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 > DO NOT TOUCH THIS COMPANY VICTORIA GOLD

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Comment by EdwardBlakeon Jul 04, 2024 11:48am

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Post# 36118202

RE:DO NOT TOUCH THIS COMPANY VICTORIA GOLD

60PlusWhoCares wrote:
The Company advises that it has received Notices of Default from its lenders under the Credit Agreement dated December 18, 2020 (the "Credit Agreement").

Production remains suspended with previous 2024 production and cost guidance forecasts retracted.

In my opnion, the worst has been avoided and the mine is salvageable. It will be a patience play that will involve dilution, renogiating debt, selling a % of the mine or even a take over.

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