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 SWHuskyon Aug 20, 2024 9:36am

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Post# 36187593

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

jbrown,

50m$ overnight
PWC overnight award - Not even a tender.
Parsons - In like Flinn

Parsons - we expect another 20 year and 2B$ for Faro.

https://www.parsons.com/2022/02/parsons-awarded-significant-contract-to-continue-managing-faro-mine-remediation/

Just wait till Parsons number comes out for Eagle ....

imo

mdjbrown wrote: givemeabreak you must be a politician as your numbers in my opinion are grossly over inflated.

As I stated in the comment - not the ideal situation but if there is a will between all parties, there would have been a way.

I can only assume there was a growing conflict between JM, YTG, and the FNNN in how the mitigation efforts were being handled, and it came to a head once the "berm" was not made a priority. As JM stated, it was not engineered and it was not safe. True or not we will never know but with this berm being YTGs hill to die on, I trust we will see pictures of its completion in a couple weeks given its environmental importance, although I highly doubt it.

As far as the mine goes, the majority of the mine remains intact so why would they spend hundreds of millions building a new mine. Obviously if they were neutralizing cyanide through their Gold Recovery processing, that important infrastructure is operational. Once leaching the HLF commences, its back to pouring gold bars.

We will have to agree to disagree that that this accident became more of a personality struggle than an operational one, which of course impeded mitigation timelines and here we are 2 months post slide with very little in the way of actionable updates in getting this mine back on track other than the company who built this mine being forced out.

Name one other instance where a company with $50 million in the bank, working on remediating an accident, $104 million bond, and they are kicked to the curb and forced into receivership in less than 8 weeks

Unheard of for any jurisdiction that hopes to continue with a mining friendly reputation

Tough to deny someones palms are getting greased big time to make this happen so quickly!