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Victoria Gold Corp 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.


GREY:VITFF - Post by User

Post by Research67on Jan 18, 2022 12:28pm
381 Views
Post# 34328999

Possible explanation for delayed assays??

Possible explanation for delayed assays??Here's a section of an article I found. 

Full article: 

https://www.miningnewsnorth.com/story/2022/01/07/in-depth/assays-are-still-pending-going-into-2022/7133.html

The unprecedented slow assay turnaround times of 2021, however, are not just relegated to junior companies hoping to have a story to tell when global mining conferences such as the AME Roundup in January and PDAC in March arrive. When the calendar flipped to 2022, Victoria Gold Corp., operator of the largest gold mine in the Yukon, had yet to release any results from an exploration program that got underway in late May.

"Delayed laboratory results are an annual challenge in our industry. However, this year has been much worse than usual," said Victoria Gold President and CEO John McConnell.

Now, with most companies still waiting on assays going into the new year, this extraordinarily long delay is threatening to create a domino effect that could weigh on the 2022 mineral exploration season across Alaska and northern Canada.

"Investors buy explorers for results. When those results are super slow, investors get impatient or even anxious – 'Is the delay because the hole was actually a dud?'" Gwen Preston, better known as the Resource Maven, penned in an article on slow assay turnaround times. "The market also knows that the longer it takes to get results from a hole in Yukon or Alaska or Northern BC, the less time the company will have to drill follow up holes into a discovery."


With Banyan's existance dependant on assay results, is it possible Victoria lowered the priority on their core samples at the assay lab, to support Banyan and perhaps other area explorers? Victoria is very profitable and not dependant on quick assay results, banyan is!

Victoria has the time to put together a resource together without the need for assay results in the market.

Hard to beleive Victoria has a boat full of duds with the exporation video posted on their website...

https://vgcx.com/development/eagle-gold-project/eagle-gold-videos/videos/2021-exploration-dublin-gulch-property/


Not saying this is the case, just a posibility. 
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