Victoria Gold Corp Show Progress Report.
Victoria Gold Corp. is a leading gold exploration and development company.
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada. It is approximately 375 kilometers north of the capital city of Whitehorse.
In addition, approximately 85 kilometers from the town of Mayo. The Property is accessible by road year-round and is located within Yukon Energy’s electrical grid.
The Property covers an area of approximately 555 square kilometers and is the site of the Company’s Eagle Gold Deposit. The Eagle Gold Mine is under construction and is expected to be Yukon’s next operating gold mine.
Consequently, the Eagle and Olive deposits include Proven and Probable Reserves of 2.7 million ounces of gold. It is 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne. As well as, It is outlined in a National Instrument.
Furthermore, the NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated to cost 191 million tonnes. Further, it is averaging 0.65 grams of gold per tonne, containing 4.0 million ounces of gold in “Measured and Indicated” category.
Lastly, inclusive of Proven and Probable Reserves, a further 24 million tonnes is averaging 0.61 grams of gold per tonne. It is containing 0.5 million ounces of gold in the “Inferred” category.
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