Victoria Gold Corp VITFF

Possible explanation for delayed assays??

[Research67]

Here's a section of an article I found. 

Full article: 

https://www.miningnewsnorth.com/story/2022/01/07/in-depth/assays-are-still-pending-going-into-2022/7133.html

The unprecedented slow assay turnaround times of 2021, however, are not just relegated to junior companies hoping to have a story to tell when global mining conferences such as the AME Roundup in January and PDAC in March arrive. When the calendar flipped to 2022, Victoria Gold Corp., operator of the largest gold mine in the Yukon, had yet to release any results from an exploration program that got underway in late May.

"Delayed laboratory results are an annual challenge in our industry. However, this year has been much worse than usual," said Victoria Gold President and CEO John McConnell.

Now, with most companies still waiting on assays going into the new year, this extraordinarily long delay is threatening to create a domino effect that could weigh on the 2022 mineral exploration season across Alaska and northern Canada.

"Investors buy explorers for results. When those results are super slow, investors get impatient or even anxious – 'Is the delay because the hole was actually a dud?'" Gwen Preston, better known as the Resource Maven, penned in an article on slow assay turnaround times. "The market also knows that the longer it takes to get results from a hole in Yukon or Alaska or Northern BC, the less time the company will have to drill follow up holes into a discovery."

With Banyan's existance dependant on assay results, is it possible Victoria lowered the priority on their core samples at the assay lab, to support Banyan and perhaps other area explorers? Victoria is very profitable and not dependant on quick assay results, banyan is!

Victoria has the time to put together a resource together without the need for assay results in the market.

Hard to beleive Victoria has a boat full of duds with the exporation video posted on their website...

https://vgcx.com/development/eagle-gold-project/eagle-gold-videos/videos/2021-exploration-dublin-gulch-property/


Not saying this is the case, just a posibility. 

[hcahoon]

Possibilty...........but what ever the reason.......IT SUCKS, h

[MVargas]

Research67, I posted this back in November: Victoria and Banyan share management and resources.  Apart from the CEO's of the two companies being husband and wife, Victoria's VP of Technical Services is also Banyan's VP of Exploration and Victoria's Chief Operating Officer is Chairman of Banyan's Board.  IMO this management has opted to process drill core and

[Research67]

See, I told you your posts spark my curiosity:-) Let the article be in support of your previous opinion, with my regards.

[Human7]

I think it makes sense too. Prioritizing Banyan results when faced with extraordinary lab delays. Victoria can afford to wait while moving Banyan along as quick as possible.

[kegman]

Folks. Think about what you are saying. The executive of a publicly traded Co. Puts another publicly traded company ahead of its own shareholders. In what scenario does a board retain their positions in this world? Pretty strange times. Not saying that is not what happened but only in Canada would that be acceptable. Again...if I wanted to invest in Byn I would.

[Research67]

Kegman Victoria holds a large position in banyan, so one could argue, it is acting in the interests of it shareholders.  At the end of the day, 1/2 a year with no results is always going to fuel crazy conjecture, especially from us mushrooms (kept in the dark, fed poop and expected to grow) IMO If Raven and banyan prove up recoverable, considerable resources, Victoria shareholders are

[OCB1234]

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[Whateverrr]

Did you know that the NYSE more stringent guidelines,protocols and regulations would NOT allow ?  Likely the Banyan give away claim from VG.  For SURE they would not allow him to set up a shell company to give himself Santa Fe.  Did VG get that NYSE listing they said they would?  NOPE.  And it allowed them to seperate the claim from VG shareholders.