Victoria Gold’s Eagle Deposit In my opinion what Snowline Gold has just at the Valley discovery will be much larger and better grade than that of the Eagle mine (see below for details) owned and operated by Victoria Gold. VGCX has a market cap of around $700 million.
Details on Victoria's Eagle mine below
The property covers an area of approximately 555 square kilometres, and is the site of the company's Eagle and Olive gold deposits. The company issued a National Instrument 43-101 technical report for the Eagle gold mine dated Dec. 3, 2019. Since the date of the 2019 Eagle technical report, the company has produced gold from its Eagle mine. Based on the 2019 Eagle technical report and after adjusting for depletion through Dec. 31, 2021, the Eagle and Olive deposits include proven and probable reserves of 2.7 million ounces of gold from 133 million tonnes of ore with a grade of 0.64 gram of gold per tonne. Based on the 2019 Eagle technical report and after adjusting for depletion through Dec. 31, 2021, the mineral resource for the Eagle and Olive deposits has been estimated to host 207 million tonnes averaging 0.63 gram of gold per tonne, containing 4.2 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves, and a further 28 million tonnes averaging 0.61 gram of gold per tonne, containing 600,000 ounces of gold in the inferred category.