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Excellent perspective piece on the Yukon mining scene by Gary Baschuk of Peartree Securities. Peartree specializes in flow through shares which finance so much of the exploration which takes place in Canadian Mining and Baschuk has seen a lot of exploration camps. It is interesting to see companies like Victoria Gold, Atac Resources and Western Copper and Gold through a finance guy’s lens.
Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. These results include seven exploration holes completed in the Olive target area in 2017, where exploration efforts concentrated on previously undrilled areas south and west of the main Olive-Shamrock Zone into which the Olive Shear Zone was interpreted to extend. These results further demonstrate the successful application of the Potato Hills Trend mineralization model on the Dublin Gulch Property and it’s ability to identify additional gold mineralization proximal to defined gold deposits.
“We expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists. Victoria currently trades at a discount on a per ounces basis, or C$33/oz versus peers at C$57/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction.” read full report here
“This has been a very exciting exploration season for us; as our VP Exploration,” Paul Gray says. “Every target we drill on the property, we find gold.” Based on the successful results across numerous targets, we are pleased to announce that the 2017 exploration budget has been more than doubled, from $6.2M to $12.5M. August 28 VIT press release
TORONTO, ON–(Marketwired – August 28, 2017) – Victoria Gold Corp. (TSX VENTURE: VIT) “Victoria” or the “Company” is pleased to announce analytical results from 12 additional Shamrock drillholes from the 2017 Dublin Gulch exploration campaign. Highlighted results from these recently received drillholes include, 39.6m of 1.04 g/t Au in drillhole DG17-818C, 22.5 metres of 2.78 g/t Au in hole DG17-848C and 16.5 metres of 2.24 g/t Au in drillhole DG17-845C.
Victoria Gold’s (CN:VIT) timing could be perfect. With gold-mining majors struggling to replace ounces through their internal exploration efforts, commentators are increasingly of the opinion that the market is entering a new phase of merger and acquisition activity. Victoria expects to be near the top of that list as few companies have a fully-permitted, shovel-ready gold project in a stable jurisdiction that will produce about 200,000 ounces of gold a year. And exploration at its Dublin Gulch property in Yukon, Canada continues to increase its scale potential to boot. go read the whole thing at the Mining Journal
TORONTO, ON–(Marketwired – August 21, 2017) – Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the start of a $40M Phase 1 Eagle Gold Mine construction program. The program will focus on:
t hasn’t been an easy time to advance mineral projects to mines over the past five years. But with some metals prices firming up and project financing becoming more attainable, it’s time to look at development projects that are starting to gain momentum.
TORONTO, ON–(Marketwired – August 03, 2017) – Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign.
Today’s announcement that Victoria Gold has Executed a Commitment Letter for US$220 Million Project Finance Facility for the Construction of the Eagle Gold Mine put’s John McConnell within 40 million dollars of the total construction funds required for the Eagle project.