Victoria Gold: Eagle Mine’s Live First Gold Pour on Tuesday, September 17, 2019
13 Septembre 2019 - 12:00PM
Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is
excited to announce that on Tuesday, September 17, we will be
hosting our first gold pour, live streamed, at 8:15pm EDT on our
website.
You can register to view the live webcast on the
Company’s website www.vitgoldcorp.com.
“The pouring of first gold at Eagle is an
important milestone and we are thrilled to share it with
everyone,” stated John McConnell, President & CEO.
“Looking back, this is the culmination of many years of dedication
and hard work by numerous stakeholders. Looking forward, this first
gold pour is expected to be swiftly followed by positive cash flow
and we intend to grow production and resulting cash flow into the
future.”
We are also pleased to be featured on national
TV Saturday, September 14 & Sunday September 15. BTV Business
Television heads up to Canada’s Yukon for a special episode on the
thriving mining community. PI Financial Corp’s Precious
Metals Analyst, Chris Thompson weighs in on the excitement around
Canada’s next gold mine.
About the Dublin Gulch
PropertyVictoria Gold's 100%-owned Dublin Gulch gold
property is situated in central Yukon Territory, Canada,
approximately 375 kilometers north of the capital city of
Whitehorse, and approximately 85 kilometers from the town of Mayo.
The Property is accessible by road year-round, and is located
within Yukon Energy's electrical grid.
The Property covers an area of approximately 555
square kilometers, and is the site of the Company's Eagle Gold
Deposit. The Eagle Gold Mine is under construction and is expected
to be Yukon's next operating gold mine. The Eagle and Olive
deposits, include Proven and Probable Reserves of 2.7 million
ounces of gold from 123 million tonnes of ore with a grade of 0.67
grams of gold per tonne, as outlined in a National Instrument
43-101 feasibility study entitled Report for the Eagle Gold Project
and dated October 26, 2016. The NI 43-101 Mineral Resource for the
Eagle and Olive deposits has been estimated, as at December 5,
2018, to host 208 million tonnes averaging 0.66 grams of gold per
tonne, containing 4.4 million ounces of gold in the "Measured and
Indicated" category, inclusive of Proven and Probable Reserves, and
a further 20 million tonnes averaging 0.64 grams of gold per tonne,
containing 0.4 million ounces of gold in the "Inferred"
category.
Qualified PersonThe technical
content of this news release has been reviewed and approved by
Anthony (Tony) George, P.Eng., as the Qualified Person. For
additional information relating to the Property, refer to the
technical report entitled “NI 43-101 Feasibility Study Technical
Report for the Eagle Gold Project, Yukon Territory, Canada”, with
an effective date of September 12, 2016, which is available on the
Company’s profile at www.sedar.com.
Cautionary Language and Forward-Looking
StatementsNeither the TSX Venture Exchange, nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release. This press release includes
certain statements that may be deemed "forward-looking statements".
All statements in this discussion, other than statements of
historical facts, that address future exploration drilling,
exploration activities, anticipated metal production, internal rate
of return, estimated ore grades, commencement of production
estimates and projected exploration and capital expenditures
(including costs and other estimates upon which such projections
are based) and events or developments that the Company expects, are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include metal prices, exploration
successes, continued availability of capital and financing, and
general economic, market or business conditions. Accordingly,
readers should not place undue reliance on forward-looking
statements.
For Further Information Contact:John McConnell
President & CEO Victoria Gold Corp Tel: 416-866-8800 Fax:
416-866-8801
Victoria Gold (TSXV:VIT)
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