Monday 24th July 2017

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Victoria Gold reports Yukon Assays up to 12.03 g/t Gold over 30.5m

VIT:CA announced assays from the Shamrock zone of its Dublin Gulch property in Yukon. Results include 12.03 g/t gold over 30.5 metres (including 27.98 g/t over 12.2 metres), 5.68 g/t over 0.6 metres and 10.02 g/t over 1.7 metres.

President/CEO Chad Williams told, “Today’s press release is the first release we’ve made on this summer’s campaign, so it needs to be stressed that this is just the beginning of a flood of information. We’ve just completed a pre-feasibility study for our Eagle ore body; it’s economic even at $900 an ounce gold and the grades are under one gram. What we released today are obviously very high grades compared to that. The interesting thing is that we’re now hitting substantially higher grades in what is also a completely different geologic setting. Notably this is so in the Catto zone, where we’re finding gold in sediments. This is the first time that we’ve found, and I think that any previous operator has found, gold in sediments on this property. Which could open it up to a completely different setting for finding gold.

“The Potato Hills trend has never been recognized before and we’re finding anomolous gold all over it,” continued Mr. Williams. “So in many ways it’s opening a brand new book—it’s not even a new chapter—in terms of exploration on this property. Which is what makes this so exciting. One hole is very interesting and meaningful, but really it’s the promise of future exploration and the potential that it may have that gets us very excited.”
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Chad Williams,
416.866.8800 ext. 230

by Ted Niles

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