Victoria Gold Corp. (TSX: VGCX) has reported Q4 2021 production of 49,497 ounces and full year 2021 gold production of 164,222 ounces. The full year figure was up significantly on the guidance of 162,000 ounces.
“COVID-19 has had a significant impact on Eagle operations in 2021, but our team has been very innovative adjusting to conditions and we achieved record annual gold production in 2021; increasing by over 40% from 2020.”, stated CEO, John McConnell,
“2022 will undoubtedly present new challenges and I look forward to working with our team to continue the steady growth we have realised since Eagle began operations.
“In the future, we plan to release quarterly production highlights within two weeks of the end of each quarter. The quarterly production news releases will highlight production for the most recent quarter and year to date and compare results to the previous year. Theses quarterly production news releases will include minimal commentary on the results.
‘Commentary regarding quarterly production as well as commentary regarding financial statements will be included in the Company’s Management Discussion and Analysis (MD&A) and the accompanying management conference calls.
“The Company’s annual MD&A and Financial Statements are due to be filed within 90 days of Victoria’s December 31 year-end while quarterly MD&A and Financial Statements are due within 45 days of each calendar quarter end. Management conference calls will be held upon filing of year-end, 2nd quarter and 3rd quarter Financing Statements and MD&A.
About the Dublin Gulch Property
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, The Property covers an area of approximately 555 square km 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 (NI 43-101) 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.
For further information please visit: https://vgcx.com/
