NuLegacy Gold Corporation (TSX-V:NUG) (OTCQX:NULGF) reports that on April 19, 2016 the Tocqueville Gold Fund acquired 19.5 million shares of NuLegacy Gold at C$.20/share through an open market transaction.
The long established and renowned gold fund co-managed by John Hathaway and Doug Groh is part of the Tocqueville Private Wealth Management group of funds established to serve the long- term investment needs of high net worth families and individuals. The New York-based Tocqueville is an employee-owned group of professionals who base their decisions on their own rigorous, in-depth research and thorough knowledge of every investment position in each portfolio with emphasis on undervalued and out-of-favor assets.
Global Resources Investment Trust PLC a British resource investment trust, which supported NuLegacy during the worst of the bear market, was pleased to be able to liquidate part of its resource investment portfolio profitably.
– NuLegacy is an advanced stage exploration company focused on developing its district-scale Carlin- type oxidized Iceberg gold deposit located on 38 sq. mile (98 sq. km) portion of the Cortez trend.
– The Iceberg gold deposit has an established exploration targeti of 90 to 110 million tonnes grading between 0.90 grams and 1.10 grams of gold/tonne.
|i||These figures are conceptual in nature and derived from a compilation of 149 historic and 34 NuLegacy drill holes in and around the Iceberg deposit. To date, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.|
|ii||The similarity and close proximity of these deposits in the Cortez Trend to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit.|
|iii||As extracted from Barrick’s Q4-2013 and Q1-2014 reports.|
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