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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Dublin Gulch | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2018: Victoria Gold Corp. announces an Exploration/Drilling Update report for its Dublin Gulch deposit at the Eagle project. Drilling results incl. 204.2m @ 0.32g/t Au, 1.44g/t Ag from 3.4m. TORONTO, Dec. 03, 2018 -- Victoria Gold Corp. (TSX.V-VIT) ( | |
| Resources: | (Reserve, P+P): 123Mt @ 0.67g/t Au for 2.7Moz Au contained at Eagle Gold Mine | |
| CP/QP: | [Overall Report]: Paul Gray (Not stated) | |
| ABSTRACT: | TORONTO, Dec. 03, 2018 -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to report the assay results from the first hole received from the Nugget Zone tested during the 2018 Dublin Gulch exploration program. The newly discovered Raven Target was the prime focus of Nugget Zone exploration representing the previously un-tested southeastern contact margin of the Nugget intrusive stock. The Nugget Intrusive Stock is a highly prospective area representing the second largest known cretaceous intrusive body on the Dublin Gulch property (after the Dublin Gulch stock that hosts the Eagle Gold Deposit). The Nugget Zone is the latest target along the growing Potato Hills Trend. Highlighted results from the first Raven Target drillhole, NG18-006C include: • 101.5m of 0.57 g/t Au from 3.4 m • including 33.0m of 1.03 g/t Au from 61.8m • With 10.1m of 2.79 g/t Au from 61.8m "Victoria remains focused on Eagle Gold Mine construction, however the Company believes the prospective nature of the greater Dublin Gulch claim Block will ultimately develop into a truly rare gold camp along the Potato Hills Trend through continued exploration efforts.” stated John McConnell, President & CEO. “In total, eight drillholes were collared in the Nugget Zone this year, with three at the newly discovered Raven Target. To produce this tenor of mineralization from a first-pass drill program is truly impressive and a testament to both the mineral endowment of Dublin Gulch and the validity of the Potato Hills Trend model. This is an exciting time for the Company and its shareholders, as Yukon’s next operating mine comes into production in 2019, and we intend to continue to demonstrate that Dublin Gulch has much more to offer beyond the Eagle Gold Deposit.” | |
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