Triple-listed OceanaGold on Thursday continued its foray into US-based gold projects after it agreed to take a 19.9% stake in TSX-V-listed explorer NuLegacy Gold, which held the Nevada-based Iceberg gold deposit where it had established an exploration target of 90-million to 110-million tonnes grading between 0.9 g/t and 1.1 g/t gold.
OceanaGold, which has stock quoted on the TSX, the ASX and the NZX, would buy 47.66-million common shares of NuLegacy at a price of C$0.14 apiece, for gross proceeds of C$6.67-million.
