Victoria Gold Corp VITFF

Chief Dawna Hope - First Nation asks auditor general

[KenoHillYT]

to look at Yukon’s ‘failures in oversight’ at mine

I have been at odds with a lot of the recent happenings and heavy handed edicts by all parties and citizens  in the VG aftermath but Dawna Hope, chief of Na-Cho Nyk Dun has some very good points in this interview.

In it the one statement that stands out is "“That must include the technical causes as well as the role of the Yukon government in enabling disasters like this to happen,” her statement reads."

I remember one statement made by JM that it was internal heap loss of control (my words)  (caused in part by external factors) and I'm placing bets that one could say the engineering by multiple engineering disiplines and the technology (or lack thereof) will come out, as at least as a large part, of the failure.

This mine could have been salvaged in the longer term by abandoning the heap (cleanup of a period of time) and introducing a closed type processing facility.  Yes there are other large polluting abandoned mines but htis by far has been the most expensive form a shareholders perspective nad environmental.  VG never even really got off the ground and the Heap will leave a long lasting negative not just in Canada but also globally of what not to do. 

I'm not anti mining, forestry, energy, etc. but it really is time to have a good long look at what has been going on.

"According to a recent application from the mine’s court-appointed receiver for an emergency water licence amendment, there were approximately 508 million litres of cyanide-contaminated water — enough to fill 203 Olympic-sized swimming pools — being held in storage ponds on-site as of Nov. 4, with a risk that storage capacity at the site will be exceeded by February."

IMO despite spending, by spring,  $100,000,000 +/- there appears to be a recognition that in fact pollution will occur, despite best efforts. 

The First Nation’s letter to the auditor general on Monday, asking for the audit, said federal devolution and what happened at the Eagle mine are “inextricably intertwined.”

“The Eagle gold mine was the first major gold mine to fall under Yukon’s jurisdiction post-devolution — and the mine and Yukon’s regulation of it failed spectacularly,” the letter reads.

It says the auditor general’s “careful analysis” through an audit will help “rebuild trust with the public and Indigenous peoples, and to implement treaty promises and federal commitments to advance sustainable development.”

IMO - There will be a large reluctance by all citizens and approvers to allow another such venture using this technolgy that is driven by inexpensive cost.

Are you still hanging onto those cheap junior shares?  It's going to be a bigger gamble moving forward, and expect a larger crowd of "blue sky" promoters to appear.


https://www.rcinet.ca/eye-on-the-arctic/2024/12/11/first-nation-asks-auditor-general-to-look-at-yukons-failures-in-oversight-at-mine/

https://cdn.prod.website-files.com/66d088d1255ed9dc04a66b77/6759cd47cb15f72cb284daa7_Dec%209%202024%20Letter%20to%20Auditor%20General%20FINAL.pdf

[Whateverrr]

Gosh, bummer. I hope it turns out to be okay for you Keno and whatever your prior screen name was.