Drill Results from Miranda Gold's Red Hill Project
Original announcement by tmx on
- Company
- NuLegacy Gold Corp.
- Ticker
- NUG
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Arsenic, Antimony, Mercury, Thallium
- Document categories
- Drill results, Other
- Extracted
- 2026-09-16 15:20:37 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NuLegacy Gold Corp. reported drill results from the Red Hill project in Nevada, confirming gold mineralization within a geophysical anomaly. While the intercepts are low-grade, the geological setting is consistent with Carlin-type gold systems.
Reasoning: The drill results confirm the presence of gold within a geophysical anomaly interpreted as carbonaceous/pyrite-rich, supporting a Carlin-type model, though the grades themselves are low.
Positive factors
- Confirmation of geophysical anomaly with gold values
- Carlin-type geological setting identified
- Target-rich environment described
Negative factors
- Low grade intercepts
- Apparent width only (true width not estimated)
- Widely spaced drilling
Facts used in scoring: 5
Classification and evidence
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states that true widths cannot be estimated at this time for the reported intercepts.
Evidence · text
“true widths cannot be estimated at this time”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release details the use of standards, blanks, duplicates, and check assays by SGS.
Evidence · text
“Montezuma QA/QC included the insertion of standards and blanks on a regular basis, collection of duplicate samples, and rerun assays on select samples. Check assays were performed by SGS Mineral Services”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is located 15 miles southeast of the 12 million ounce Cortez Hills gold deposit.
Evidence · text
“located 15 miles (24 km) southeast of the 12 million ounce Cortez Hills gold deposit”
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: The document notes high levels of arsenic, antimony, mercury and thallium in the mineralization.
Evidence · text
“associated with altered lamprophyre dikes and high levels of arsenic, antimony, mercury and thallium”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (5)
RHM10-001Red Hill · goldGrade: 0.546Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- RHM10-001
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NUG
Geometry
- Grade
- 0.546
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 670 m
- To
- 680 m
- Hole Depth
- 21 m
- Intercept Depth
- 670 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHM10-001:670-680
- Mining Method
- unknown
QA/QC
- Laboratory
- ALS Chemex Laboratories, Inc.
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: Low grade intercept confirming anomaly.
Evidence · table
“0.546”
Context: 3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
RHM10-001Red Hill · goldGrade: 0.622Grade Unit: g/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- RHM10-001
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NUG
Geometry
- Grade
- 0.622
- Grade Unit
- g/t
- Intercept
- 1.5 m
- From
- 675 m
- To
- 680 m
- Hole Depth
- 21 m
- Intercept Depth
- 670 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHM10-001:675-680
- Mining Method
- unknown
QA/QC
- Laboratory
- ALS Chemex Laboratories, Inc.
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: High-grade component of the interval.
Evidence · table
“0.622”
Context: 1.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
RHM10-002Red Hill · goldGrade: 0.409Grade Unit: g/tIntercept: 9.1 mView all detailsHide details
Identity
- Hole ID
- RHM10-002
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NUG
Geometry
- Grade
- 0.409
- Grade Unit
- g/t
- Intercept
- 9.1 m
- From
- 970 m
- To
- 1000 m
- Intercept Depth
- 970 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHM10-002:970-1000
- Mining Method
- unknown
QA/QC
- Laboratory
- ALS Chemex Laboratories, Inc.
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: Wider intercept but low grade.
Evidence · table
“0.409”
Context: 9.1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
RHM10-002Red Hill · goldGrade: 0.702Grade Unit: g/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- RHM10-002
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NUG
Geometry
- Grade
- 0.702
- Grade Unit
- g/t
- Intercept
- 1.5 m
- From
- 995 m
- To
- 1000 m
- Intercept Depth
- 970 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHM10-002:995-1000
- Mining Method
- unknown
QA/QC
- Laboratory
- ALS Chemex Laboratories, Inc.
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: High-grade component of the interval.
Evidence · table
“0.702”
Context: 1.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BRH-013Red Hill · goldGrade: 4.987Grade Unit: g/tIntercept: 24.4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BRH-013
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- NUG
Geometry
- Grade
- 4.987
- Grade Unit
- g/t
- Intercept
- 24.4 m
- From
- 585.4 m
- To
- 609.8 m
- Intercept Depth
- 585.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BRH-013:585.4-609.8
- Mining Method
- unknown
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2006-01-01T00:00:00.000Z
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: Historical high-grade intercept mentioned for context.
Evidence · text
“2006 drill hole BRH-013 intersected 80 ft of 0.146 oz Au/t (24.4m of 4.987g Au/t)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.