Mississauga, ON -- (SBWIRE) -- 11/25/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Gold Assays in from NuLegacy Iceberg Gold Project.”
Companies mentioned in this article include Newmont Mining (NYSE:NEM), Barrick Gold (TSX:ABX), Coral Gold Resources Corp. (TSX-Venture:CLH) and NuLegacy Gold Corp. (TSX-Venture:NUG) (OTCQX:NULGF).
Article Excerpt:
Gold mining in Nevada contributes the lion's share of U.S. production each year. The U.S. Geological Survey reported in August that 2.745 million troy ounces of gold were produced in the country from January through May, with 1.99 million troy ounces of that coming from Nevada. For comparison, Alaska produced 376,163 ounces and the combined states of Arizona, California, Idaho, Montana, New Mexico, South Dakota, Utah and Washington produced 382,593 ounces during the first five months of 2014. Although it may seem like ancient history to some, it was only about 50 years ago that Newmont Mining (NYSE:NEM) discovered the now famous low-grade gold deposit at Carlin that was followed by more companies heading to mine the "invisible" gold about a decade or so later as the price of gold increased. New deposits are still being discovered today, including Barrick Gold's (TSX:ABX) Goldrush, located near its Cortez mine in Nevada, as the only 10-million-plus ounce greenfield discovery by a major gold producer in the past five years.
Barrick has put a focus on developing the area, a move that led to Morgan Stanley's Brad Humphrey saying that in the longer term he sees Goldrush as the future of Barrick in Nevada. In March, Barrick signed an agreement with Coral Gold Resources Corp. (TSX-Venture:CLH) for a 75-percent stake in the Gold Ridge project along the Cortez trend and in February acquired a 70-percent stake in the Spring Valley project near its Goldstrike mine. Barrick has also teamed up with Reno-based NuLegacy Gold Corp. (TSX-Venture:NUG) (OTCQX:NULGF), inking an earn-in agreement in which NuLegacy is earning a 70-percent stake in what is dubbed the Iceberg gold deposit adjacent to Goldrush.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/464/gold-assays-in-from-nulegacy-iceberg-gold-project.htm
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