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 offshoreskeison Oct 30, 2012 10:17am

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Post# 20538681

RE: Why Canada new mines are not what lenders want

A new mine here with this extreme low grade deposit will cost multi billions of dollars to bring into production resulting in a negative cash flow at the production end for a decade or more at these current gold prices.

Not even the gold streamers touted on this message board would come near low grade VIT under $3000 per ounce gold.

None are looking for mega ounce undeveloped low grade deposits at these levels currently.

The big miners are currently shelving their mega ounce low grade deposits.

The dreamers can keep dreaming though.

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