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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Dublin Gulch | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Victoria Gold Corp. announces an Exploration/Drilling Update report for its Dublin Gulch deposit at the Eagle project. Drilling results incl. 423m @ 0.59g/t Au from 221.0m. Toronto, ON / October 10, 2017 / Victoria Gold Corp. (TSX.V-VIT) (“Vic | |
| Resources: | (Reserve, P+P): 123Mt @ 0.67g/t Au for 2.7Moz Au contained at Eagle Gold Mine | |
| CP/QP: | [Overall Report]: Paul D. Gray (Not stated) | |
| ABSTRACT: | Toronto, ON / October 10, 2017 / Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of assays from the first of four drillholes that targeted previously untested areas adjacent to and below the 2016 Eagle Gold Mine Updated Feasibility Study pit boundary, the Eagle Deep target. These four holes were drilled to demonstrate the upside mineralization potential of the Eagle Gold Mine by highlighting the consistency of the gold mineralization beyond the currently envisioned pit walls and was executed as part of the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. John McConnell, President and CEO of Victoria commented “We have long emphasized our interpretation that additional gold mineralization continues beyond the currently envisioned pit walls, particularly to depth, and we believe that as the Eagle Gold Mine production matures, these areas may play an important role in extending mine life beyond the planned 10 years outlined in the Feasibility Study. Eagle enjoys a higher grade and lower strip ratio than many comparable heap leach mines in operation and there is reason to anticipate a longer mine life particularly given the observed higher grade intervals at depth.” Eagle Deep is an extension of the Eagle Zone mineralization which is comprised of sub-parallel extensional quartz veins that are best-developed within the granodiorite proximal to both the hangingwall and footwall intrusive-metasediment contacts. The veins are also well developed within embayments and narrow portions of the stock. | |
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