Victoria Gold pours first gold at Eagle Gold Mine in Canada

20 September 2019 (Last Updated June 17th, 2020 11:29)

Canadian gold exploration and development company Victoria Gold has poured first gold at Eagle Gold Mine in Canada.

Victoria Gold pours first gold at Eagle Gold Mine in Canada
The inaugural gold bar weighed approximately 1,001 ounces. Credit: Victoria Gold Corp.

Canadian company Victoria Gold has poured first gold at the Eagle Gold Mine in Canada.

The company said that the inaugural gold bar weighed in at 1,001 ounces (oz).

Victoria Gold president and CEO John McConnell said: “After all the blood, sweat and tears required to explore, develop, permit, finance and build a gold mine in Canada’s north, it is extremely gratifying to pour the first gold bar at Eagle.

“With this key milestone behind us, we are focused on building ore on the heap leach pad and exceeding expectations for all our stakeholders.”

The company continues to increase operations at the site and is crossing the ramp-up schedule for ore mined and ore tonnes stacked on the heap leach pad.

Victoria Gold noted that its working crew has now surpassed 1.7 million hours worked without a lost-time incident.

Until now, 251 operational Yukoner employees have been hired for the mine, including several citizens from the First Nation of Nacho Nyak Dunn.

The company’s 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada. It is located approximately 375km north of the capital city of Whitehorse and is 85km away from the town of Mayo.

Covering an area of approximately 555km⊃, the property is at the site of Victoria Gold’s Eagle Gold deposit, which is currently under construction and is expected to be Yukon’s next operating mine.

In July 2017, Victoria Gold executed an agreement for $220m in debt financing for the development of the Eagle Gold project.

In the same year, the company announced a $6.2m Phase 1, 2017 mineral exploration campaign at its Dublin Gulch site and other regional properties.