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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato Hills, Eagle West, Falcon, as well as other targets. The Dublin Gulch Project is situated in central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers, is accessible by road year-round and is powered by the Yukon energy grid. The Eagle and Olive deposits include probable reserves of approximately 3.3 million ounces of gold from 155 million tons of ore with a grade of 0.65 grams of gold per ton. It also holds Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.


TSX:VGCX - Post by User

Bullboard Posts
Comment by momyoon Feb 12, 2013 5:00pm
233 Views
Post# 20977216

RE: RE: RE: RE: RE: RE: RE: RE: RE: Victoria Gold

RE: RE: RE: RE: RE: RE: RE: RE: RE: Victoria Gold

I don't think any project has been stopped after a positive screening recommendation.

Hrattle - Carmacks Copper (at the time a project owned by Western Copper, now owned by Copper North) was cleared by YESAB, but failed at the water license stage. See Yukon News article for some background:

https://www.yukon-news.com/business/26538/

As per VIT website, after YESAB green lights the Eagle project, VIT then applies to the Yukon Government for a Quartz Mining Licence and the Yukon Water Board for a Water LIcence.  The Quartz licence will be a slam dunk.  The Water Licence is more involved and takes more time.  While the Water Licence will not be as much of a sure thing as the Quartz Licence, Eagle Gold is not Carmacks Copper (different, less risky leaching technology for gold versus copper, and VIT has done its homework with First Nations).  The Water Licence should be granted.  Though there could be unforeseen delays and issues, you never know.

 

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