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Victoria Gold Corp. (TSX-V:VIT) “Victoria” or the “Company” is pleased to provide a construction update for the Eagle Gold Mine Project (the “Project”), Yukon Canada. Full construction commenced March 15, 2018 with completion and first gold pour scheduled for the second half of 2019.
Victoria Gold Corp. (TSX-V:VIT) (the “Company”) is pleased to report that the Company has entered into a gold price protection program (the “Hedging Program”) with Macquarie Bank Limited. The objective of the Hedging Program is to mitigate the risk associated with adverse fluctuations and volatility in the price of gold during the critical early years of operation and debt repayment.
Victoria Gold Corp. (TSX:V-VIT) “Victoria” or the “Company” is pleased to announce that it has finalized and executed definitive transaction agreements with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Cat Financial”) with respect to the previously announced construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production.
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: NFRGF) (“Triumph Gold” or the “Company“) is pleased to announce that a field crew has been dispatched to the Freegold Mountain property to execute a 1,900 metre diamond drill program targeting the newly discovered porphyry system in the Keirsten Zone (see PR # 17-13). Porphyry related mineralization was first discovered in the Keirsten Zone with drill hole KZ17-01 which tested the center of a 1.1 km diameter intense (up to 180 milliradians) buried chargeability high. The drill hole encountered rock that had been affected by an extremely vigorous porphyry related hydrothermal system from 193 metres to the end of the hole at 603.50 metres. Phase 1 drilling will test new targets within and along the margin of the chargeability high that were developed through application of a porphyry model to the interpretation of existing geological and geophysical data.
Mining Victoria Gold’s (V.VIT) Eagle Gold Project at Dublin Gulch in Yukon literally means taking off the side of a small mountain. That mountain hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold at .67 gpt. Operating costs are estimated at US$550 per ounce and the mine is designed to produce approximately 200,000 ounces of gold per year in full operation.
A 500 million dollar mine is big news. Big enough to rate a mention on the CBC.
We’ve been reporting on Victoria Gold (V.VIT) for several years. CEO John McConnell has been convinced that there would be a mine at the Eagle Deposit Dublin Gultch in the Yukon. Today’s press release announcing a Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities means that Victoria is financed right through until commercial production.
Victoria Gold Corp. (TSX.V:VIT) “Victoria” or the “Company” is pleased to announce that it has entered into documentation with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Caterpillar Financial”) with respect to a construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production. The Financing is comprised of:
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to announce it has commenced a 4,000 m diamond drill program at its 100% owned 3 Aces Project in southeastern Yukon. The drill program will initially focus on stepping-out with wide-spaced drilling within the Central Core Area, testing continuity along favorable stratigraphic-structural contacts along the Hearts-Clubs corridor and from the Spades area, now believed to represent the down dip extension of the Hearts-Clubs corridor (GPY NR February 26, 2018). Results from 2017 drilling along the Hearts-Club Corridor include 19.81m of 3.32 g/t gold from a depth of 10.67m (3A17-203), and 4.57 m of 81.35 g/t gold from a depth of 0.76 m (3A17-208) at Spades (GPY NR October 25, 2017 and January 16, 2018).
Our friend Anne Lewis of the Yukon Mining Alliance sent along the first issue of the new Yukon Mining Alliance “Invest Yukon Newsletter”.