Victoria Gold Corp. (TSX:VGCX) has obtained promising new assay results from the 2021 Dublin Gulch exploration programme’s Raven diamond drillholes in the Yukon.
Raven is one of several priority on/near-surface gold targets within the Dublin Gulch Gold Camp and was the primary focus of 2021 Dublin Gulch exploration activities.
During the 2021 season, 20,000 m of diamond drilling were completed across the claim package; including 33 drillholes for 8,063 m at Raven. Highlighted assay results from 19 Raven holes follow:
- 1.25 g/t Au over 70.0 m from 245.0m in NG21-067C
- 1.67 g/t Au over 13.5m from 97.7m in NG21-050C
- 1.74 g/t Au over 15.1m from 92.4m in NG21-061C
- 1.49 g/t Au over 21m of from 286.7m in NG21-062C
The 2021 Raven exploration programme was designed to build upon a previously defined 750m strike length from fence-based diamond drilling, surface trenches and additional detailed structural analysis and mapping.
The 2021 programme successfully doubled the strike length of Raven to ~1.3 km, particularly to the west in an area covered by overlying metasedimentary lithologies. The company is targeting an inaugural mineral resource estimate for Raven this year.
“Raven continues to produce high grade gold intervals with continuity across a greatly expanded 1.3 km strike length,” President and CEO, John McConnell, said.
“Importantly, it is our intention to fast track Raven development with a focused two km drilling programm4 in 2022.”
The Raven 2022 programme will begin in Q2 and includes:
- 20,000 meters of diamond drilling
- 10 km of surface trenching
- Construction of an on-site assay prep lab
- Expansion of the accommodations camp
- Expanded soil-geochemistry
- Detailed structural/geological mapping and prospecting
Victoria closed a financing for gross proceeds of $20 million. The company intends to use the gross proceeds of the offering for continued exploration activities on the Dublin Gulch property.
For further information please visit: https://vgcx.com/
