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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Eagle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2019: Victoria Gold Corp. announces a Feasibility Study report for its Eagle deposit at the Eagle project. Updated Feasibility study results and updated resource and reserve. TORONTO, Dec. 04, 2019 -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or th | |
| Resources: | (Reserve, P+P): 155Mt @ 0.65g/t Au for 3.261Moz Au contained | |
| CP/QP: | [Resources]: Anthony (Tony) George, Paul D. Gray (Not stated) | |
| ABSTRACT: | TORONTO, Dec. 04, 2019 -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is excited to announce a new Technical Report, prepared to a Feasibility Study level, for the Eagle Gold Mine. This release reflects Canadian currency unless noted otherwise. “The results of this updated Technical Report demonstrate the value and continual growth of the Eagle Gold Mine. Reserves have increased by over 20% from the drilling of 58 holes completed post-2016 Feasibility Study and we continue to see meaningful upside potential at the Eagle and Olive pits as well as across the Dublin Gulch property,” stated John McConnell, President & CEO. “I remind the reader that we continue to ramp up operations at the Eagle Gold Mine and anticipate commercial production achievement during the 2nd quarter, 2020.” The Eagle Mineral Resource update within an updated resource pit constraint resulted in a 21.1% increase in Measured and Indicated (“M+I”) gold ounces as well as a 0.6% increase in gold grade. This Resource update includes all Eagle and Eagle proximal drilling completed post the 2016 Feasibility Study (“FS”), 58 new core holes. | |
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