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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Olive-Shamrock | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: Victoria Gold Corp. announces an Exploration/Drilling Update report for its Olive-Shamrock deposit at the Eagle project. Drilling results incl. 70.1m @ 0.70g/t Au from 86.9m. Toronto, ON / November 22, 2016 / Victoria Gold Corp. (TSX.V-VIT) “V | |
| 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 / November 22, 2016 / Victoria Gold Corp. (TSX.V-VIT) “Victoria” or the “Company” is pleased to report on its 2016 Phase 2 exploration drill program. The Phase 2 program was designed to test for extensions to the mineralized zone at the Olive-Shamrock Deposit, which was recently incorporated into the Feasibility Study on the Company’s flagship Eagle Gold Project, Yukon (see press releases dated September 12, 2016 and October 27, 2016). John McConnell, Present & CEO, commented, "The recent Eagle Feasibility Study proved the accretive value of the Olive-Shamrock Deposit when included in the Eagle mine plan. These latest results demonstrate the potential growth of the Olive-Shamrock Deposit. With our recent capital raise of $4.7M, we now have greater than $6M earmarked for exploration in 2017 and plan to continue to drill Olive-Shamrock while also testing new targets along the developing Potato Hills Trend, which includes; Steiner, Nugget, Rex-Peso, and Falcon targets, amongst others.” | |
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