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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Eagle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2018: Victoria Gold Corp. announces a Resource Estimation report for its Eagle deposit at the Eagle project. Updated mineral resource estimate at the project. TORONTO, Dec. 05, 2018 -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is | |
| Resources: | (Resource, M+I): 198Mt @ 0.639g/t Au for 4.082Moz Au contained | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | TORONTO, Dec. 05, 2018 -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to report an update of the Eagle Mineral Resource undertaken by the Company with the assistance of Independent QP, Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc. The Resource update results in a 12.4% increase in Measured and Indicated (“M+I”) gold ounces as well as a 2.4% increase in gold grade. This Resource update includes all Eagle and Eagle proximal drilling completed post the 2016 Feasibility Study (“FS”), 58 new diamond drill, core holes. This first principles re-estimation of the Eagle gold domain and grade validates the Eagle model and results in increased gold grade, tonnage and total gold ounces. The Resource increased 450,000 oz Au in the M+I categories. Importantly, gold grade remains consistent with the 2016 Resource Estimate published in the FS. John McConnell, President & CEO stated, “The additional drilling at Eagle has converted Inferred oz to Indicated oz, increased overall Measured and Indicated oz and maintained grade, which resulted in an additional 450,000 ounces gold before mining has begun. | |
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