Victoria Gold Corp T.VGCX

Primary Symbol: VITFF

Metals & Mining Gold

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.

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Victoria Gold Corp > $7 mill Santa Fe property sold to Lahontan.

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Comment by phoenix_traderon Feb 01, 2021 12:13pm

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Post# 32437044

RE:RE:$7 mill Santa Fe property sold to Lahontan.

And Victoria Gold says this about Santa Fe right now.

SANTA FE, NEVADA

The Santa Fe Project is located within the Walker Lane physiographic province in Southwestern Nevada, approximately 10 km northeast of the town of Luning, Nevada. Walker Lane is considered one of the prime exploration terrains in Nevada and is host to over 45 million ounces of gold and 436 million ounces of silver. Large mineral deposits such as the Comstock Lode, Bullfrog, Rawhide, Goldfield, Tonopah and Paradise Peak are located within Walker Lane. The Santa Fe property covers an area of approximately 26 km2 and is 100% owned by Gateway Gold Corp, a wholly owned subsidiary of Victoria Gold Corp.

BACKGROUND

The Santa Fe property is 100% owned by Gateway Gold Corp., a wholly owned subsidiary of Victoria Gold Corp.

Over 1,000 historical holes were drilled on or proximal to the current property from previous operators that include Homestake Mining Company. Historical activity commenced in the area during the early 1970s and previous operators focused on near surface oxide ore which were eventually mined within the existing Santa Fe, Calvada, Slab and York open pits.

The Santa Fe deposit was discovered by Westley Exploration in the late 1970’s and mined by Corona Gold in the late 1980’s and early 1990’s. In excess of 350,000 ounces of gold and 700,000 ounces of silver were recovered before closure was initiated in 1994. Ore was mined by open pit methods and the gold was recovered by heap leaching the oxide ore. Based on information received from Homestake, a “500 x 500 foot high grade sulphide pipe” crops out in the south end of the Santa Fe pit. Although Homestake drilled over 30 holes into the pipe, it was never mined or drilled out in detail. Half of the holes drilled into the pipe by Homestake bottomed in significant gold mineralization. Hole BSF74-14, starting at surface on the south edge of the pit, intersected 240 feet averaging 2.88 g/t (0.084 opt) gold and 25.4 g/t (0.74 opt) silver including 90 feet averaging 4.66 g/t gold (0.136 opt) and 36.7 g/t (1.07 opt) silver. A second high-grade zone occurs below the north central part of the pit where Hole CSF89-19 intercepted 55 feet grading 3.98 g/t (0.116 opt) gold and 6.38 g/t (0.186 opt) silver including 25 feet that averages 7.99 g/t (0.233 opt) gold and 8.47 g/t (0.247 opt) silver. Previous drilling did not define the full extent of mineralization, which remains open for expansion.

Victoria drilled 12 diamond core holes on the property from August 2009 to August 2010. The majority of the holes targeted sulfide rich mineralization present in a steeply dipping post-mineral fault zone (BH Zone) located near the southeast end of the existing open pit. Drilling did not define the full extent of mineralization, which remains open for expansion.