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.

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Victoria Gold Corp > Convertible Debt Presentation - German Gold Show

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Comment by MVargason Dec 29, 2023 9:01pm

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Post# 35804847

RE:RE:RE:RE:RE:RE:RE:RE:RE:Convertible Debt Presentation - German Gold Show

HB77, I think you are confusing Plant Recovery Rates with HLP recovery rates. The amount of gold that enters the cyanide laced gold solution recovered at the HLP stage is in the order of 76%. Plant recovery of 96% is probably the percentage of gold recovered from the solution at the gold recovery plant.

For the first 9 months of 2023 Victoria reported 6,929,257 tonnes stacked on the pad at a grade of 0.75 g/tonne.

At a recovery rate of 76%, that would produce:

6,929,257 x 0.75 g/t /31.1 g/oz x 76% = 126,999 oz.

Actual reported production = 124,749 oz. So using 76% for the balance of 2023 is not being conservative.

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