nulegacy gold - seeking alpha
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
~ 100 square kilometers of the
Cortez gold-trend of Nevada ~
NuLegacy GoldC O R P O R A T I O N
Corporate Presentation
MARCH 2018
NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Why NuLegacy Gold?
Several en echelon
gold deposits
Additional discoveries
being expanded
Strong treasury, supportive
shareholders
Excellent team; professional
planning and execution
Nevada: the 4th largest gold
producing “nation” in the world
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malaria
blackflies
desert adders
crocodiles
elephant-sized
gold deposits
NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Controls 98 sq. km in Cortez
trend
World class shareholders
District scale discoveries
Successful governance &
geo team
Accelerating exploration
Overview of the opportunity…
“…to invest in the largest 100% ‘independently’ owned land
package in the famed Cortez gold-trend of Nevada...”
• OceanaGold
• Barrick Gold
• Tocqueville
• Davenport LLC
• Three senior former
Barrick executives
on BOD
• Successful mine
finders & financiers
• C$8.0 million
treasury
• Drilled 43,000 feet
(48 holes) in 2017
• Identifying new
targets
• Larger program to
commence March
2018
• Several Carlin style
gold deposits
• One epithermal gold
prospect…so far
• On strike with
three of Barrick
Gold’s best gold
deposits1
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Capital StructureOwnership Distribution
CAPITAL STRUCTURE MINERS Shares (millions) %
OceanaGold 47.6 16.2
Barrick Gold 32.0 10.9
INSTITUTIONS
Tocqueville 28.6 9.7
Davenport LLC 14.5 4.9
Ingalls & Snyder 4.0 1.4
PUBLIC ~ 119 ~ 40.3
PRINCIPALS 49 16.6
ANALYST COVERAGE Scarsdale Equities LLC scarsdale-equ.com Mike Niehuser [email protected]
VSA Capital vsacapital.com Oliver O’Donnell [email protected]
CAPITAL STRUCTURE Shares Outstanding 293.8 million
Warrants 10.2 million
Options 34.4 million
Fully Diluted 338.4 million
52 Week Range C$ 0.16 - 0.34 /share
Market Capitalization ~ C$ 60.0 million
Cash ~ C$ 8.0 million
Proceeds On Exercise of Options & Warrants ~ C$ 23.4 million
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Nevada’s Target Rich Gold Trends
Bald Mtn.
Lone Tree
Phoenix
Cove
MarigoldGold Quarry
Emigrant
Goldstrike
Ruby Hill
Hollister
Goldrush
Cortez Hills
Pipeline
Red Hill property straddles the
convergence of the Cortez trend
and the North Nevada Rift – two
proven gold producing structures.
Cortez segmentof the Battle Mtn. trend
• Several greater than 20m ounces gold deposits
• 250+ m ounces mined
• 5.5m ounces produced in 2016
• 80% of US and 10% of world production
Mule Canyon
Fire Creek
Mt. HopeGold Bar
Tonkin Springs
Turquoise Ridge
Twin Creeks
Alligator Ridge
Carlin
Meikle
Bootstrap BetzePost
Horse Canyon
Gold Acres
Buckhorn
Iceberg
Midas
Hilltop
NuLegacy’s
Red Hill
property
• Politically stable
• Huge gold endowments
• Benign geography
• Superior logistics
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Dr. Roger Steininger,
NuLegacy’s CGO credited
with discovering:
• Pipeline in 1989
• Iceberg in 2012
1922 - Gold Acres ~2.2 M oz.
N
VIO Iceberg
Serena
1989 - Barrick’s Pipeline ~21+ M oz.
1966 - Placer Dome’s Cortez ~1.4 M oz.
1999 - Barrick’s Cortez Hills ~15+ M oz.
1975 - Buckhorn ~1.2 M oz.
2010 - Barrick’s Goldrush ~10+ M oz.
Cortez TrendClusters of Carlin-Type Gold Deposits
NuLegacy’s 98km21
RED HILL PROPERTY
Avocado
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Red Hill Property’s Gold Zones
• Five mineralized
zones over six km
strike length
• Test leaching
recoveries of
74.5+%3
• Multiple gold bearing
horizons/open in
multiple directions
North Iceberg
Central Iceberg
South Iceberg
Western Slope
fault zone
1.0 km
Avocado Zone
Serena Zone
~ 2 km separation; no drilling to date ~
RED HILL PROPERTY98 sq. km (38 sq. miles)
VIO Zone
4km west
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Iceberg Grade Thickness
Legend
> 50 g/t m
> 20 g/t m
> 10 g/t m
5 - 10 g/t m
A
A’
1 Mile1 Km
7
Serena Zone
Central Zone
North Zone
South Zone
NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Central Zone Cross-Section
Tv
Dhc
Dw
RHB-42: 24.3m at 0.67 gpt
RHB-8: 47.2m at 0.73 gpt
RHB-46: 27.4m at 0.73 gptRHB-34C: 18.3m at 1.60 gptAnd 4.6m at 5.47 gpt
JD-74: 21.3m at 2.23 gpt
JD-75 27.5m at 2.03 gpt
RHB-29C 12.2m at 1.57 gpt
JD-70 32.0m at 0.81 gptAnd 22.9m at 0.59 gpt
RHB-43 51.9m at 0.52 gpt
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Central Zone Highlights
2017 - CENTRAL ZONE MINERALIZATIONSelected multi-meter multi-gram intercepts4
Hole Intercept (m) Thickness Grade Grade*thickness
number From To (m) (gpt) Gram-meters
RHB-06 120.4 147.8 27.4 1.26 34.5
including 128.0 138.7 10.7 2.57 27.5
RHB-08 120.4 167.6 47.2 0.73 34.5
including 131.1 160.0 28.9 1.01 29.2
RHB-30C 128 140.2 12.2 3.16 38.6
RHB-34 30.5 48.8 18.3 1.60 29.3
including 44.2 48.8 4.6 5.47 25.2
RHB-43 97.5 149.4 51.9 0.52 27.0
RHB-46 96.0 123.4 27.4 0.73 20.0
RHB-60 120.4 155.4 35.0 1.04 36.4
including 141.7 149.4 7.7 3.64 28.0
JD-32 36.6 91.4 54.8 1.01 55.3
including 67.1 77.7 10.6 4.08 43.2
JD-74 112.8 134.1 21.3 2.23 47.5
JD-75 97.5 120.4 22.9 2.40 55.0
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Serena Zone & North Zone Connecting The Dots
Serena
Zone
IN17-05: 21.4 m of 2.85 gpt
including 4.5m of 9.76 gpt gold
Discovery Hole
SR17-01: 50.3m of 1.00 gpt gold
North Iceberg
SR17-08c: 32.6m of 2.05 gpt
including 3.2m of 14.7 gpt gold
A
A’
Legend
2017 Holes
2013-16 Holes
Historic Holes
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
A A’
Tv
Dhc
Dw
Au g/t
North Zone Cross-Section A-A’
RHB-96C: 14.8m at 2.11 gptSR17-09: 33.5m at 0.50 gpt
Including 7.6m at 0.98 gpt
RHB-17: 41.2m at 1.02 gptIncluding 10.7m at 3.46 gpt
RHB-64: 51.8m at 1.27 gptIncluding 10.6m at 4.51 gpt
RHB-49: 71.6m at 0.78 gptIncluding 9.2m at 2.19 gpt
SR17-01: 50.3m at 1.00 gpt
Including 13.8m at 2.27 gpt
SR17-08C: 32.6m at 2.05 gpt
Including 3.2m at 14.74 gpt
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Serena Zone Highlights
2017 - SERENA ZONE MINERALIZATION
Selected multi-meter multi-gram intercepts4
Hole Intercept (m) Thickness Grade Grade*thickness
number From To (m) (gpt) Gram-meters
IN17-05 123.4 144.8 21.4 2.85 61.0
including 131.1 135.6 4.5 9.76 43.9
SR17-01 150.9 201.2 50.3 1.00 50.3
including 173.7 187.5 13.8 2.27 31.3
SR17-02 173.7 185.9 12.2 0.67 8.2
SR17-04 135.6 157.0 21.3 0.85 18.1
SR17-06 123.4 164.6 41.2 0.77 31.7
including 140.2 150.9 10.7 2.37 25.4
SR17-08c 153.2 185.8 32.6 2.05 66.8
including 153.2 163.5 10.3 5.93 61.1
including 153.2 156.4 3.2 14.74 47.2
SR17-09 219.5 253.0 33.5 0.50 16.8
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
North Zone Highlights
NORTH ZONE – OXIDIZED MINERALIZATIONSelected multi-meter multi-gram intercepts greater than 1.0 gram4
Hole Intercept (m) Thickness Grade Grade*thicknessnumber From To (m) (gpt) Gram-meters
RHB-17 71.6 112.8 41.2 1.02 42.0
including 88.4 99.1 10.7 3.46 37.0
RHB-35 77.7 109.7 32.0 1.23 39.4
including 86.9 97.5 10.6 3.32 35.2
RHB-40 97.5 138.7 41.2 3.92 161.5
including 121.9 126.5 4.6 25.21 116.0
RHB-49 38.1 109.7 71.6 0.78 55.8
including 45.7 54.9 9.2 2.19 20.1
RHB-58 131.1 166.1 35.0 3.41 119.4
including 141.7 149.4 7.7 7.30 56.2
RHB-64 68.6 120.4 51.8 1.27 65.8
including 80.8 91.4 10.6 4.51 47.7
RHB-68 128.0 161.5 33.5 2.46 82.4
including 137.2 150.9 13.7 5.11 70.0
RHB-82 54.9 76.2 21.3 2.16 46.0
including 61.0 65.5 4.5 6.09 27.4
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Multiple Zonesopen in multiple directions
Serena Zone
North Iceberg
Gold Deposit
Barrick’s Gold Rush~10.0M ounces of gold @10.2 gpt2
Avocado Zone
2km
VIO Zone
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Avocado Zone
N
AW17-04C
AW17-01
AW17-02
AW17-03
BRH07-019
AE17-01PRH0509
RHB12-004AVB14-001
AVB16-004c:30.3m at 0.56 gpt
Including 5.1m at 2.57 gpt
AW17-05c:33.3m at 0.61 gpt
AVB16-002:35.1m at 0.50 gpt
Including 10.7m at 1.01 gpt
AVB16-002
AVB16-003:25.9m at 1.04 gpt
Legend
2017 Holes
2014-16 Holes
Historic Holes
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AVB16-004C
AVB16-003
AW17-05C
NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
“….*two of NuLegacy's geo-team were instrumental in the discovery of three of Barrick Gold’s best performing gold mines…”
Exploration Team ‘old school / new school’
Derick Unger, MSc Geo. Chief Geologist
Contributed to discoveries of sediment-hosted (Cove, Gordonsville) and volcanic-hosted (Midas) deposits.
Roger Steininger, PhD Chief Geoscience Officer, Director
Discovered 21+ million ounces Pipeline mine*, Iceberg and Avocado gold deposits
Alex Davidson, MSc Ec Geo. Independent Director
Co-discovered the 8.5+ million ounces Lagunas Norte mine*
Edward L. Cope, MSc Ec Geo. Independent Director
Led team that added ~ 50 million ounces to Barrick’s Nevada gold endowment
Bryan Kellie, BSc Project Geologist
Charles Weakly, BSc District Geologist
Denise Dowell, BSc Geo-tech Administrator
Emily Sudholt, BSc Geologist
Garrett Frey, BSc Senior Geologist
John Katseanes, BSc Geo-technical database architecture
Robert Springs, BSc Geologist
William Mounts, DICAT Drilling Supervisor
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Corporate Team
“... track records of successfully securing and advancing high-quality assets to production…”
MANAGMENT:
Albert Matter Executive Chairman, Director Co-founder Alamos Gold Inc, NuLegacy Gold
James Anderson Chief Executive Officer, Director Co-founder Alamos Gold Inc., NuLegacy Gold
Danny Lee VP Administration & Chief Financial OfficerManaged Eagle Hill & Oban merger to become Osisko Mining
Frank Lagiglia Investor Communications Manager
Michelle Savella Executive Assistant
JoAnn Newbury Community Liaison Officer, Nevada
INDEPENDENT DIRECTORS:
Alex Davidson Dir, Yamana Gold Inc.- former EVP Barrick Gold
Alan Hill Chair, Teranga Gold Corporation – former EVP Barrick
Edward Cope Former VP Exploration, North America Barrick Gold
ADVISORY COUNCIL:
Glen Darou Retired CFO, Shell Canada
John Budreski President & CEO, Morien Resources
Stuart Angus Chair, Nevsun Resources
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
2018 Exploration Acceleration
Calculating maiden resource on 35% of
Iceberg with sufficient drill density
40,000ft/12,000m drill program
starting March 2018
Combining old school “know-how”
and new school technology
Continuing emphasis on the discovery
of new, additional gold zones
Find an elephant!
4.
3.
2.
1.
5.
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Why NuLegacy Gold?
Several en echelon gold deposits
Additional discoveries being expanded
Strong treasury, supportive shareholders
Excellent team; professional
planning and execution
Nevada: the 4th largest gold
producing “nation” in the world
Getting bigger with every drill hole
New zones identified every drill season
Our shareholders make us strong
Continuing to add to our talented team
Best place on planet Earth to find a gold deposit
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Endnotes
1. The presence of gold resources on properties in close proximity (or adjacent) to the Red Hill
property is not necessarily indicative of the gold mineralization on the Red Hill property. To date,
there are no known NI 43-101 mineral resources or reserves on the Red Hill property.
2. As reported by Barrick Gold Corporation, the revised and updated Goldrush resource with an
underground production scenario is significantly higher grade than the previously reported open
pit resource. It 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.
3. Preliminary one hour "tumble leach in cyanide" tests conducted by American Assay Labs using
previously assayed 30 gram sample pulps from recent core drilling demonstrated high average
recoveries of 74.5% (within a range of 64.4% to 89.2%) from oxidized Horse Canyon-Wenban
contact horizon material wherein most of the Iceberg deposit's gold is contained.
4. The reported gold intervals may or may not represent true thicknesses and/or widths as there is
insufficient data at this time with respect to the shape of mineralization to calculate its true
orientation. All drilling was conducted by NuLegacy’s drilling contractors under the supervision of
the Company’s project geologist and the chain of custody from project to sample preparation
facility was continuously monitored. The samples were analyzed by American Assay Labs of
Sparks, NV and sufficient commercially prepared standards, blanks, and duplicates were inserted
to assure quality analytical results. Data verification of the analytical results included a statistical
analysis of the duplicates, standards and blanks to ensure accurate and verifiable results.
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Forward Looking Statements
This presentation contains forward-looking statements. Forward-looking statements are statements that
relate to future, not past events. In this context, forward-looking statements often address NuLegacy’s
expected future business and financial performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect“, “ensure” and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause our actual results, performance or achievements, or other future events, to be materially
different from any future results, performance or achievements expressed or implied by such forward-
looking statements. Such factors include, among others, risks associated with project development; the
need for additional financing; operational risks associated with mining and mineral exploration; actual
results of current and future exploration activities, fluctuations in gold and other commodity prices; title
matters; environmental liability claims and insurance; reliance on key personnel; the absence of
dividends; competition; dilution; the volatility of our common share price and volume; and tax
consequences to U.S. Shareholders, as well as those factors discussed in NuLegacy's continuous
disclosure documents filed on SEDAR at www.sedar.com.. Forward-looking statements are made based
on management's beliefs, estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, save as required by applicable law. Investors are
cautioned against attributing undue certainty or reliance upon forward-looking statements.
Dr. Roger Steininger CPG 7417, NuLegacy Gold’s Chief Geoscience Officer and a Qualified Person
under NI 43-101, has reviewed and approved the scientific and technical disclosure contained herein.
March 1, 2018
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NUG:V │ NULGF:QX Discovering gold in the Cortez Trend, Nevada
Spring In The Cortez Trend