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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Metals & Mining Gold
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

Victoria Gold Corp
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Comment by NickelOneon Mar 28, 2017 10:25pm
205 Views
Post# 26044217

RE:RE:VIT enters agreement to purchase iron

RE:RE:VIT enters agreement to purchase iron
OCB1234 wrote: "Through this agreement, we were able to secure more favourable pricing and terms than estimated in our recent Feasibility Study." I just compared the above statement with the Feas Study (below) and I don't see the cost savings McConnell refers to. What am I missing? https://www.vitgoldcorp.com/s/news_releases.asp?ReportID=764092



FS link: https://www.vitgoldcorp.com/i/pdf/reports/EG-NI%2043-101-oct-2016.pdf

See section 16.2.9.  VIT used Komatsu equipment in the FS. CAT came up as being a better choice from financial point of view (without negative impact on reliability or quality of the equipment). Better pricing terms from CAT is a win-win for both CAT and VIT.

Some great news so far this week, more to come...

Good luck to all!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities