Exploration Plans For The Red Hill Property

RENO, NV - NuLegacy Gold Corporation reported on exploration plans for the Red Hill property located in the Cortez gold trend of north-central Nevada. An initial 6 (of a possible 12) hole reverse circulation with core-tail drilling program totaling approximately 12,000 ft. (3,700 meters for the first 6 holes) to test newly defined targets within favorable host rock in the Mid-Rift corridor between the Western Rift (focus of 2020-21 drilling) and the Serena/North and Central Iceberg corridor. An additional 5 holes into the Western Rift to follow up on the widely spaced 11-hole 2020-21 drill program which encountered significant intervals of Carlin-style alteration, trace element geochemistry and important intercepts of anomalous gold in favorable host rocks and structural settings. This data is interpreted as the margin of a robust Carlin-type gold system, or systems. 5 to 7 infill RC drill holes in the Serena/North zones to further evaluate a possible gold resource in the Iceberg corridor by drilling the ~ 430-meter gap between hole SR (Serena) 18-02 (16.9 grams gold over 8.7 meters) and WS (Western Slope) 19-02 (9.6 grams gold over 5.1 meters). A leaner, focused exploration and corporate management team. A modest cash position to commence exploration and evaluate potential strategic alternatives.

Over the fall and winter, the exploration team worked diligently to complete a full review of NuLegacy’s exploration and drill results from the past 12 years, including re-logging of 150,000+ feet of core and RC drill chips, analyzing countless assays and multi-element geochemistry results and reviewing and re-mapping of key geological structures and formations to update and refine the exploration model and vector the drill plans towards the most prospective target zones within our district scale 108 sq. km. Red Hill property.