Eagle Gold Mine: Big Gold Resource in the Yukon

Over 200K Ounces of Gold per Year at Eagle Gold Mine

Victoria Gold Corp. is a leading gold exploration and development company, developing the Eagle Gold Mine, soon to be Canada’s next gold mine up in the Yukon.

When in production, Eagle’s new development in the Yukon will produce 200,000 ounces of gold per year.

First pour will be about a year from now, Summer or Fall of 2019. The company is on track to uncovering significant reserves. Perhaps something even larger than expected with an extended production life.

Resource at Eagle is currently just over 2 million ounces. The company expects to recover around seven million ounces in the future, as the mine life is within 20 to 30 years.

Increasing Man Power

Construction is well underway with a big focus on Earthworks. That means they’ll need more manpower for the job. Currently, Victoria has few employees but has a number of contractors.

The company is planning to add about 50 people every two weeks, who will be working a rotational shift. As a result, roughly 200 people will be on site at any one time.

Big Production – Big Machines

Recently, Victoria received and assembled two shovels. They are Caterpillar 60 40 shovels, nicknamed Beauty and the Beast. They use engines of approximately 2000 horsepower, moving about 40 tons of material with each scoop.

The company also has eleven 785 trucks and there are 150 ton trucks currently being assembled on site.

Even with challenging weather conditions this year during construction, the company completed the bulk of the earthwork. Started pouring concrete and erecting steel for the next phase of the project.

For more information on Victoria Gold Corp. (VIT:TSX.V) please fill out the form below.

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