YUKON – Toronto’s Victoria Gold Corp. has filed a revised feasibility study for its Eagle gold (Dublin Gulch) project 375 km north of Whitehorse. At the request of the Ontario Securities Commission, the report now includes after tax economic assumptions.
The Eagle deposit has a probable reserves of approximately 92 million tonnes grading 0.8 g/t Au and containing 2.3 million oz of gold. The indicated resource (including the probable reserve) is 91.6 million tonnes at 0.781 g/t Au, plus an inferred resource of 2.2 million tonnes grading 0.456 g/t.
The $361.5-million project will be an open pit with a heap leach gold recovery facility that operates 250 days per year. Mining will proceed year-round, with ore being stockpiled during the coldest weather. Based on average treatment of 29,500 t/d and a diluted grade of 0.78 g/t Au, the project will recover about 1.68 million oz of gold over its life.
Victoria Gold expects the Eagle mine to be the Yukon’s next gold producer. The deposit contains an estimated 2.3 million oz of gold.
The new feasibility study is available at VitGoldCorp.com.