Over 200K Ounces of Gold per Year at Eagle Gold Mine
Victoria Gold Corp. is a leading gold exploration and development company, that is developing the Eagle Gold Mine, soon to be Canada’s next gold mine up in the Yukon. Eagle’s new development in the Yukon in production will produce 200,000 ounces of gold per year. First pour will be about a year from now or summer or fall of 2019.Victoria Gold is on track to uncovering a significant reserves, perhaps something even larger than expected with an extended production life.
Resource at Eagle is currently just over 2 million ounces. The project is expected to recover around seven million ounces in the future. Victoria Gold’s CEO John McConnell expects the company to mine at the Eagle Project the next 20 to 30 years.
Increasing Man Power
Construction is well underway with a big focus on Earthworks. That means more manpower needed for the job. Currently, Victoria has few employees but have a number of contractors. They are planning to add about 50 people every two weeks. They will be working a rotational shift so roughly 200 on site at any one time.
Big Production – Big Machines
Victoria had two shovels delivered and recently assembled. They are Caterpillar 60 40 shovels, nicknamed them Beauty and the Beast. They use engines of approximately 2000 horsepower. They move about 40 tons of material with each scoop. The company also has 11 trucks. There’s 785 there are 150 ton trucks that are currently being assembled on site.
Even with challenging weather conditions this year during construction, the bulk of the earthwork has been completed. Victoria Gold has started pouring concrete and erecting steel for the next phase of their project.
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