NuLegacy Gold reports awarding a 10,000m (33,000 ft.) drilling contract for the 2016 Iceberg deposit exploration program to Major Drilling of Salt Lake City, Utah.
Starting in early May the majority of the multiphase program will focus on expanding the extent of the high-grade zones in the Iceberg deposit, with a sizable portion directed towards exploring other prospective Carlin-type gold systems on the property, principally the Avocado, VIO and Jasperoid Basin gold anomalies.
The circa 40-hole program is scheduled for completion late August/early September.
The Iceberg is classic Carlin-type oxidized gold deposit extending along a 3,000-meter structural corridor of gold mineralization with an established exploration target of 90-110 million tonnes of 0.9 to 1.1 grams of gold per tonnei.
Located in the Cortez gold-trend of Nevada, the Iceberg is on trendii with three of Barrick Gold’s multi-million ounce gold deposits that are amongst its largest, lowest cost and politically safest mines in the world.