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Victoria Gold Corp. (TSXV:VIT)

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Last Post: 10/9/2019 8:20:57 AM - Followers: 11 - Board type: Free - Posts Today: 0

Eagle Project Permitting going smoothly. 

Yukon Environmental Assessment Board Approves Victoria's Eagle Gold Project

Highlights of the Feasibility Study
(all amounts in Canadian dollars unless otherwise stated)
Probable Gold Reserves (oz) 2,300,768
Average annual gold production (oz, first 5 years) 212,000
Average annualized gold production (oz, LOM) 192,000
Initial capital expenditure $382,799,000
Capitalized pre-stripping for mining operations $16,941,000
Operating costs ($ per tonne processed, first 5 years) $11.95
Operating costs ($ per tonne processed, LOM) $12.21
Operating cost per ounce ($US/oz, first 5 years) $542

TORONTO, ONTARIO--(Marketwire - Feb 19, 2013) - Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or the "Company") is pleased to announce the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") has concluded its environmental assessment and issued a Final Screening Report. The Final Screening Report recommends that the Government of Canada and Yukon Government allow the Eagle Gold Project to proceed.

"The importance of the Final Screening Report should not be underestimated as it positions Victoria to embark on the next significant phase toward Eagle production." commented John McConnell, President & CEO. "Over the past year we have progressed detailed engineering, assembled a project build team and advanced negotiations on project financing to ensure we would be ready to begin construction in 2013."

Victoria first submitted a Project Proposal, initiating the environmental assessment process, in December 2010. Over the past two years YESAB has consulted with the general public, First Nations, Yukon Government, Federal agencies and Victoria''s permitting team to assess the environmental and socioeconomic effects of an economically robust project while maintaining strict environmental and safety standards. The Eagle Gold Project planning and assessment process has benefitted from the existing Comprehensive Cooperation and Benefits Agreement ("CBA") between the First Nation of Nacho Nyak Dun and Victoria.

The completion of the Final Screening Report will result in the issuance of Decision Documents by the Governments of Canada and Yukon. Subsequently, Victoria expects Yukon Government to issue a Quartz Mining License, which would allow for the start of construction.

About Victoria

Victoria Gold is an emerging gold producer whose flagship asset is its 100% owned Dublin Gulch property which hosts the Eagle Gold Deposit. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 650 square kilometers, is accessible by road year-round and is located within Yukon Energy Corporation''s electrical grid.

The Eagle Gold Project is expected to be Yukon''s next operating gold mine and includes Probable Reserves of 2.3 million ozs of gold contained in 92 million tonnes of ore with a grade of 0.78 grams of gold per tonne, as outlined in a National Instrument 43-101 Compliant Feasibility Study. The NI 43-101 Compliant Mineral Resource has been estimated to host 222 million tonnes averaging 0.68 grams of gold per tonne, containing 4.9 million ounces of gold in the "Indicated" category, inclusive of Probable Reserves, and a further 78 million tonnes averaging 0.60 grams of gold per tonne, containing 1.5 million ounces of gold in the "Inferred" category.

Cautionary Language and Forward-Looking Statements





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VIT News: Victoria Gold: Operations Ramp-up, Doré Shipment and AGM Results 10/09/2019 06:30:00 AM
VIT News: Victoria Gold: Eagle Mine’s First Gold Pour Completed on Tuesday, September 17, 2019 09/18/2019 06:00:00 AM
VIT News: Victoria Gold: Eagle Mine’s Live First Gold Pour on Tuesday, September 17, 2019 09/13/2019 06:00:00 AM
VIT News: Victoria’s Eagle Gold Mine Construction Complete – Operations Ramping Up 09/09/2019 06:00:00 AM
VIT News: Victoria Gold’s Exploration Program at Raven Produces Multiple High-Grade Intercepts 09/03/2019 06:00:00 AM
#195   I sold 10% of my position in the Gatsby 10/09/19 08:20:57 AM
#194   CVE:VIT - VITFF / OPERATIONS RAMP-UP, DORÉ SHIPMENT nkob1974 10/09/19 07:07:38 AM
#193   this is starting to get some attention, with halpern6 09/29/19 09:31:54 AM
#192   alone here but still owning shares. Gatsby 03/19/19 09:20:14 AM
#191   Nice January performance... share price catching up with Gatsby 01/29/19 03:37:21 AM
#190   https://www.vitgoldcorp.com/news/2018/victoria-gold-announces-execution-of-defin Gatsby 04/16/18 07:35:49 AM
#189   The last financial package is seen as expensive Gatsby 04/05/18 09:03:59 AM
#188   Hello Ya'll...new to Vit, but been lurking for spliffythecat 03/27/18 11:26:59 PM
#187   a nice little read. See you in 2019. Gatsby 03/20/18 04:20:31 AM
#186   news out.. financing secured... Gatsby 03/08/18 08:30:50 AM
#185   news (exploration results) Gatsby 09/11/17 09:15:59 AM
#184   a no brainer from here on out IMHO. chemist99 09/09/17 10:14:00 PM
#183   if there is also a lot of copper ernie44 08/27/17 11:50:03 AM
#182   http://www.cbc.ca/news/canada/north/yukon-mining-victoria-gold-pelly-constructio Gatsby 08/15/17 05:29:25 PM
#181   look at page 15 comparison between VIT and Gatsby 01/25/17 10:12:33 AM
#180   If you can wait and not be tired mrsmith119 01/24/17 10:31:34 PM
#179   http://www.vitgoldcorp.com/s/news_releases.asp?ReportID=764092 some copy-past Gatsby 09/12/16 04:22:55 AM
#178   expect at least two of the following this mrsmith119 09/10/16 06:02:41 PM
#177   NEWS RELEASES Gatsby 08/31/16 10:14:46 AM
#176   hopefully a short term consolidation. Gatsby 08/24/16 09:29:02 AM
#175   gold is above 1340..people don't learn lol mrsmith119 08/23/16 10:18:43 AM
#174   The little pull was due to the placement Gatsby 08/16/16 02:15:18 PM
#173   soon as a couple of these short sighted mrsmith119 08/16/16 10:56:09 AM
#172   The drop of the CAD helps as well Gatsby 07/15/16 10:33:03 AM
#171   i figured it was because of the drop Guitarmanlife 07/15/16 10:08:14 AM
#170   I was lucky to be a early bird. Gatsby 07/15/16 10:05:14 AM
#169   wish i had knew about this one before Guitarmanlife 07/15/16 09:42:12 AM
#168   Higher volume for the is version.. Someone listing Gatsby 07/14/16 02:25:15 PM
#167   And a new high today!!! Gatsby 07/14/16 02:23:58 PM
#166   New high... And gold is up.. Gatsby 07/04/16 04:35:15 PM
#165   Nice trend!!! Gatsby 05/18/16 03:54:33 PM
#164   ..and here she goes! mrsmith119 05/17/16 08:57:11 PM
#163   Yeah man, you know I never left. Im mrsmith119 04/20/16 10:44:49 PM
#162   nice video: Gatsby 04/11/16 11:26:36 AM
#161   Are you still here? .315 now..... Volume up... not complaining.... Gatsby 04/11/16 11:03:41 AM
#160   Nice.. Volume picking up with price increase.... Gatsby 04/05/16 12:48:38 PM
#159   We continue to climb with only a small Gatsby 04/04/16 10:34:45 AM
#158   I don't know what person would buy this mrsmith119 11/03/15 10:57:29 PM
#157   not planning to sell for seasonal reasons. planning Gatsby 10/30/15 12:10:42 PM
#156   Gold is back down, and probably will decline mrsmith119 10/30/15 03:06:04 AM
#155   Victoria Gold Corp insider Buys C$36,590.40 in Stock (VIT) OTCRIDER 09/11/15 10:13:19 PM
#154   Gold $1160 plus tonight!!! RB_79 08/20/15 09:17:52 PM
#153   Victoria Gold Corp. is a leading gold exploration RB_79 08/20/15 04:35:55 PM
#152   I like Victoria Gold Corp. (VIT:TSX.V) and its RB_79 08/20/15 04:33:14 PM
#151   gold changing direction this past week. RB_79 08/20/15 04:31:09 PM
#150   yeah, this years gonna be big for Victoria..can't mrsmith119 04/28/15 11:09:20 PM
#149   I agree. victoria should be putting out more mrsmith119 03/09/15 04:01:08 PM
#148   Nice presentation. Appendix includes information on douginil 03/09/15 01:45:07 PM
#147   new presentation released Friday after market closed. Not Gatsby 03/09/15 01:06:54 PM
#146   ..sure, it was just something to read. I mrsmith119 02/17/15 01:49:52 PM