Sep 17 2019
On September 17th, 2019, Victoria Gold Corp will be hosting its first gold pour, which will be live streamed, at 8:15 pm EDT on its website.
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The pouring of first gold at Eagle is an important milestone and we are thrilled to share it with everyone. Looking back, this is the culmination of many years of dedication and hard work by numerous stakeholders. Looking forward, this first gold pour is expected to be swiftly followed by positive cash flow and we intend to grow production and resulting cash flow into the future.
John McConnell, President and CEO, Victoria Gold Corp.
The company was happy to be featured on national TV on September 14th and 15th. BTV Business Television travels to Canada’s Yukon for a special episode on the flourishing mining community. PI Financial Corp’s Precious Metals Analyst, Chris Thompson offers his views on the enthusiasm surrounding Canada’s next gold mine.
About the Dublin Gulch Property
Victoria Gold’s wholly-owned Dublin Gulch gold property is located in central Yukon Territory, Canada, about 375 km north of the capital city of Whitehorse, and about 85 km from the town of Mayo. The property can be reached by road year-round, and is situated within the electrical grid of Yukon Energy.
The property spans an area of approximately 555 km2, and is the location of the company’s Eagle Gold Deposit. Construction is underway at the Eagle Gold Mine and is estimated to be Yukon’s next operating gold mine. In addition, the Eagle and Olive deposits include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tons of ore with a grade of 0.67 g of gold per ton, as charted in a National Instrument 43-101 feasibility study entitled Report for the Eagle Gold Project and dated October 26th, 2016.
The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been projected, as at December 5th, 2018, to contain 208 million tons averaging 0.66 g of gold per ton, comprising 4.4 million ounces of gold in the “Measured and Indicated” category, inclusive of Proven and Probable Reserves, and an additional 20 million tons averaging 0.64 g of gold per ton, comprising 0.4 million ounces of gold in the “Inferred” category.