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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
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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 > Hibernation...again
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Comment by MVargason Apr 11, 2024 1:03pm
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Post# 35983675

RE:RE:RE:Hibernation...again

RE:RE:RE:Hibernation...againWhat you say is true, but I don't believe that management has made the decision to deepen the pit. 

I remember JM saying, maybe a year ago, that they would have to decide soon because they would have to start peeling back the pit walls.  With an already high AISC and high debt to be repaid, I think they recognized that it was not cost-effective at this time.

By the time they complete mining the planned Eagle pit, Raven should be able to provide much better economics than a deeper Eagle pit.
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