Toward the end of the financial collapse of 2009 parcels of claims came available for option in Nevada that would never come available under normal circumstances.
Roger Steininger and Albert Matter seized the opportunity to acquire the Red Hill property from Barrick Gold.
Roger, the discoverer of the giant Pipeline mine (20 million ounce and counting) picked the Red Hill property, on trend with three of the largest gold mines in the world (Pipeline, Cortez and Goldrush) as the best opportunity.
Within 10 days of the lows in the financial collapse, Albert, the indefatigable salesman, had raised the first $1.0 million towards the exploration of the 108 sq km Red Hill property.
Nine years and fifty million dollars later, and with the guidance of six of Barrick Gold’s best explorationists who Albert and Ed Cope (former VP Exploration of Barrick) attracted to NuLegacy, the chase has narrowed to the 7 sq km known as the Rift Anticline, considered by all to be an analogue to the 10 million, 10 gram/ton adjacent Goldrush deposit.
The highly prospective Rift Anticline drill target has uniquely favorable Carlin-system geology located within Nevada’s Cortez gold complex adjacent to three of Barrick Gold’s most profitable multi-billion-dollar, multi-million-ounce Tier 1 Carlin-type gold deposits.
With NuLegacy’s industry leading management and exploration teams’ track record of discovering and developing world class gold mines, the Rift Anticline represents an opportunity to add the fourth high-grade “elephant sized” Carlin-style gold deposit in the Cortez cluster.
With a well-funded treasury and a major deep drilling program scheduled to commence this fall, management expects to realize on the significant value of its enterprise during 2021-22.