(via Thenewswire.ca)
Toronto, ON / TNW-ACCESSWIRE / November 4, 2014 / Victoria Gold Corp. (TSX.V-VIT) ("Victoria" or the "Company") is pleased to announce the results of the 2014 Phase 2 Olive Exploration program, adjacent to Victoria's Eagle Gold deposit, Yukon Canada.
Mr. John McConnell, President and CEO of Victoria commented; "The 2014 Olive Program has continued to produce, near surface, high-grade intersections along strike of our newly defined Olive Shear Zone. The success of the 2014 Phase 1 and Phase 2 Olive drilling programs has continued to increase our confidence that the Olive target represents a value-add target adjacent to Victoria's Eagle Gold Project. With the 2014 program now complete, management is moving forward with an Olive Mineral Resource Estimate with the expectation that ultimately, this satellite ore body will further enhance the economics and extend the mine life of our flagship Eagle Project."
Olive 2014 Program
Victoria's 2014 Phase 1 Olive Exploration program included 20 diamond drill holes, 3 of which were used solely for metallurgical testing. These 20 diamond drill holes from the Phase 1 program yielded highly encouraging results including 69.7 metres ("m") of 2.29 g/t gold, 96.1m of 1.22 g/t gold, 99.8m of 1.02 g/t gold, and 89.6m of 1.18 g/t gold including 42.5m of 2.36 g/t. (see News Releases dated June 24, July 28, and August 13, 2014).
Phase 2 Olive Zone exploration drilling was targeted as a series of step-out and exploration drillholes along strike (~850m) and across (~300m) the interpreted Olive shear zone defined in Phase 1 drilling. The Phase 2 Olive Zone drilling was primarily designed to test the bounds of the mineralized model developed by Victoria with drill spacing adequate to develop a defined Indicated Mineral Resource.
Phase 2 results included intercepts of 22.5m of 1.03 g/t gold; 20.1m of 1.10 g/t gold and 20.9m of 1.16 g/t gold.
Table 1: Selected Drill Results from 2014 Olive Phase 1 and Phase 2 Exploration Programs
|
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Gold (g/t)
|
|
DG14-584C
|
60.7
|
130.4
|
69.7
|
2.29
|
|
including
|
65.5
|
114.9
|
49.4
|
2.91
|
|
including
|
85.3
|
114.9
|
29.6
|
3.90
|
| |
|
|
|
|
|
DG14-586C
|
26.8
|
122.9
|
96.1
|
1.22
|
|
including
|
33.4
|
58.4
|
25
|
2.19
|
|
and
|
107.3
|
122.9
|
15.6
|
2.02
|
| |
|
DG14-588C
|
46.2
|
146
|
99.8
|
1.02
|
|
including
|
46.2
|
77.7
|
31.5
|
2.19
|
| |
|
|
|
|
|
DG14-590C
|
36.6
|
131.1
|
94.5
|
0.99
|
|
including
|
74.4
|
109.7
|
35.3
|
1.67
|
| |
|
|
|
|
|
DG14-600C
|
3.0
|
92.6
|
89.6
|
1.18
|
|
including
|
42.2
|
84.7
|
42.5
|
2.36
|
| |
|
DG14-602C
|
27.1
|
29.0
|
1.9
|
1.57
|
|
and
|
48.5
|
51.9
|
3.4
|
1.01
|
|
and
|
79.0
|
101.5
|
22.5
|
1.03
|
| |
|
|
|
|
|
DG14-603C
|
34.6
|
47.4
|
12.8
|
1.00
|
|
and
|
100.1
|
102.5
|
2.3
|
1.57
|
|
and
|
141.5
|
142.5
|
1.0
|
1.98
|
| |
|
|
|
|
|
DG14-604C
|
25.0
|
38.2
|
13.2
|
0.97
|
|
and
|
63.5
|
66.1
|
2.6
|
1.27
|
|
and
|
88.5
|
96.0
|
7.5
|
1.17
|
|
and
|
127.0
|
131.5
|
4.5
|
0.97
|
|
and
|
144.5
|
149.1
|
4.6
|
0.99
|
| |
|
|
|
|
|
DG14-606C
|
6.5
|
26.5
|
20.1
|
1.10
|
|
and
|
43.4
|
48.8
|
5.4
|
0.99
|
|
and
|
58.5
|
64.0
|
5.5
|
1.15
|
|
and
|
88.0
|
91.3
|
3.3
|
0.96
|
|
and
|
106.2
|
111.5
|
5.3
|
0.80
|
|
and
|
177.0
|
178.0
|
1.0
|
1.50
|
|
and
|
204.5
|
208.8
|
4.3
|
1.05
|
| |
|
|
|
|
|
DG14-608C
|
9.0
|
12.1
|
3.1
|
1.45
|
|
and
|
29.2
|
33.0
|
3.8
|
1.64
|
|
and
|
43.0
|
47.5
|
4.5
|
2.11
|
|
and
|
104.7
|
117.0
|
12.3
|
1.67
|
|
and
|
151.3
|
155.3
|
4.0
|
1.17
|
|
and
|
168.3
|
178.3
|
10.0
|
1.17
|
| |
|
|
|
|
|
DG14-612C
|
84.1
|
97.5
|
13.4
|
0.96
|
|
Including
|
85.2
|
86.5
|
1.3
|
4.98
|
|
and
|
123.2
|
136.5
|
13.3
|
0.37
|
|
and
|
151.0
|
175.7
|
24.7
|
0.74
|
|
including
|
161.5
|
164.5
|
3.0
|
4.82
|
| |
|
|
|
|
|
DG14-616C
|
55.6
|
67.9
|
12.3
|
0.73
|
|
Including
|
65.5
|
66.9
|
1.4
|
4.91
|
| |
|
|
|
|
|
DG14-620C
|
95.5
|
116.0
|
20.5
|
0.91
|
|
Including
|
95.5
|
101.8
|
6.3
|
2.14
|
|
and Including
|
112.8
|
117.5
|
4.7
|
0.94
|
| |
|
|
|
|
|
DG14-626C
|
94.5
|
122.0
|
27.5
|
0.93
|
|
Including
|
101.1
|
122.0
|
20.9
|
1.16
|
|
and
|
131.0
|
144.1
|
13.1
|
0.38
|
| |
|
|
|
|
|
DG14-628C
|
13.9
|
45.0
|
31.1
|
1.06
|
|
Including
|
23.0
|
43.5
|
20.5
|
1.42
|
| |
|
|
|
|
|
DG14-630C
|
57.0
|
104.0
|
47.0
|
0.60
|
|
Including
|
57.0
|
69.8
|
12.8
|
1.0
|
Note: Reported intersections are drilled intersections, as true widths have not yet been determined; but are estimated at approximately two-thirds downhole length.
An updated plan map and drill sections relating to the assay results presented above, as well as a complete summary table of all Phase 1 and Phase 2 Olive drilling results, is available on the Company's website s%20Computer%5CAppData%5CLocal%5CMicrosoft%5CWindows%5CTemporary%20Internet%20Files%5CContent.IE5%5CNKNHJZ07%5Cwww.vitgoldcorp.com'>www.vitgoldcorp.com
.