Replies to post #178 on Victoria Gold Corp (VIT)

[Gatsby]

http://www.vitgoldcorp.com/s/news_releases.asp?ReportID=764092

some copy-paste :


September 12, 2016

Victoria Gold: Fully Permitted Eagle Gold Project Feasibility Study Demonstrates Post Tax NPV of $508M and IRR of 29.5%


•Annual Gold Production of Approximately 200,000 ozs
•Operating Cost of US$539/oz & All-in Sustaining Cost of US$638/oz
•Post tax Net Present Value @ (5%) = C$508 million
•Post tax Internal Rate of Return = 29.5%
•Gold price = US$1,250/oz & Exchange Rate = 0.78 C$/US$
Gold Price Sensitivity Table

....

Toronto, Ontario (September 12, 2016) -Victoria Gold Corp. (TSX-V: VIT) ("Victoria" or the "Company") is pleased to announce the results of a National Instrument 43-101 feasibility study for its 100% owned Eagle Gold Project located on the Dublin Gulch property, Yukon. An audio/video web conference call will be held this morning at 8:00 am Eastern Time (see details below).

"The results from this Feasibility Study highlight the exceptional quality of the Eagle Gold Project." stated John McConnell, President & CEO. "Our team, working with an experienced group of consultants have optimized several key areas of the project, in particular, the heap design and incorporation of run of mine leaching of low grade material. These improvements have resulted in significant capital savings and enhanced overall project economics. Eagle is a fully permitted project in a premier jurisdiction that can produce 200,000 ounces annually with high margins and a very attractive valuation. We also believe the current and future Olive-Shamrock drilling will continue to add to this valuation."

.....

Opportunities
There are numerous initiatives currently underway which the Company suspects may further enhance project
economics, including:
•year-round stacking as is currently practiced at other northern heap leach operations;
•continued near mine exploration with a focus on the Potato Hills Trend which hosts the Olive, Shamrock and other targets;
•conversion of Inferred Mineral Resources to Indicated Mineral Resources, particularly at depth, to increase reserve potential and decrease waste; and
•further refinement of water management and water treatment to reduce potential closure costs.

Audio/Video Webcast Details (Monday, September 12 at 8:00am Eastern):
The audio/video web conference will include a presentation by John McConnell, Director and CEO and can be accessed at: momentumstreaming.com/index.php?id=121075

For those unable to attend the web conference or unable to hear the audio portion of the web conference, an audio teleconference can be accessed by calling:

Local / International: 416-849-3996
North American Toll- Free: 1-866-323-9095
Participant Passcode: 181625

John McConnell can also be seen on BNN, The Commodities Report with Andrew Bell discussing the Feasibility Study at 11:30am Eastern on Monday, September 12, 2016.