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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Dublin Gulch | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2017: Victoria Gold Corp. announces an Exploration/Drilling Update report for its Dublin Gulch deposit at the Eagle project. Drilling results incl. 154.4m @ 0.34g/t Au, 0.63g/t Ag from 2.6m. Toronto, ON / July 24, 2017 / Victoria Gold Corp. (TSX.V-VI | |
| 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 / July 24, 2017 / Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. The results continue to demonstrate gold mineralization proximal to the Eagle Gold Deposit. Highlighted results from these 17 drillholes collared in the Eagle West Zone, immediately adjacent to the Eagle pit, include 31.5 metres of 0.99 g/t Au from 56.4 metres in hole DG17-809C, 35.3 metres of 1.03 g/t Au from 34.2 metres in hole DG17-821C, and 31.5 metres of 0.77 g/t Au from 7.6 metres in hole DG17-833C. At Eagle West, the target of this year’s exploration focus is an on-surface, gold mineralized granodiorite intrusive, akin to the Eagle Gold Deposit that had seen only limited testing in the past. "The Eagle West drilling this season clearly demonstrates that additional, near-Eagle gold mineralization exists at Dublin Gulch and underscores Victoria’s ability to continue to build out new gold resources within the shadows of the Eagle Gold Mine infrastructure,” commented John McConnell, President and CEO of Victoria. “With four diamond drills turning on the Property this season we are also beginning to unlock the extensive gold potential of Dublin Gulch through exploration of the >18km long Potato Hills Trend.” John McConnell continued, “Exploration at Eagle West is notable not only for a positive application of the mineralization model but also for its potential to be utilized as overliner material for the Eagle Gold Mine heap leach facility replacing barren rock that was assumed for the 2016 feasibility study. This mineralized overliner is expected to have a meaningfully positive impact on early stage cashflows.” | |
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