RE: RE: RE: VIT responds to YESAB
Victoria Gold Corp. (VIT) has reviewed the request for additional information for the proposed Eagle Gold Mine Project (the Project), issued by the Yukon Environmental and Socio-Economic Assessment Board (YESAB) on December 17, 2012 (December 2012 IR). VIT has prepared this letter in response to the information request and to clarify previously submitted information to enable the completion of the Final Screening Report by YESAB.
Based on VIT’s review, several key statements in the December 2012 IR appear to be taken out of context, which suggests that there may be some misunderstanding of the assumptions and operating parameters utilized by the heap leach facility (HLF) water balance model (WBM), the site water balance model (SWBM), and the proposed water management system. VIT recognizes the challenges with the review of numerous technical reports and recent responses to information requests. This letter seeks to provide clarification and synopsis of previously submitted information to enable a more efficient review of water balance modeling and solution storage capacity.