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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 > Whitehorse Star Interview with McConnell
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Post by MVargason Sep 28, 2023 11:13pm
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Post# 35660860

Whitehorse Star Interview with McConnell

Whitehorse Star Interview with McConnellAccording to JM, as quoted in the Tuesday edition of the Whitehorse Star, it will take an another 3 years to get approvals for the Brewary Creek project.

https://www.whitehorsestar.com/News/victoria-gold-corp-purchases-several-properties

He also said that Victoria produces roughly 180,000 oz/year.  They haven't produced close to that number yet so maybe he means this year?

Re Q3 of 2021 production, that was an off-quarter due to a substantial quantity of ROM ore (uncrushed ore) placed on the HLP during that quarter.  That was done to impress the particiapants at the Denver Gold Forum in Sept 2021, but gold recoveries suffer from putting uncrushed ore on the pad and they discontinued that practice.  So I wouldn't be using it as a benchmark for this quarter.  I'm expecting something in the 42k - 45k range.

45k in Q3 and 50k in Q4 would get us close to the 180k mark for 2023.

This is what JM had to say at this year's Denver Gold Forum:

"I'm feeling really good about how the mine is running right now. We're hitting our budgets and all of our targets"

The current Mine Plan shows production of 180k oz in 2023 and 193k oz in 2024.

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