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 > An opportunity to get the answers you want

<< Previous

Bullboard Posts

Next >>

Comment by MVargason Jan 16, 2022 2:15am

222 Views

Post# 34321287

RE:RE:RE:An opportunity to get the answers you want

Research67 wrote:

It would be enough as my question was “prior to project 250’s completion”, The fines are expected to add 2M tonnes to the pad annually (see page 12 of the latest corporate presentation).
Using your math…
2,000,000 X 0.8gpt X 0.75 (recovery) / 31.1 g/oz = 38,585 oz’s
231k + 38.5K = 269.5k oz
Having said that, I don’t expect this kind of production anytime soon. Truthfully, question 1 was more about how much the system could be pushed to make up for unexpected production/mechanical delays. I have a mechanical background and find the entire production chain interesting, more out of curiosity than an investment level.

I fail to see how diverting the fines from undergoing tertiary crushing adds any additional tonnes to the HLP. The fines in the mined and crushed ore were always going to the HLP except now they will be screened out prior to going to the tertiary crusher.

The only way to increase tonnes to the HLP is to increase tonnes mined and crushed. I always thought this would be difficult to do with a primary crusher capacity of about 30,000 tpd or 2.7 million tonnes per quarter. But I must say "Good Catch" on picking up from the Corp. Presentation that the crusher that is in place at Eagle has a much higher capacity than that.

So, one may ask if the ore mined and crushed doesn't have this 30,000 tpd limitation, then why bother installing new mechanical processes to screen out the fines if this doesn't change the amount of ore delivered to the HLP? I've given this some considerable thought and I think that the reason is that the fines (especially wet material) is causing a bit of a bottleneck at the tertiary crusher. By diverting the fines prior to entering the tertiary crusher, this will increase the throughput through the system. Removing the capacity bottleneck will allow higher mining rates that can be accomodated by the higher capacity primary crusher and secondary crusher.

At the end of the day, asking questions and posting here and on CEO will likely have no affect on the SP, but may spark a converation that changes ones opinion on holding an equity, positively or negitively. For the most part, I enjoy these conversations and look for the positive gains in knowledge. You just never know who is going to say something that changes the way you look at things. Lots of times it comes from a place you never expected. #grow

Well said and I second that and thank-you for your contribution to the board.

All the Best, enjoy your weekends