NuLegacy Gold Corporation provides guidance on its 2022 corporate objectives and exploration plans for its 100% controlled 108 sq. km. Red Hill property located in the Cortez gold trend of north-central Nevada. To view this news release with its graphics displayed please link after an extended period of review NuLegacy is planning: 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. With gold approaching US$2,000/ounce, 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 was (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. 2022 Summer Drill Program: Over the fall and winter, 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 district scale 108 sq. km. Red Hill property. Cretaceous diorite intrusive bodies occur as approximate north-northwest oriented dikes coincident within the Iceberg corridor's South, Central and North zones (associated metamorphic alteration likely is enhancing host rock favorability). One dike trend roughly follows the Iceberg.
fault, and another is evidenced about 200 meters to the west.
The newly identified NNW trending fault zone within the Mid-Rift targets is supported by air
photo linears and mapping data and is coincident with a change in CSAMT characteristics of the
Miocene basalt flows (western edge of stronger alteration) - the same fault zone probably had
high fluid flow in the Eocene, and likely produced the Carlin-type mineralization below.