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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 NickelOneon May 15, 2019 11:10pm
163 Views
Post# 29750859

RE:CEO answers Nickel

RE:CEO answers Nickel
phoenix_trader wrote:
Eagle Construction - Tertiary Screen Feed Chutes Installed
Twitter last night.



I recommend you watch the newest VIT video, at 2:01' mark - there are three chutes which are supposed to take the ore crushed by the primary crusher and direct it to the three conveyors feeding the crushing legs downstream (secondary screens, secondary crushers, tertiary screens and tertiary crushers). 

At this point in time the crushed ore cannot get to any of the crushing legs accounting for 75% of crushing capacity.

The tertiary screen feed chutes you are mentioning about mean nothing more than a piece of IKEA furniture to me at this point, as they cannot be used for production purposes until many more millions of dollars are spent.... 

Watch the same video at 1:48' mark and you will see the secondary feed conveyor installed on the side of the secondary/tertiary crushing building. This is what VIT will be using to get the ore flowing to the leach pad at a very low tonnage, but enough to keep their "first gold pour" promise.

The primary crusher can crush at high tonnage, but the secondary/tertiary crushers fed by the secondary feed conveyor have very low capacity when compared to primary crusher. This means stockpiling and re-handling, which equals higher costs...

I am not impressed. Re-visiting 40c/share soon...



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