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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 27, 2024 6:50pm
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Post# 36284276

On the heels of all the great "YTG Gulch Lets Spend News".

On the heels of all the great "YTG Gulch Lets Spend News".Comes this.

Let's just have a nice deficit and blame it on the union, Minto Mine and the ever popular fires and health care.  Good grief why just not add some other great news that's possibly lurking around..

"A government statement says Yukon's financial position as of March 31, 2024, swung into deficit due to increased expenses such as remediation of the Minto Mine, and responding to floods and wildfires.

The statement also partially attributes the deficit to two other main reasons: support costs for delivering health-care services and more funding linked to the new collective agreement between Yukon and its employees' union.

Yukon's public accounts now show the territory's non-consolidated deficit for the 2023-2024 financial year at $42.7 million, with a net non-consolidated debt of $495.5 million, rising almost $121 million over the original main estimate."

A heavy number indeed for a very small population in a remote area.  No mention of the VG Eagle debacle.and how much the "total" spend $ will be.

PWC will come up with another tranche request  around the end of the month and YTG can then host another meeting to explain it all away.

Maybe First Nations cvomments on this incident is right,  the payment for current spending may affect generations in ways that are not evident yet?

We'll see...



https://www.cbc.ca/news/canada/north/yukon-budget-deficit-from-original-surplus-1.7363069



 

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