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Victoria Gold Corp VITFF

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

Post by HuskySWon Jul 13, 2024 9:56am
160 Views
Post# 36131478

The dozer operator states equipment broke main lines

The dozer operator states equipment broke main linesFrom Northern Miner

The Northern Miner has not verified any of this.

Caused by over-leaching

An investigation is ongoing to determine the accident’s cause and Victoria is cooperating with third party technical experts from the Yukon government and the First Nation of Na-Cho Nyk Dun, it said on Friday.

While the operator acknowledges he’s not an engineer, he believes the accident was caused by excessive leaching of the ore and improper maintenance of the leach pad. 

He claims that pipes carrying the cyanide-bearing solution throughout the pad would break and nobody fixed them. Cyanide is used to separate gold from ore.    

“There’s no doubt in my mind that they got broken underneath all the weight,” he said. “And then once you break that big line, it’s just massive amounts of cyanide that would go in there.”

About 4 million tonnes of ore, representing about 10% of the total on the pad moved during the accident, Victoria said. Of that, about 2 million tonnes moved beyond the pad’s embankment.

There are very good detailed records of how much fluid went  in and how much was withdrawn.  I'm sure that will be part of the investigation.

IMO

I can also say that as part of the investigation not just the operator(s) but also mine managment, stakeholders and involved professionals will be called in to comment.  The operators assertions of massive leaks on the main line are going to be reviewed and comments made as to the assertion the equipment causing the failure or if there was bad oversite or just a bad design.

My interest is the environement and can the mine be repaired (HLP).  I still stand with the fact thet there will be a report issued (as stated) that will speak towards a repair.  Also it is obvious that if the $ numbers don't work the mine will not re-open, it then becomes and investigative process (like many others) and goes into remediation and maintenance like many others.  I'm ot going to get into it but there are mines (yes here in the YUKON) that have gone into repair and maintenece for a long time and then re-opened because funds became available to clean up.

But the bashers and promo artists just want to play the penny games here. That said if you look at the daily  trades by the banks, investment houses and traders there doing the same thing.  Personally I don't care it's all gambling.  I also think some of the mose vocal here are the ones that lost a lot "gambling" on a dialy basis.

Now to all the retail investors in the mine (the majority share holders) and I have had stories of 100k dropping to 8k in the space of 1 trading day, these ppl are the real ones hurt.  If the lost is in a say TFSA it's the worst situation, no clain of loss.  If it's an open account at least the loss can be claimed.  I am not a US expert but imagine there s something along the same lines.



 
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