Victoria Gold Corp 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

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Post by freedom045on Jan 14, 2010 12:15pm

593 Views

Post# 16678782

Re: Back in (Cove)

It is my belief that Newmont's back in clause will in no way hurt us, they will gain controlling interest (51%) but I think that the market has already 'priced it in' as the information has long been available. According to the clause Newmont will have to pony up 250% of the expenditures incurred on the property from the start (june 15 2006). We've spent $10MM on cove so far, that will mean Newmont will have to spend at least $25MM and we will just get to sit back and reap the rewards... let a major do all the work and spend all the money... hehe, got to like that!

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