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
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-24 03:06:43 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NuLegacy Gold Corp. reported drill results from the Red Hill project in Nevada, confirming a geophysical anomaly interpreted as carbonaceous material and pyrite. While intercepts show anomalous gold values, the grades are relatively low, and the program is characterized as early-stage exploration.
Reasoning: Drill results confirm the presence of carbonaceous material and pyrite within a geophysical anomaly, consistent with Carlin-type gold systems, though grades remain low.
Positive factors
- confirms geophysical anomaly
- Carlin-type signature
- QA/QC disclosed
Negative factors
- low grades
- apparent width only
Facts used in scoring: 4
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes details on 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.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Document explicitly states true widths cannot be estimated at this time.
Evidence · text
“true widths cannot be estimated at this time”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (4)
RHM10-001Red Hill · goldGrade: 0.546Grade Unit: g Au/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- RHM10-001
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- NUG
Geometry
- Grade
- 0.546
- Grade Unit
- g Au/t
- Intercept
- 3 m
- From
- 670 m
- To
- 680 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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: Low grade gold intercept confirming geophysical anomaly.
Negative factors
- low grade
Evidence · table
“0.546”
Context: 3
RHM10-001Red Hill · goldGrade: 0.622Grade Unit: g Au/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- RHM10-001
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- NUG
Geometry
- Grade
- 0.622
- Grade Unit
- g Au/t
- Intercept
- 1.5 m
- From
- 675 m
- To
- 680 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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: High-grade sub-interval within RHM10-001.
Negative factors
- narrow width
Evidence · table
“0.622”
Context: 1.5
RHM10-002Red Hill · goldGrade: 0.409Grade Unit: g Au/tIntercept: 9.1 mView all detailsHide details
Identity
- Hole ID
- RHM10-002
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- NUG
Geometry
- Grade
- 0.409
- Grade Unit
- g Au/t
- Intercept
- 9.1 m
- From
- 970 m
- To
- 1000 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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: Low grade gold intercept confirming geophysical anomaly.
Negative factors
- low grade
Evidence · table
“0.409”
Context: 9.1
RHM10-002Red Hill · goldGrade: 0.702Grade Unit: g Au/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- RHM10-002
- Project
- Red Hill
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- NUG
Geometry
- Grade
- 0.702
- Grade Unit
- g Au/t
- Intercept
- 1.5 m
- From
- 995 m
- To
- 1000 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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2011-01-13T00:00:00.000Z
Reasoning: High-grade sub-interval within RHM10-002.
Negative factors
- narrow width
Evidence · table
“0.702”
Context: 1.5
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.