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Be the first with the news that moves the market- Victoria Gold (VGCX) has revealed that latest assays from its Dublin Gulch gold exploration camp
- The work at Dublin Gulch has focused on the Raven deposit, the latest gold discovery Victoria has uncovered at the camp
- Assays from the five-step out holes drilled so far include 43.6 grams per tonne gold over 0.6 metres, 29.8 grams per tonne over 0.6 metres and 27.4 grams per tonne over 0.7 metres
- Drilling has confirmed that the mineralisation extends 450 metres along strike, more than doubling the length of the gold veins measured in the 2019 program
- Victoria Gold (VGCX) is up 6.9 per cent and is trading at C$18.74 per share
Victoria Gold (VGCX) has revealed that latest assays from its Dublin Gulch gold exploration camp.
The work at Dublin Gulch has focused on the Raven deposit, the latest gold discovery Victoria has uncovered at the camp.
Today the company released assays from five step-out drills on the deposit, encompassing 1094 samples.
The best results include 43.6 grams per tonne gold over 0.6 meters, 29.8 grams per tonne over 0.6 metres and 27.4 grams per tonne over 0.7 metres.
Other results from the drilling work include 24.2 grams per tonne gold over 1.1 metres, 19.06 grams per tonne over 1.4 metres and 10.76 grams per tonne gold over 3.6 metres.
Drilling has confirmed that the gold on the property extends 450 metres along strike, which more than doubles the length of the gold veins measured in the 2019 program.
The holes were spaced out at 100 to 150 metres intervals to determine the consistency and continuity of mineralized veins on the property.
Thus far, Victoria has drilled 17 holes totalling 4,040 metres at Raven, using three drill rigs. This has been further supplemented with 2,500 metres of trenching work, and the collection of 2,026 soil samples.
All of this work is being for with production from the nearby mine, which was the first deposit that Victoria Gold managed to advance to the production stage.
John McConnell, the President and CEO of Victoria Gold said that the 2020 work at Dublin gulch was proceeding well and the company is excited to see Raven continue to produce high-grade gold intersections.
“We remain bullish on the geological potential of the broader Dublin Gulch property and while the Eagle Gold Mine is the first to production, we hold strong condition other deposit will follow,” he said.
Victoria Gold (VGCX) is up 6.9 per cent and is trading at C$18.74 per share at 10:45 am EDT.
