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 Greatdaysaheadon Jan 29, 2020 5:00am

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Post# 30612374

RE:RE:RE:RE:Investing.com shows VIT's next earnings date is Jan 17, 2020

Here below a link to an interviewer regarding Banyan in which VIT is mentionned.

The interviewer indicates that:
"Another important point to make is that there are two mines within 20 kilometers of this project, one owned by Victoria Gold and the other by Alexco Resources. Both of these companies also happen to be significant shareholders of Banyan Gold. Banyan is well positioned to benefit from the emergence of the Mayo Mining District as one of the best mining districts in Canada."

link:

https://energyandgold.com/2020/01/27/conversation-with-banyan-gold-ceo-tara-christie/

But I checked the last VIT FS and notes and can not find any mention of this potential investment of VIT in Banyan. I see some properties mentioned but nothing about a participation into Banyan.

As per Banyan presentation, VIT ownership is 7.2% so about 9.4M shares (@0.8CAD currently).
This is a sizeable amount in my opinion, worth taking into account.

link :
https://www.banyangold.com/site/assets/files/4592/200116_byn_summary_presentation.pdf

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