Victoria Gold Corp. Progress Report.
More progress at Victoria Gold’s Eagle Gold Mine.
Victoria Gold Corp. is a leading gold exploration and development company.
Besides, Victoria Gold holds a strong cash position. It enables the Company to advance Eagle development on a value add basis. We continue construction and near operations.
The Property covers an area of approximately 555 square kilometers. It is the site of the Company’s Eagle Gold Deposit. Moreover, the Eagle Gold Mine is under construction. It is expected to be Yukon’s next operating gold mine. Consequently, the Eagle and Olive deposits, include Proven and Probable Reserves. It is for 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne. It is outlined in a National Instrument 43-101 feasibility study.
However, the NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated. The estimation is to host 191 million tonnes averaging 0.65 grams of gold per tonne. It contains 4.0 million ounces of gold in the “Measured and Indicated” category. It is inclusive of Proven and Probable Reserves. A further 24 million tonnes averaging 0.61 grams of gold per tonne. It is containing 0.5 million ounces of gold in the “Inferred” category, finally.
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