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 > Q4 2021 production was 49,497 ounces gold

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Comment by Research67on Jan 06, 2022 10:48pm

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Post# 34291611

RE:RE:RE:RE:RE:RE:RE:Q4 2021 production was 49,497 ounces gold

MVargas, My apologies, I have made an error. Foolishly I used 28.3495 grams in an ounce and not the correct 31.1035 grams in a troy ounce of gold. Here is the corrected information, which looks a little better.

In 2020, Victoria stacked 197148 ounces of gold and recovered 116644 OZ for 59.17%

In 2021, Victoria stacked 251418 ounces of gold and recovered 164222 OZ for 65.31%

The corrected recovery quarter over quarter as well…

2020Q1 24016 stacked 10544 recovered for 43.9%
2020Q2 62244 stacked 12352 recovered for 19.8%
2020Q3 51923 stacked 35312 recovered for 68%
2020Q4 59897 stacked 42436 recovered for 70.8%

2021Q1 25174 stacked 26759 recovered for 106.3%
2021Q2 62501 stacked 32140 recovered for 51.4%
2021Q3 95487 stacked 55827 recovered for 58.5%
2021Q4 66712 stacked 49497 recovered for 74.2%

The quarterly numbers don’t reconcile with the yearly numbers exactly because of missing decimal points in the stacked and grades. The yearly numbers are provided by Victory, so they are correct.

My formula for 2021Q4 2,500,000 tonnes X.83 g/t / 31.1035 = 66712 oz stacked (recoverable). 49497 X 100 / 66712=74.2% actual recovery.

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