NuLegacy's CEO
And as NuLegacy Chairman
Permitting details: The US
Biological Baseline Surveys: Raptor flights - two distinct helicopter surveys of the property and surrounding area with no breeding pairs identified.
Habitat survey, community mapping, etc., - whole property survey of possible species habitat (i.e. sage-grouse) completed in compliance with the requirements of the State Sage-grouse Environmental Technical Team (SETT)
Botanical surveys - near completion, no sensitive species identified
Wildlife surveys - completed, no sensitive species activities identified
Hydro field survey - A seep & spring survey is in progress to comply with the requirement of providing a surface water-quality report for the area.
Conservation Credit System SETT - SETT has determined the number of sage grouse habitat debits generated by the proposed project expansion, and a corresponding number of CCS credits are being acquired from a recognized credit generator.
With the acceptance of our US
Exploration progress: As noted in our news release of
Discussions are also underway to secure one RC rig and two core rigs to start drilling mid-October. The deep test drilling is budgeted to cost
About
The expanded POP will cover a total of 8,500 acres (13 sq. miles); the substantially larger disturbance allowance will provide NuLegacy the necessary flexibility in planning and permitting literally hundreds of drill sites for follow up to the successes of the 2020-21 Fall-Spring exploration program.
There should be time enough for four to six holes in the fall (2020) before winter shut down with the balance of the holes scheduled to start up in the late spring 2021.
The proximity of Red Hill to other gold deposits in the Cortez trend is not necessarily indicative of gold mineralization at Red Hill.
I The similarity and proximity of these deposits in the Cortez Trend including Goldrush 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.
Contact:
Tel: +1 (604) 639 - 3640
Email: albert@nuggold.com
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking information and statements under applicable securities laws, which information and/or statements relate to future events or future performance (including, but not limited to, the prospective nature of the Rift Anticline target, the proposed exploration, drilling and permitting programs thereon and the timing, cost and likelihood of success thereof) and reflect management's current expectations and beliefs 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, unanticipated geological, stratigraphic and structural formations, environmental risks, operating risks, accidents, labor 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, any proposed exploration programs are exploratory searches for commercial bodies of ore and the presence of gold resources on properties adjacent or near the Red Hill Property including Goldrush is not necessarily indicative of the gold mineralization on the Red Hill Property. There is also uncertainty about the spread of COVID-19 and the impact it will have on the Company's operations, personnel, supply chains, ability to procure exploration equipment, contractors and other personnel on a timely basis or at all and economic activity in general. 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 by applicable law.
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