Eagle Gold Mine Produces over 20,000 Ounces
Victoria Gold Corp. (TSX:VGCX) has achieved record gold production at the Eagle Gold Mine, Yukon Territory in August.
“The Eagle Gold Mine produced a record 20,744 ounces gold in August with more than one million tonnes of ore stacked on the heap leach pad in each of July and August, setting the stage for strong Q3 operational performance.” President and CEO, John McConnell, said.
“Additionally, exploration remains in full swing and we look forward to providing results in the near future.”
Eagle’s August production of 20,744 ounces of gold represents a 65% increase from the same period of 2020. Moreover, ore tonnes stacked on the heap leach pad reported monthly record levels with the achievement of 1.2 and 1.1 million tonnes respectively.
Exploration Update
The Dublin Gulch Gold Camp 2021 mineral exploration campaign continues at full capacity with a threefold focus; the two on/near surface high-grade gold targets at Raven and Lynx as well as at the past-producing Rex-Peso high-grade silver target just west of the Eagle Gold Mine.
The planned 15,000m 2021 programme is primarily concentrated on Raven where over 6,500m of drilling has already been completed.
Five diamond drills are currently engaged at Dublin Gulch with approximately 10,000m of drilling completed to date from over 45 diamond drillholes in addition to over two km of surface trenches.
In total, approximately 6,300 drill core samples have been processed and sent for analysis where delays in the analytical laboratory have resulted in a significant backlog in assay results. Exploration is expected to continue into October for all target areas.
At Raven, step-out drilling is testing over one km of the prospective high-grade gold trend. In addition, four holes were collared at newly identified intrusion related mineralized zone, Whiskey Wrinkles, located halfway between the Raven and Lynx zones.
At Lynx, a systematic surface trench programme opened the 2021 season with subsequent geological mapping and sampling across the 600m of defined anomalous gold mineralised trend. To date, over 1,700m of drilling has been completed from eight holes of a planned 14 hole, 2,500m programme.
The Rex-Peso diamond drilling programme commenced in mid-July and consists of one dedicated diamond drill rig targeting the high-grade silver veins known to exist just west of Eagle.
These veins were mined by previous operators in the 1960’s with only limited exploration conducted beyond the footprint of the underground workings.
To date, 12 holes have been completed along the Rex vein for a total of approximately 2,100m.
Results from this season’s campaign are expected shortly and will continue to arrive in late Q4 2021.
For further information please visit: www.vgcx.com
