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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 > Artemis Phase 2 NPV released, can VGCX do the same.
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Comment by HoneyBadger77on Feb 28, 2024 12:28pm
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Post# 35904143

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artemis Phase 2 NPV released, can VGCX do the same.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artemis Phase 2 NPV released, can VGCX do the same.Thank-you for this DD (or is it DDD....Lol).  This is great info to help me better understand what's really happening on-site at Eagle and from someone who is obviously there and observing the day to day operations.  And thank-you for clarifying that VGCX management meeting their 200K production target isn't impossible!

A few questions for you if you don't mind:

1.)  Could they instead take 1 day off every two weeks for maintenance with very little additional risk to a potentional breakdown and who is actually setting the once a week maintenance schedule, Victoria management or the equipment manufacturer?

2.)  Is any of the crushed ore being trucked onto the HLP,  in addition to or as an alternative to using the HLF spreaders during maintenance periods to increase / maximize ore stacking on the HLP?

3.)  You say you lost 30 days of crushing due to mechanical problems or other stupidy.  Can you better describe the mechanical problem and stupidity?  Are the mechanical problems preventable and is the stupidity being effectively dealt with by VGCX management?

4.)  Is the low ore grade (0.8ppm to 0.6ppm) perhaps the result of some ROM (Run of Mine) ore getting in the mix or why do you think this is occurring?

5.)  Any lastly, if you were put fully incharge of Operations, what would you do to fix all this to get production much closer to the 200K ounces target?

One thing I've learned about managing is if you really want to know what's going on or fix a problem, you need to ask and work directly with the boots on the ground!  Most problems are solveable if you put enough heads together and I suspect this is no different. They're not building rocket engines here!

Thanks again for your insight DD (or DDD), I'm really looking forward to your reply as I'm sure others on this board are as well.

HB77


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