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Eagle mine, Canada

27th January 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

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Name of the Mine
Eagle mine.

Location
Victoria’s Dublin Gulch property, in the Mayo mining district of the central Yukon Territory, in Canada.

Mine Owner/s
Victoria Gold Corp.

Brief Description
The Eagle mine produces gold doré from a conventional openpit operation.

Brief History
The company completed construction of the Eagle Gold Mine in mid-2019 and poured its first gold in September 2019. On July 1, 2020 the Company achieved commercial production at the Eagle Gold Mine.

Primary Metals/Minerals
Gold.

Secondary Metals/Minerals
None stated.

Geology/Mineralisation
The Dublin Gulch property is underlain by upper Proterozoic to lower Paleozoic clastic sedimentary rocks that have undergone regional deformation, including Cretaceous age thrust faulting and subsequent granitoid intrusions.

Mineralisation is associated with granitic intrusive bodies, here described as the Eagle Zone and Olive Zone gold deposits, which are hosted primarily in granodioritic rocks. The gold deposits occur within the Tombstone gold belt, in the eastern portion of the Tintina gold province, which also hosts the Brewery Creek deposit and other gold occurrences in the Yukon.

Reserves
Total proven and probable reserves as at December 31, 2021, were estimated at 126-million tonnes grading 0.62 g/t gold.

Resources
Not stated.

Mining Method
Conventional openpit.

Major Infrastructure/Equipment
The mine comprises a three-stage crushing plant, and an in-valley heap-leach and carbon-in-leach adsorption-desorption gold recovery plant.

The mine has year-round road access. Personnel are accommodated in a 250-person all-season camp.

The mine is connected to the Yukon power grid, while a commercial airstrip, used to transport personnel, is located 80 km to the south near the village of Mayo.

Prospects
None stated.

Contact Details
Victoria Gold Corp
Tel +1 416 866 8800
Email ceo@vgcx.com

Sources
Victoria Gold Corp. Website: https://vgcx.com/.
Victoria Gold Corp. Consolidated Financial Statements as at and for the years ended December 31, 2021, and 2020.

Edited by Creamer Media Reporter

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