource Management Inc. to the board. Richard Wells has been the chief financial officer of Waterton Global since 2010. He is responsible for all financial aspects of Waterton Global's corporate office and operating subsidiaries including accounting, reporting, taxation, investor relations and administrative matters. Richard serves as chair of Waterton's Valuation Committee. He provides financial oversight as a board member for Waterton's various operating companies. Richard was previously manager of financial reporting at Magna International Inc.

NuLegacy Gold Corporation Reports on the Exploration Program on Iceberg Gold Project in the Cortez Gold Trend of Nevada

NuLegacy Gold Corporation reported on the exploration program on its cornerstone 60 sq. km Iceberg gold project in the Cortez gold trend of Nevada. One RC (reverse circulation) rig is currently drilling the initial hole to test the Avocado anomaly to 1,800 ft. (550 meters), and a core-rig is drilling five core holes (totaling 4,500 ft./1,400 m) into the north, central and recently confirmed south zone of the Iceberg gold deposit. Assays will be reported on receipt and completion of QC/QA processing. Avocado drilling: A re-analysis of the gravity, CSAMT and IP/Resistivity surveys completed over the Avocado anomaly led to a change in location of the first hole which required re-permitting the drill site. The Avocado Anomaly, a very large IP/Resistivity geophysical feature (6,600 ft. east-west and 3,300 ft. north-south [2,000 by 1,000 m]) is just to the north of the Iceberg gold deposit. There is evidence of a gold bearing pyrite zone in a historical hole(i) drilled on its eastern margin which reported 0.95 grams/ton of gold over 9.1 meters. Additional holes are planned for the spring 2015 program and will be sited on the results of these holes. Iceberg drilling: The five core holes being drilled into the Iceberg are spread along the 3 km strike of the deposit. They are located to confirm the stratigraphy, grade distribution and attitude of the three gold bearing horizons identified to date in the Iceberg gold deposit. They are designed to assist in locating the crests of the interpreted anticlines/fault zones that are often associated with the Cortez-trends' Carlin-type gold deposits making them such coveted prizes. A gravity survey over the entire Iceberg gold deposit has been commissioned and is expected to commence in early October. It should contribute to the selection of sites for the planned 2014 fall exploration program consisting of 6 to 8 more holes. NuLegacy Gold has discovered a classic Carlin-type oxidized gold deposit (the Iceberg) with an exploration target(ii) of 90 to 110 million tonnes grading between 0.70 gram and 1.00 gram of gold/tonne in the famed Cortez gold-trend of Nevada. The Iceberg is on a 60 sq. km portion of the Cortez optioned from Barrick Gold Corporation, and on trend with Barrick's three multi-million ounce Carlin-type systems that are its largest, lowest cost and politically safest gold deposits(iii) in the world. The Iceberg is adjacent(iv) to the third of these, the Goldrush deposit(v) which is the most significant green-field discovery by a major gold producer in the past five years. NuLegacy's 2014-15 exploration programs are designed to complete the earn-in to a 70% working interest in the Iceberg; they are focused on finding the higher grade cores usually associated with the Cortez's Carlin-type gold deposits that make them such coveted prizes.

NuLegacy Gold Corporation Auditor Raises 'Going Concern' Doubt

NuLegacy Gold Corporation filed its Annual on Jul 28, 2014 for the period ending Mar 31, 2014. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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