Victoria Gold Corp: Victoria’s Step-out Drilling at Eagle Demonstrates Expanded Potential and New Mineralization is Delineated along the Adjacent Potato Hills Trend at Dublin Gulch, Yukon
Friday, 12 August 2011 15:42
Victoria Gold Corp (VIT.TSX-V) (“Victoria” or the “Company”) report that its ongoing 2011 exploration drilling program at its 100% owned Dublin Gulch, Yukon project continues to intersect significant gold mineralization near the Eagle gold deposit and at targets elsewhere in the project area.
The Dublin Gulch project is the site of one of the most intensive exploration programs in the Yukon region, and the 2011 work program includes diamond drilling and other geological and geochemical evaluation efforts. In addition, the Eagle Gold Deposit is in the permitting process and a Feasibility Study is expected to be completed in Q4, 2011.
“Extensional drilling along and adjacent to the Eagle Gold Deposit further demonstrate the future growth potential as we move this deposit toward full production in 2014. Our strategy to find additional economic opportunities along the Potato Hills Trend have also been bolstered by recent drilling”, commented John McConnell, President and CEO of Victoria. “We currently have three core drills operating on the property, one drilling on Eagle and two drilling along the Potato Hills Trend. With our 100 person permanent camp we have the unique ability to continue drilling through to early December”.
Drill results from the western extent of the Eagle Gold Deposit include 59.6m grading 0.74 g/t while at Steiner, to the northwest of Eagle, assays returned 42.7m grading 0.81 g/t. Potato Hills
Trend drill results include 43.1m grading 0.80 g/t at Eagle North (showing similar mineralization to Eagle) and 3.05m grading 6.34 g/t at Popeye.
