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Bullboard - Stock Discussion Forum 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... see more

GREY:VITFF - Post Discussion

Victoria Gold Corp > The dozer operator states equipment broke main lines
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Post by HuskySW on Jul 13, 2024 9:56am

The dozer operator states equipment broke main lines

From Northern Miner

The Northern Miner has not verified any of this.

Caused by over-leaching

An investigation is ongoing to determine the accident’s cause and Victoria is cooperating with third party technical experts from the Yukon government and the First Nation of Na-Cho Nyk Dun, it said on Friday.

While the operator acknowledges he’s not an engineer, he believes the accident was caused by excessive leaching of the ore and improper maintenance of the leach pad. 

He claims that pipes carrying the cyanide-bearing solution throughout the pad would break and nobody fixed them. Cyanide is used to separate gold from ore.    

“There’s no doubt in my mind that they got broken underneath all the weight,” he said. “And then once you break that big line, it’s just massive amounts of cyanide that would go in there.”

About 4 million tonnes of ore, representing about 10% of the total on the pad moved during the accident, Victoria said. Of that, about 2 million tonnes moved beyond the pad’s embankment.

There are very good detailed records of how much fluid went  in and how much was withdrawn.  I'm sure that will be part of the investigation.

IMO

I can also say that as part of the investigation not just the operator(s) but also mine managment, stakeholders and involved professionals will be called in to comment.  The operators assertions of massive leaks on the main line are going to be reviewed and comments made as to the assertion the equipment causing the failure or if there was bad oversite or just a bad design.

My interest is the environement and can the mine be repaired (HLP).  I still stand with the fact thet there will be a report issued (as stated) that will speak towards a repair.  Also it is obvious that if the $ numbers don't work the mine will not re-open, it then becomes and investigative process (like many others) and goes into remediation and maintenance like many others.  I'm ot going to get into it but there are mines (yes here in the YUKON) that have gone into repair and maintenece for a long time and then re-opened because funds became available to clean up.

But the bashers and promo artists just want to play the penny games here. That said if you look at the daily  trades by the banks, investment houses and traders there doing the same thing.  Personally I don't care it's all gambling.  I also think some of the mose vocal here are the ones that lost a lot "gambling" on a dialy basis.

Now to all the retail investors in the mine (the majority share holders) and I have had stories of 100k dropping to 8k in the space of 1 trading day, these ppl are the real ones hurt.  If the lost is in a say TFSA it's the worst situation, no clain of loss.  If it's an open account at least the loss can be claimed.  I am not a US expert but imagine there s something along the same lines.



 
Comment by mdjbrown on Jul 13, 2024 10:07am
Husky, this comment will be interesting to the investigators as it sounds like he was directly at ground zero.  "when he felt the ground move and saw to his right that the ore under the pad was splitting and cracking, he says.  He tried reversing the bulldozer, but the collapsing pad pulled him down."
Comment by Zibo510 on Jul 13, 2024 10:20am
Looks like the Dozer guy was sitting on the exact spot where the heap separated and sheared off.  It's almost amazing that nobody got seriously injured or killed.  About the only good luck that VG has had. 
Comment by HuskySW on Jul 13, 2024 10:26am
Yes and I think I mentioned this before it was fortunate that the slide did not have enough force to hit the main personel camp or this would be differnt story. The design of future camps will mostllikely look quite differnect.
Comment by widrig on Jul 13, 2024 10:40am
Yep, miraculously, it happened pretty much right at shift change otherwise it would not have ended so well 
Comment by HuskySW on Jul 13, 2024 10:23am
Yes from day one it was clear he very lucky he was on the top to ride it down. There are still a lot of unanswered quetions though... Best
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