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 > Could get interesting

<< Previous

Bullboard Posts

Next >>

Comment by MVargason May 26, 2023 2:15am

146 Views

Post# 35465211

RE:RE:Could get interesting

BYN needs to do a lot more drilling just to convert inferred ounces to M&I resources and until that happens they can't even do a PEA much less a pre-feasibility study.

It took Victoria 9 years to go from a pre-feasibility study to first pour. Permitting is more onerous now too with Federal environment assessments.

In today's dollars, it would cost almost a billion dollars to build Victoria. How much would it cost to build a BYN mine in 5 years?

VG has its own $265 million in debt and the cost of servicing the debt has jumped in the past year. If all goes well, it will take until 2025 to pay it off. That has to be their sole focus.

<< Previous

Bullboard Posts

Next >>

The top 10 artificial intelligence penny stocks