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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 > mORE bad news, Independent Review Board to take 6-8 months
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Post by GoldenPolarBear on Aug 30, 2024 10:01pm

mORE bad news, Independent Review Board to take 6-8 months

Nothing will be decided or properly done until after their findings which won't be until April 2025...
How is Victoria Gold NOT going to go bankrupt without income for at least eight months.

This mine must immediately go on care & maintenance and even that costs money...

What a financial disaster and the bankruptcy vultures are circling this Yukon financial catastrophe!  
https://www.cbc.ca/lite/story/1.7310343
 

The Yukon government has appointed a trio of experts to look into the cause and factors behind the heap leach failure at Victoria Gold's Eagle mine earlier this summer.
The three-person independent review board is tasked with figuring out what led to the June 24 slide, which spilled hundreds of millions of litres of cyanide solution into the environment and forced the immediate halt of operations at the mine site. 
The review is part of Yukon's response to the "catastrophic failure and its impact on the environment and human health and safety," the government said in a news release on Friday afternoon.
The review will look at the design, construction, operation, maintenance and monitoring of the heap leach facility. Heap leaching is a method of extracting gold from stacked layers of ore using a cyanide solution. 
"Understanding the causes of the failure will help inform remediation of the failure, possible options for a future restart of mine operations at Eagle Gold, as well as other future operations in the Yukon," the release states.
The review is expected to take six to eight months and the results will be made public, the government says. It's being funded through the receivership of Victoria Gold.
The three members appointed to the board are:
  • Jean-Marie Konrad, a geotechnical expert who has consulted for projects related to things such as permafrost engineering and dam construction.
  • Les Sawatsky, a senior civil engineer with experience in mine development and closure planning, reclamation, and tailings management.
  • Mark E. Smith, an engineer with experience in gold heap leaching, including several cold-climate projects.
Comment by Stratocheif on Aug 31, 2024 7:40am
Read ur own post man. "Funded through the receivership of Victoria Gold" THEY ARE ALREADY BANKRUPT
Comment by GoldenPolarBear on Sep 01, 2024 6:51pm
"... The review is being funded through the receivership of Victoria, which was announced in mid-August after the Yukon government requested to take greater control over cleanup and impact mitigation efforts after the Eagle mine incident. The review is part of the government’s response to what it calls a “catastrophic failure and its impact on the environment and human health and ...more  
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