Eagle Gold Mine: The Second Yukon Gold Rush
The second Yukon Gold Rush has started. Canada’s next gold mine is on schedule to start production in 2019. When in operation, Victoria Gold’s Eagle Mine will produce two hundred thousand ounces of gold annually and have close to four hundred employees, making it the largest gold mine in Yukon history.
Victoria Gold Corp. is a leading gold exploration and development company. The Company’s Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold (123Mt @ 0.67 g/t). The Eagle Gold Project is currently under construction and when in production will produce ~200,000 ounces of gold annually at an operation cost of approximately $550 per ounce. The Project is permitted for construction and operations. Victoria’s shareholders are well positioned to participate in a highly leveraged gold play and construction of the largest gold mine in Yukon History.
Victoria Gold holds a strong cash position which enables the Company to advance Eagle development on a value add basis as we continue construction and near operations.
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