The Prospector News

Victoria Gold: Eagle Gold Mine Q2 & H1 2023 Operational Highlights

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Victoria Gold: Eagle Gold Mine Q2 & H1 2023 Operational Highlights

 

 

 

 

 

Victoria Gold Corp. (TSX:VGCX) produced 45,568 ounces of gold during the second quarter of 2023 and 83,188 ounces of gold during the first half of 2023.

 

Mr. John McConnell, President and CEO commented, “In Q2 2023, we continued with the record gold production we achieved in Q1. Over H1 2023, we have produced 47% more gold than H1 2022.”

 

Eagle Gold Mine Q2/H1 2023 Operational Highlights:

 

    2022 2023 2022 2023
Q2 Q2 H1 H1
Ore mined millions of tonnes 2.2 2.3 3.5 4.5
Total mined millions of tonnes 4.4 4.4 8.0 9.7
Strip Ratio waste to ore 1.0 0.9 1.3 1.2
Mining rate 000’s of tonnes/day 48 49 44 53
Ore stacked on pad millions of tonnes 2.3 2.5 3.2 4.6
Ore stacked grade grams/tonne Au 0.85 0.77 0.81 0.81
Gold produced ounces 32,055 45,568 56,413 83,188

 

Statistics may be subject to immaterial reconciliation variances.

 

Both gold grade and metallurgical recovery continue to reconcile well against the Eagle reserve model.

 

Qualified Person

 

The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as the “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

About the Dublin Gulch Property

 

Victoria Gold’s 100%-owned Dublin Gulch gold property (the “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 and Olive Gold Deposits. The Eagle Gold Mine is Yukon’s newest operating gold mine. The Eagle and Olive deposits include Proven and Probable Reserves of 3.3 million ounces of gold from 155 million tonnes of ore with a grade of 0.65 grams of gold per tonne, as outlined in a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated December 3, 2019. The Mineral Resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects  for the Eagle and Olive deposits has been estimated to host 227 million tonnes averaging 0.67 grams of gold per tonne, containing 4.7 million ounces of gold in the “Measured and Indicated” category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.65 grams of gold per tonne, containing 0.6 million ounces of gold in the “Inferred” category.

 

Posted July 5, 2023

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News