Victoria Gold Corp VITFF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question asked if this will affect the Casino Mines approval

[HoneyBadger77]

And You (Swingandmiss) Said:  VG knows what they did or didn't do in regards to the accident. If they truly thought it was no fault of their own, wouldn't they be acting differently?


And I Say:  After today's company news release / update, if VG knew the slide event was their fault then why engage multiple 3rd party engineers?  Because they want to help EMR gather all the evidence they need to incriminate them?  I highly doubt it.

From the news statement:  "Investigations are underway to determine the cause of the incident. The Company has engaged with its engineer of record for the HLF and has retained multiple independent industry leading experts to conduct a Root Cause Analysis. In addition, the Company is cooperating with third-party technical experts retained by the Yukon Government and the FNNND.  

And You Said:  Wouldn't they be following all of the guidelines as they have been laid out instead of doing the bare minimum? The market is taking cues from them.

And I Say:  After reading today's news release does it really look like the company is doing the bare minimum?   No they've done a lot in 5 weeks considering I'd say.

• Conducted a seismic survey, the results from which will aid in the assessment of the integrity of the HLF embankment.

• Established additional geotechnical monitoring initiatives. ** There has been no significant material movement on the HLF since the initial HLF incident.

• Actively sampling water daily from multiple sample locations at the Eagle Mine.

• Within hours of the HLF incident a pumping system was established to return contact water to lined containment ponds.

• Collecting and storing groundwater in lined containment ponds.

• Completing the expedited construction of additional lined water storage on site. This additional storage will supplement pre-existing lined water storage capacity at Eagle.

• In consultation with independent third-party experts, has evaluated a number of water management strategies to minimize environmental impacts.

• Company and its third-party experts have determined that a modest irrigation strategy to the areas of the HLF that were not impacted by the HLF incident is a safe water management plan which will allow time for the Company to augment water treatment and discharge capacity at site and will avoid direct discharge of untreated water to the environment.

• Company has augmented its water treatment capacity on site. This includes the modification of piping, the addition of tankage and the procurement and installation of a Reverse Osmosis ("RO") plant which will be used as a final stage of water treatment.

• The existing infrastructure within the Mine Water Treatment Plant has been modified to allow inclusion of a breakpoint alkaline chlorination process for cyanide destruction and metals precipitation. This process utilizes sodium hypochlorite to oxidize cyanide with the resulting ammonia byproduct oxidized by chlorine to nitrogen gas.

• Company has successfully commissioned its augmented water treatment capacity and anticipates the commencement of treated water discharge in the coming days.

• Company has engaged with its engineer of record for the HLF and has retained multiple independent industry leading experts to conduct a Root Cause Analysis. In addition, the Company is cooperating with third-party technical experts retained by the Yukon Government and the FNNND.

Sure doesn't look like a bare minimum effort to me.  But hey if you listened to the news and EMR VG just wasn't doing enough, fast enough, and good enough.  Those statements are clearly political to appease those that prefer to see the company drawn and quartered for an 'Unlikely Event' of which the root cause has yet to be determined.  Yup, just you wait, fish are gonna die, moose are gonna stagger around and bark like dogs, it's a catastrophe don't you know.

One step at a time now until we get more facts.  The 3rd party investigative findings for Root Cause of this 'Unlikely Event' are going to be key as to how the company comes out of all this. I can wait. 

My opinion only, please DYODD.

HB77