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Victoria Gold Corp.
Summary
| Project: | Eagle | |
|---|---|---|
| Deposit: | Olive-Shamrock | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-6-2016: Victoria Gold Corp. announces an Exploration/Drilling Update report for its Olive-Shamrock deposit at the Eagle project. Drilling results incl. 167.5m @ 0.92g/t Au from 1.7m. Toronto, ON / June 28, 2016 / Victoria Gold Corp. (TSX.V-VIT) “Victor | |
| Resources: | (Reserve, Prob.): 92Mt @ 0.78g/t Au for 2.3Moz Au contained at Eagle | |
| CP/QP: | [Overall Report]: Paul D. Gray (Not stated) | |
| ABSTRACT: | Toronto, ON / June 28, 2016 / Victoria Gold Corp. (TSX.V-VIT) “Victoria” or the “Company” is pleased to announce the next set of diamond drilling results from the Olive Zone. These results will be included in a maiden Resource Estimate to be incorporated in the Updated Feasibility Study. Results from the Olive Zone trenching program and the adjacent Shamrock Zone diamond drilling program are still pending and are expected to be released over the coming month. Mr. John McConnell, President and CEO of Victoria commented; "It has been an exciting time to witness the strong Olive results unfold and prove out our exploration model. These results will now feed into the mine plan of the Updated Feasibility Study currently underway for Eagle.” 2016 Olive-Shamrock Zone Assay Results Gold assays from 65 of 89 diamond drill holes from the 2016 phase 1 program at OliveShamrock have been received to date. Previously released Olive results included 45.8m at 2.48 g/t and 46.7m at 1.45 g/t gold. The assay results for the 11 holes released herein included predominantly step out drilling along strike from Olive Main towards the Shamrock Zone. The Olive-Shamrock 2016 exploration program is designed to increase confidence in a potential gold resource estimate and expand the Olive-Shamrock Zone along strike and across the interpreted mineralization controlling structure. Currently, the Olive-Shamrock Zone has been tested over a strike length of 1.5 kilometres and approximately 300 metres in width, with the main focus of 2016 drilling concentrated within an area of approximately 500 metres by 300 metres. | |
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