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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

Comment by HoneyBadger77on Aug 09, 2024 11:21am
87 Views
Post# 36171431

RE:RE:Are the goverment and the company dropping the ball

RE:RE:Are the goverment and the company dropping the ballThe Yukon Government has dropped the ball so many times they aren't even sure where the ball is anymore,

Excerpts from the article:

The premier recalled the industry’s repetitive pattern of this behaviour dating back to the 1970s.

We have seen this play out first hand here in the territory, far too many times.  We saw it at Clinton Creek and in Faro. We saw it at the Wolverine Mine, and more recently with Minto Metals. We saw it at Mount Nansen. We saw it at Wellgreen and Venus Mine.
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So let's see, the Yukon Government who is responsible for the review, build approval, legislation, oversight and enforcement of all things mining in the Yukon is still clueless as to how to largely mitigate and effectively manage such events after 54 years which by their own admission dates back to the 1970.  Wow,  an impressive track record indeed! 

And yet each time this happens, and there's plenty of examples, the YTG again proves their inability, or more like their incompetence, in effectively managing these events and bringing all parties together to resolve the issue.  Then when such events occur has the adacity to blame the mining companies and saying they just pack up and leave at the first sign of financial loss?  Do you blame them when they're dealing with this level of incompetence?

Well YTG, news flash for you....this is your big chance to show you have finally learned something these past 54 years and are actually capable of managing such events by bringing the FNs, EMR, and the company to the table and working together to resolve this and actually encourage and make the company to stick around, clean up the mess, and even pay for it yet.  Nope, that just makes too much sense.  They'd rather close another mine AGAIN, let local contractors lose millions of dollars, lose the employment and economic benefits and let the Yukoners pay for it all instead of holding the company accountable (if they even are as is yet to be proven).

I am anxiously awaiting the results from the independent 3rd part review into this incident, which is going to be a key turning point one way or the other, because unless it prove gross negligence on the part of VG, the YTG, EMR, FNs, and Yukoner best start working with the company or get their Big Boy checkbooks out because if they try to force VG out they are going to see one heck of a civil lawsuit, and I'm talking in the billions!  VG isn't just going to walk away from this without a fight and from where I sit, looking at YTG's history and after 54 years still haven't got their act together (by their own public admission yet), they best avoid a civil suit on this matter because if their track record doesn't show gross negligence then I'm not sure what does.

My opinion only, please DYODD.

HB77

 

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