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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

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.


TSX:VGCX - Post by User

Post by dbbclbon Nov 21, 2020 6:02pm
852 Views
Post# 31947744

Winter Drilling (2)

Winter Drilling (2)Still wondering why this team refuses to get involved in a winter drill program. We have targets at Raven that are clearly well positioned to develop significant deposits. Why are we waiting until probably Apr or May to start a program to prove it up and build S/H value into the price. By waiting, we once again will not have results until late summer. Last year we drilled a meagher 35 holes - at this rate we won't prove up the Raven resources for 2 more years. Drillers are independant contractors and usually welcome the work, especially in the year of Covid. It has little effect on the management nor the general operations people on site. Yet we chose to miss an opportunity that could significantly define the resource before we enter the spring program and firm up some positive estimates of the resource. It is not like management has to sit up on the rig while the drilling is going on. Funds are available based on 3rd quarter reports and we continue to sell product to bolster the bank account. What is the problem here!! 

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