Victoria Gold: Phase 1 Construction underway at the Eagle Gold Project, Yukon
By Corinne Lynds
Construction earthwork foundation mine construction roads Yukon
Victoria Gold Groundbreaking Ceremony at the Eagle Gold Project in Yukon Territory on August 18, 2017. From left to right; Marty Rendall, Victoria CFO, John McConnell, Victoria President & CEO, Simon Mervyn, Nacho Nyak Dun Chief, Sandy Silver, Yukon Premier, Mark Ayranto, Victoria EVP. Photo by Alistair Maitland Photography
TORONTO, ON – Victoria Gold Corp. announced the start of a $40M Phase 1 Eagle Gold Mine construction program. The program will focus on:
- Preparing the mine site for construction in 2018;
- Road upgrades,
- Camp expansion, and
- Detailed engineering.
- Critical path earthworks, including;
- Earthwork at the toe of the in-valley leach facility, and
- Cut and fill of the crusher foundation.
In conjunction with this program, a number of contracts have been awarded that include significant participation by the First Nation of Nacho Nyak Dun Development Corp.:
| • | EPCM | JDS / Hatch |
| • | Earthworks | Pelly Construction and NNDDC-Cobalt JV |
| • | Catering & Site Services | NND Summit Camp Services Ltd. |
| • | Access Road and Bridge Upgrades | NNDDC-Cobalt JV |
| • | Camp Facilities | NND Summit Camp Services Ltd. |
| • | Misc Site Services | Ewing Construction (NND business) |
| • | Surveying | Underhill (NNDDC partnership) |
| • | Expediting | Smalls Expediting |
An official “Ground Turning” event was held Friday, August with many of the Yukon’s political and business leaders. See photo attached, from left to right; Marty Rendall, Victoria CFO, John McConnell, Victoria President & CEO, Simon Mervyn, Nacho Nyak Dun Chief, Sandy Silver, Yukon Premier, Mark Ayranto, Victoria EVP.
About the Dublin Gulch Property
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the Village of Mayo. The Property is accessible by road year-round, and is located within Yukon Energy’s electrical grid. The Company has constructed and maintains a 210 person all-season camp at the project site.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company’s Eagle Gold Deposit. The Eagle Gold Mine is expected to be Yukon’s next operating gold mine and, between the Eagle and Olive deposits, include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated to host 191 million tonnes averaging 0.65 grams of gold per tonne, containing 4.0 million ounces of gold in the “Measured and Indicated” category, inclusive of Proven and Probable Reserves, and a further 24 million tonnes averaging 0.61 grams of gold per tonne, containing 0.5 million ounces of gold in the “Inferred” category.
