Victoria Gold Corp. (TSX: VGCX) has reported the inaugural Mineral Resource Estimate (MRE) for the Raven Gold Deposit, located approximately 15 km east of the Eagle Gold Mine in the Yukon Territory, Canada.
The MRE was undertaken by the Company with the assistance of Independent QP, Marc Jutras, Principal, Ginto Consulting Inc. The MRE represents the culmination of diamond drilling and surface exploration programs conducted on the Raven target through 2021. Results from the ongoing 2022 drill programme at Raven have not been included in this maiden resource and will be incorporated into subsequent resource updates.
The Initial MRE comprises a total Inferred Mineral Resource of 1,070,239 ounces of gold for the near-surface Raven Deposit.
“Raven is a new discovery made by our team in 2018 through geophysics, geochemistry, prospecting, trenching, and drilling along the contact of the Nugget intrusive, 15 km east of Eagle. Follow-up exploration was hampered by COVID, yet in three exploration seasons we have identified a significant Resource,” president and CEO, John McConnell, said.
“In 2022, we have carried out Victoria’s largest ever exploration program, with 25,000 m of drilling planned to expand Raven along strike and at depth.”
2022 Exploration Update
Victoria initiated its 2022 Dublin Gulch exploration program in late-May and currently has four drills on site with over 20,000m of drilling in 76 holes completed to date. This campaign is heavily focused on Raven where the footprint of mineralized intercepts has been extended approximately 325m east of the extents defined by the 2021 drilling.
About Raven
Raven represents a potentially high-grade, on-surface gold deposit that lies at the extreme Southeast contact of the Nugget intrusive stock with the surrounding Hyland Group metasedimentary package. This large, approximately 3km by 2km, medium to coarse grained granodiorite stock of Cretaceous age represents the second largest intrusive body on the Dublin Gulch property (second only the Dublin Gulch stock that hosts the Eagle Gold Mine). The Nugget stock is highly prospective to host Eagle-style sheeted vein mineralization, and the vast majority of the > 5 square km stock remains untested.
Drilling at Raven from the 2018 through 2021 field seasons have repeatedly returned high-grade gold intersections accompanied by prolific visible gold occurrences along a major and consistently mineralized shear-zone corridor which has grown from an area covered only by the initial 2018 trenches to 1.2km after drilling in 2021 and remains open for expansion.
About the Dublin Gulch Property
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 km north of the capital city of Whitehorse, and approximately 85 km 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 km and is the site of the company’s Eagle Gold Mine.
For further information please visit: https://vgcx.com/
