RE: 2011 drill programI have just followed this stock fore a bit and did so based on listeningto a conversation in Vancover on the weekend about the how this area ofNevada is the real deal and all this company needs is a chance tosecure a good partner.
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I'm going to go in a round about way in sharing some information.
The following is one of my other Gold Exploration Investment, and they are about to bring on line one of their mine, and need to refine some issues in Nevada.
Take a peak at the number of claims and properties they have in Nevada alone ( look on the left hand side)
https://www.vitgoldcorp.com/index.cfm?pagepath=Projects&id=8131
Base on discoveries on the Cove property alone, Kinross Gold late 2008 took a major bite at Victoria and bought up ± 34% of the Company shares.
https://kinross.com/news-articles/2008/kinross-announces-investment-in-victoria-gold-corp-%281%29.aspx
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Newmont also has a piece of the action if they execute their buyin rights......
And I could go on and on about Vit.v and their Nevada property and how, without effort they got the partners lining up to take a piece of the action, once the RESERVES are proven!
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What's my point ?
Well it gives you an idea of Nevada per say, understand that a Partner will be a none issue to find once we prove the RESERVES, and last but not the least not only is Nevada a pretty nifty place to poke for Gold....let me show you who was the holder of the Toiyabe Claim and gave it up because it had way too much on its plate.
Quote:
Given the rapid increase in the number of gold properties in
XXXXXX asset portfolio over the past twelve months, certain Nevada explorationproperties have recently been rationalized as part of a rigorousproperty optimization program. This included dropping the Black Canyonand Toiyabe claims. The Relief Canyon claim block has been reduced aswell. On the other hand,
XXXXX continues to evaluate new higherquality projects in the region
Want to take a guess at who
XXXXX is ? Yip, you got it Victoria, small world ain't it !
https://www.resourceinvestor.com/News/2009/9/Pages/Victoria-updates-on-advancement-of-Cove-and-Eagle-gold-projects.aspx
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The guys need to drill, drill, drill and prove the reserve in a 43-101, and do a Pre- feasibility study that confirms that the findings are Commercially viable - when done buckle safety belt.
But, this is an Exploration play, no guarantees and it takes time.
They hit you're rich, they miss you're broke