Date: January 6, 2021
Victoria Gold's Eagle Gold Mine achieved commercial production on July 1, 2020. Furthermore, the mine is expected to produce an average of 210,000 ounces of Au per year for over 10 years. This would make it the largest gold mine in Yukon history! Additionally, the deposit is open at depth and along strike. Exploration potential of the greater Dublin Gulch property is good and includes priority targets Olive-Shamrock, Bluto and Nugget-Raven.
The 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. Moreover, the property is accessible by road year round, and is located within Yukon Energy's electrical grid.
The Eagle Gold Project has an enviable combination of significant mineral endowment, a desirable location with existing infrastructure as well as a strong, experienced management team. Historically, the Yukon has been a productive region for gold and this property contains a constrained in-pit resource of Measured and Indicated Mineral Resource 3,6 million ounces of gold (180 million tonnes grading 0.63 g/t) with an industry low waste-to-ore ratio of < 1:1 and metallurgical characteristics favourable to lower-cost heap leach processing. The project also sits in a progressive mining friendly jurisdiction.
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