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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

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  • KenoHillYTX
Post by KenoHillYTon Oct 01, 2024 7:39pm
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Post# 36249323

Yukon minings expensive for taxpayers- An inconvenient truth

Yukon minings expensive for taxpayers- An inconvenient truthAnd the billions just keep pouring into the Yukon.... but perhaps not from where you think.  It's from the pockets of every Canadian Taxpayer.

"While the mining industry remains a significant contributor responsible for 13.5% of the territory's GDP, its growth has been limited by high energy costs and infrastructure constraints – issues the proposed grid expansion aims to address, potentially unlocking further growth in this vital sector.

However, mining alone cannot support the territory's financial needs, particularly given the fluctuating nature of mineral prices and the high operational costs associated with remote mining locations. This leaves Yukon heavily reliant on federal transfers to sustain its economy.

The federal government provides significant financial support through programs such as the Territorial Formula Financing (TFF), which ensures that the territory can maintain essential public services despite its small tax base."

In 2021-22, Yukon received approximately C$1.1 billion (US$816 million) in federal transfers – more than half of its total territorial budget – highlighting the territory's reliance on assistance from Ottawa for maintaining infrastructure, healthcare, education, and other critical services."

https://www.miningnewsnorth.com/story/2024/09/27/news/yukon-grid-project-may-spark-mining-growth/8722.html




 

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