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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 16, 2024 12:50pm
109 Views
Post# 36182888

If the HLP was moving since Jan 2023

If the HLP was moving since Jan 2023Only read if you interested in the HLP "Loss of Containment". 

I personally feel that JM and Co. did not want to drag this out over the next 10+/-  years, fighting with what has become a Made In The Yukon issue. 

In fact now that VG is in receivership exactly how much of an in depth study (post-mortem)  can be expected to determine who is culpable, who did what where when.  Well maybe NONE?

The actual people who know what happened are going whew and high fiving? 

Would JM and Co. have some indication (if not the full report) by 3rd party investigators by now, my guess is yes.  My guess this report would not have been pretty.  Don't forget Hatch and JDS are not exactly small players in the space.

Had YTG not forced receivership where would this have lead?  YTG and FN where also active in the mines ongoing work.

It's not about the "loss of containment"...

There have been much worse mining situations in The Yukon where stakeholders (shareholders were left with the bag) just walked away and left the YT and then got the Feds to pay for repair, maintain and observe into time unknown.

A while back I mentioned inSAR and a company in the US (New Mexico?) that has the capability of rolling up the specific ground based data in real time to see if ground movement was occuring  Turns out there is a posting on LinkedIn that has some inSAR data graphed and looks like movement since Jan 23.

If correct let's think on that for a moment.  There where daily, weekly, monthly, annual inpections and reports since then.  Nothing was picked up???

https://www.linkedin.com/posts/suat-coskun-4198aa20b_mine-ilic-landslide-activity-7211983717806854145-G3ft


In September, 2023, Allnorth Consultants issued the Annual Physical Stability Assessment Report, this was a boots on the ground visual.

"
VGC representatives have noted that they have surveys and monitoring programs for infrastructure where a risk of failure would have significant consequences (i.e. the Open Pit, Platinum Gulch Dump,
HLF) but review of that survey data was not included as a part of this inspection. Comparisons to inspection reports from previous years have been noted where relevant"

https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/eagle-gold/emr-mml-eg-annual-physical-inspection-2022.pdf

Then we have the Annual Combined Report;

Section 4 physical monitoring in the following link is interesting.and that this had changed

"
In 2023, construction of Phase 2 of the HLF was completed to support the commenced of stacking into Phase 2"

https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/eagle-gold/2023%20Annual%20Report%20Combined.pdf


in my opinion only
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