Victoria Gold Corp VITFF

Metals & Mining Gold

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.

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Victoria Gold Corp > John McConnell has been terminated by Victoria Gold

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Comment by mdjbrownon Aug 19, 2024 11:18pm

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RE:RE:RE:John McConnell has been terminated by Victoria Gold

Zibo, not sure its fair to suggest JM wiped out shareholder value when it was the YTG that forced VG into receivership.

If the $150 million get back to mining number is accurate, VG likely could have made it work with their cash on hand and bond with YTG. Not ideal, but much better than the hostile takeover that occured in record time.

Interesting how prior to the receivership the mine was done, mining was done on first nations land, etc, etc, but once YTG had control, Hey maybe this mine can be made whole, minus all the shareholders who paid to build the mine.

Talk about lessons learned Miners in Yukon Beware!

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