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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 NickelOneon Nov 02, 2019 2:33pm
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Post# 30301216

RE:RE:RE:Thoughts on early Mayo cold snap? My guess is it's

RE:RE:RE:Thoughts on early Mayo cold snap? My guess is it's
PulpCutter wrote:

Curious what your numbers are, behind your calculation that  "no way they are pushing 2k/oz week"?

Leech dynamics have 80% reporting in 45 days (43-101, backed by McConnell's recent Denver comments). 

As of the Oct 9 press report, 1.1M T of ore had been stacked on the pad, and stacking has continued at 35k tonne/day. 

The mine plan has the early ore less-rich than steady-state, starting at 0.49 g/t and ending the first year at 0.75 g/t, so for calculations assume 0.5 g/t.   

Lowest I can come up with is 1500 oz/day, and that ignores anything stacked after 10/9.  Where do you get "no way they are pushing 2000/day"?
 



Some of the ore they put on the pad this year is low grade ROM ore - the recoveries for the ROM ore are a big unknown at this time (definitely lower than the 6.3 mm crushed ore). I would be very, very pleased to see gold pours north of 2,000 oz/week. I estimate they will reach 2,700 oz/week for year one (based on their projections), but they are far from steady state commercial production. I am open and hopeful on positive news, but I have to be conservative, based on experience. 

I guess we will find out soon, eh? 





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