Victoria Gold Corp T.VGCX

Alternate Symbol(s): 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

Bullboard Posts

Comment by yoyoyo9992on Mar 09, 2010 10:36pm

554 Views

Post# 16863723

RE: NEWS

Awesome. 1.7 million of the 2.7 million ounce resource converted to reserves, and obviously the lawyers won't let them disclose the rest of the resource in this PFE PR, per the quote:

the reserve is only a portion of the known unconstrained gold resource and at a higher gold price additional resources may convert to reserves, extending the mine life and/or permit a higher production rate."

I'm sure they'll disclose what the total resource is in the conf call.

Huge IRR rates on this project; 30% on $1,100 gold.

Great report.

yoyo

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