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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.


GREY:VITFF - Post by User

Victoria Gold Corp
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Comment by ataguldon May 25, 2012 11:57am
373 Views
Post# 19946584

RE: RE: RE: Vit Value

RE: RE: RE: Vit Value

”The sale of the Mill Canyon property combined with the recent sales of the Relief Canyon and Cove properties is anticipated to provide aggregate consideration of approximately C$49,000,000 to be used for Eagle construction.”

 

49 million is not including currenct cash position, that amount only includes recent sales, not the $30 million (probabaly lower now depending on burn-rate). 

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