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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Comment by RichyRich$on Apr 11, 2016 12:06pm

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Post# 24752017

RE:RE:RE:RE:RE:Profit Taking ...

Diakha is 1.1 Million ounces and still drilling the extension now. 3 Million ounces potential at 50/50 with IamGold and higher quality. Merrex also owns 100% of Karita which has 3 Million Ounce potential all along the same faultline. IamGold owns Boto a few kilometers north with 2 Million Ounces. So IamGold has incentive to buy it all out now and have one massive longterm project in close proximity pooling equipment and resources. Take a look at the B2Gold buyout of Papillion's Fekola mine just a few kilometers north along the same faultline. They paid $570 Million at an expected mine life of 9 years x 306,000 ounces per year. Only 2.8 Million Ounces of similar quality. Merrex has 1.1 Million with 6 million potential ounces and half of that 100% Merrex owned. Lets assume they only buyout the Diakha area and not Karita 100% Merrex owned. Drilling of the extension will soon show 1.5 Million ounces 50/50. If you use the cost per ounce of Fekola's sale, its $200 per ounce for a buyout. Buying 50% the Merrex owned 750,000 ounces x $200 = $150 Million buyout 182 Million shares outstanding = $.82 buyout. If you add in Karita 100% Merrex owned even though not drill proven yet, huge potential. Add that in a buyout and its worth easily $1.00 + per share. Plus a buyout could happen very soon.

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