RE:RE:Lawsuit https://www.globenewswire.com/news-release/2023/04/10/2643583/0/en/Victoria-Gold-Filing-of-Updated-Technical-Report-for-the-Eagle-Gold-Mine.html | Source: Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as the “Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Victoria Gold Corp https://vgcx.com/site/assets/files/7042/vgcx-_2023_technical_report_update_nr_final.pdf Routan wrote: Not sure if this is accurate but I do not recall any mention of this before. It might be the reason for the lower first quarter production. Or was this the first sign of pad issues.
paragraph 6
Adding to the trouble, unbeknownst to investors, the company suffered a slope failure at the heap leach pad on Jan. 6, 2024, the suit states. On that date, 14,000 tonnes of crushed ore moved, causing damage to the heap leach pad's liner, according to the suit. The failure was caused in part by Victoria Gold's decision to stack more ore on the heap leach pad than permitted, Mr. van Santen says. The issue only came to light after the June 24 failure, the suit claims.