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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 > LYNX EXPLORATION RESULTS, INCLUDING 2.0 G/T OVER 32 METERS
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Comment by MVargason Mar 01, 2022 1:18pm
173 Views
Post# 34471811

RE:RE:RE:RE:RE:RE:LYNX EXPLORATION RESULTS, INCLUDING 2.0 G/T OVER 32 METERS

RE:RE:RE:RE:RE:RE:LYNX EXPLORATION RESULTS, INCLUDING 2.0 G/T OVER 32 METERSVictoria opts not to fund 2022 Raven drilling out of cash flow, but instead resorts to more shareholder dilution.

Cash flow is available to fund Banyan though and takes priority over debt reduction.

Raven 2021 drill results were underwhelming compared to 2020 and earlier results but overall still far superior to Banyan.  the 2022 program has been reduced from 60,000 m to 25,000 m.

Lynx drill results much superior to Banyan so far.  More drilling should be planned.

This now clear that Victoria should only focus on its own properties.  An acquisition of Banyan would not even be a consideration if the two CEO's were not related.
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