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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 > YTG has a lot of confusion with a lot of things
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Post by KenoHillYT on Oct 04, 2024 1:47pm

YTG has a lot of confusion with a lot of things

including whether exploration  $$$ is be allowed within the Whitehorse district.  

Other than the incredulous  $$$ statements in this report I also find that the lack of progress on access roads and the berm is being blamed on daylight hours incredible.  Really?   

 As for cash flow I guess it's an inconvenient truth that there was a lot of gold ready for processing.  I don't particularly like heap leach processing but is was an engineered heap, approved by all and inspected by professionals.

And to now blame everything on VG including cash flow seems a bit extreme as a justification of the proceeedings.

This report covers a lot of ground, but one thing that is probably for sure is the $$$ this will cost Yukon and the Canadian taxpayer is not even revealed yet.

Considering that PWC reports are being paid for by YTG there should be a link provided to the Oct 1 report.

Will this be another made in The Yukon boondoggle, time will tell but for sure a lot of business are already looking at a pretty big write off on the books.

https://www.yukon-news.com/news/premier-mines-minister-stand-by-moves-after-report-unveils-victoria-golds-cash-flow-7570069

https://www.cbc.ca/news/canada/north/geologists-defend-mining-within-whitehorse-city-limits-1.7141999

Comment by HoneyBadger77 on Oct 04, 2024 7:25pm
Interesting...Excerpt from Yukon News link (first para under the "Digging into the report" section): "A contractor has been engaged to do borehole drilling, which is needed to determine next actions to reinstate the heap leach facility, and a technical consulting firm has been engaged to assess and design work necessary to restore the heap leach facility to a state in which it can ...more  
Comment by KenoHillYT on Oct 05, 2024 11:05am
Badger, It's all possible....  "A contractor has been engaged...."  "Sure seems like they (YTG and PWC) plan to get Eagle back into production." Great question.  Thanks Remember when FN was mad, like everyone else  (when the heap failed) and stated they wanted all mining shut down.  Was the closing a knee jerk reaction by YTG who knows, but for ...more  
Comment by Singoa58 on Oct 05, 2024 1:45pm
My brothers and sisters will never allow this polluter to open again.. we lost a lot of fish 
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