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 powermanon Feb 18, 2019 3:45pm

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Post# 29379704

RE:Cost per tonne

200,000 oz /yr @ $1250 = $250,000,000 USD
191,000,000 tonne of measured and indicated ore or 9.5 mmt/yr over 20 years.
9.5/250 = $26 per tonne for all measured and indicated ore at Eagle & Oliver including 123m tonne of proven & probable.

or - 123,000,000 tonne of proven & probable ore @ 9 mmt/yr over 13.5 years
9/250 = $28 per tonne for proven & probable.

So @ .67 g/t (31.1 g/oz gold) = 46.5 tonne per oz of $1250 gold or $26.9 per tonne mined.

Using their published aisc number we make money. Using the tonnes per gold yield. not so good. DF

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