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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 SWHuskyon Aug 14, 2024 5:16pm
440 Views
Post# 36179324

Have you wondered where the total reclaimation cost of 104m$

Have you wondered where the total reclaimation cost of 104m$itemized came from?

"The security determination is based on the closure-related risks and liabilities of the Mine, and ultimately,
the costs that would be incurred by the Government of Yukon if it was required to reclaim the site."

"
Having completed the assessment of security required for the Eagle Gold Mine, MRS, on behalf of the
Government of Yukon, has determined that $103,741,940 is required to be furnished to cover the costs
that would be incurred by the Government of Yukon if it was required to reclaim the site"


Signed off Jan 2024

https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/eagle-gold/emr-mml-eg-security-determination-reasons-for-decision-2024.pdf

imo
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