For years NuLegacy Gold's $NUG.V $NULGF CEO James Anderson has been championing the exploration in Nevada's highly desirable Cortez Trend believing that his company could be onto what could be the next great gold mine of this prolific belt. Mining investors know that it is on the Cortez Trend where the most profitable and safest mines in the world can be found.
Barrick's (ABX) Goldrush mine on the Cortez Trend in Nevada could be its biggest winner. Construction is set to start by 2022. "Goldrush currently has proven and probable gold reserves of 1.5 million ounces and measured and indicated gold resources of 9.4 million ounces, with significant potential to identify additional resources once underground access to drill the deposit is established." (Barrick Website) There have been very few discoveries like Goldrush in the past 20 years.
If Barrick (ABX) wants to come back its success lies on focusing on Nevada. They need to find more Goldrush's and that is why I believe they are going to possibly buy NuLegacy $NUG.V $NULGF while it is still cheap.
I saw NuLegacy CEO James Anderson when he joined me on a mining and metals fishing trip around the BMO conference in Miami. James said he really was excited about this year's program and believed they would be successful.
News today looks like his forecast is being proven credible. "Drill hole SR18-02C, a -70º angle core hole drilled as a 100-meter step-out to the west of the currently defined Serena zone, encountered 8.7 meters of 16.92 grams/ton gold within a broader interval of 22.1 meters grading 6.59 grams/ton gold starting at a vertical depth of 258 meters."
Look at the Board of Directors of NuLegacy you will see former executives for Barrick and Ed Cope who was the lead exploration man for Barrick states, "...The grade is excellent, and reminiscent of the grades Barrick found while drilling Goldrush several years ago."
Things are moving fast here four follow up holes then about a dozen more in mid-September. NuLegacy hired a Barrick Geologist Charles Weakly who worked on Goldrush. He stated, "Everything we saw at Goldrush exists on the Red Hill property...our methodology for finding higher grades is improving constantly.”
Barrick and Oceanagold are already insiders. Toqueville Gold is also a major fund backing NuLegacy as an insider. You got the smartest shareholders and the best technical team. Remember these guys are looking for a grand slam giant deposit.
As the CEO stated before in an interview “Elephant-sized deposits [are] the goal. That is why we have been given the mandate and the geological brain trust to step out and drill some of these high-impact targets. It’s the home run that people are looking for.”
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Please phone 604-639-3640 contact James Anderson (CEO) at email@example.com, Albert Matter (Chairman) at firstname.lastname@example.org or visit www.nulegacygold.com send them a quick hello and congrats and let them know you found out about NuLegacy from your friend Jeb Handwerger. It would be greatly appreciated.
This could be just the beginning and the breakout needed for NuLegacy Gold. Please note for full disclosure I am a significant shareholder and they were a sponsor in the past so I may have a conflict of interest and could benefit from a higher share price and increased volume.
Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit. Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.