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 > ROE (last metric, I promise)

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Comment by Greatdaysaheadon Dec 24, 2021 11:54am

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Post# 34260984

RE:RE:RE:RE:ROE (last metric, I promise)

I guess you will have the explanation of this purchase in next Banyan FS/MDA..

Reading past years Banyan FS/MDA I note the following:

"In 2019, Banyan re-negotiated terms of the Aurex Option Agreement (the "Aurex Agreement") which allows the Company to earn up to a 100% interest in the Aurex Property from StrataGold Corporation, a 100% owned subsidiary of Victoria Gold Corp. (TSX-V: VIT), and the McQuesten Option Agreement (the “McQuesten Agreement”) to earn up to a 100% interest in the McQuesten Property from Alexco Resource Corporation (TSX: AXR), originally signed on May 24, 2017 (see news release of May 25, 2017). The addendum to both agreements allows Banyan the election to extend the timeframe to complete the first earn in (51% total interest) by up to three (3) years. The terms of both agreements beyond the First Option (51%) remain unchanged as in the news release of May 25, 2017 and give Banyan the election to form Joint Ventures with the Victoria Gold and Alexco at 51% and, also allow Banyan the election to earn 100% on both properties"

AND page 19:

Current Year Issuance of Shares for Property Options On December 16, 2019, the Company issued 750,000 Class A common shares to Victoria Gold Corp. at a deemed price of $0.07 per share for the third year option requirement on the Aurex Property
...
"Prior Year On December 24, 2018, the Company issued 750,000 Class A common shares to Victoria Gold Corp. at a deemed price of $0.05 per share for the second year option requirement on the Aurex Property."

page 21
"Issuance of Shares for Property Options On December 8, 2020, the Company issued 750,000 Class A common shares to Victoria Gold Corp. at a deemed price of $0.23 per share for the initial 51% earn-in on the Aurex Property.

On December 8, 2020, the Company issued 400,000 Class A common shares to Alexco Resource Corp. at a deemed price of $0.23 per share for the initial 51% earn-in on the McQuesten Property"

ref:
https://banyangold.com/site/assets/files/4697/2020-09_byn_f2020_mda.pdf

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