Victoria Gold to conduct $6.2m exploration at Dublin Gulch, Canada

22 January 2017 (Last Updated January 22nd, 2017 18:30)

Victoria Gold has announced a $6.2m Phase 1, 2017 mineral exploration campaign at its 100%-owned Dublin Gulch site and other regional properties.

Victoria Gold to conduct $6.2m exploration at Dublin Gulch, Canada

Victoria Gold has announced a $6.2m Phase 1, 2017 mineral exploration campaign at its 100%-owned Dublin Gulch site and other regional properties.

The exploration programme will focus on the Dublin Gulch claim block with minor explorations at regional targets in the larger Yukon property holdings.

Victoria Gold president and CEO John McConnell said: “2017 will be an exciting and busy exploration season for Victoria as we look to advance a series of high priority exploration targets previously identified on the large Dublin Gulch Block.

“Our exploration team has been working with minimal budgets for many years and has delivered high-quality reserve ounces at the Olive-Shamrock target, which were included in the Updated Eagle Feasibility Study, filed in October 2016.

“The mineral endowment of the Dublin Gulch claim block is impressive, and management believes that 2017 represents a unique opportunity to underscore this through systematic exploration efforts in parallel to the development of our Eagle Gold Mine advances.”

The company also stated plans to continue definition drilling at the Olive-Shamrock Zone to expand mineable tonnage at the mineralised shear zone.

"Our exploration team has been working with minimal budgets for many years and has delivered high-quality reserve ounces at the Olive-Shamrock target."

Furthermore, six first order targets along the Potato Hills trend will be explored this year.

The 2016 Phase 1 and Phase 2 drilling campaigns at the Olive-Shamrock Zone were successful in defining mineralisation controls and this year’s 2017 drilling will target additional definition of the Olive-Shamrock mineralised structure, as well as exploration along strike of the mineralised trend.

Located in the Yukon Territory of Canada, Dublin Gulch gold property is nearly 375km from Whitehorse.

The site for its Eagle Gold Deposit, Dublin Gulch covers an area of 555km2. The company maintains a 100-person all-season camp at the project site, which is accessible by road throughout the year.

According to the National Instrument 43-101 feasibility study, the Eagle Gold Mine hosts proven and probable reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67g of gold per tonne.


Image: Eagle Gold project map. Photo: courtesy of Victoria Gold.