NuLegacy Gold Corporation provided guidance on its 2016 exploration. Starting in early May, when The company expects that ground conditions will be economically optimum, the company will commence a multiphase 10,000-meter (33,000 ft.) drilling program ("2016 Drill Program") to continue the delineation of the Iceberg gold deposit. As has been practice, the company will drill eight to ten holes and then use the assays from these to confirm selection of the next eight to ten holes.

The company is scheduling completion of the 10,000 meters (approximately 40 holes) in five phases by late August. The majority of the drilling 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. Having secured 100% of the Iceberg gold deposit, NuLegacy will now proceed to commission the preparation of its maiden NI 43-101 estimate of resources.

From the outset, NuLegacy spent its exploration budget (USD 5.0 million to date) focusing on near-surface oxides and has established an exploration target of 90 - 110 million tonnes grading 0.9 to 1.1 grams of gold/tonne. The exploration target is a 3,000-meter structural corridor (on trend with the other three large Carlin-type gold deposits in the Cortez), with the classic northwest-southeast strike of the Cortez "Carlin-style gold systems". To date, there are two concentrations of gold mineralization; the North zone, (covering circa 350 meters of strike) and the larger Central zone (covering circa 650 meters of strike) where drill density is sufficient to support the planned NI 43-101 resource calculation.