Canadian Mining Journal

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Victoria Gold nears production at Eagle in Yukon



These are exciting days for Victoria Gold (TSXV: VIT) as the company transitions its flagship Eagle open-pit gold project in the Yukon from development into production.

At the end of September, the company had mined 1.7 million tonnes of ore and stacked 1.1 million tonnes of crushed mineralized material on the heap leach pad, pouring its first gold on Sept. 17.

“After ten years of blood, sweat and tears, it feels pretty good,” John McConnell, Victoria Gold’s president and CEO, said in an interview with The Northern Miner, adding that he is “guiding people for the second quarter of 2020” in terms of commercial production.

Based on initial mining, gold grade to the leach pad and initial grade reconciliation are in line with expectations, and the company shipped its first 2,450 oz. of 83.3% gold and 8.7% silver doré, valued at over $4 million, to the Royal Canadian Mint on Oct. 8. Victoria expects to continue with weekly pouring and shipment of doré bars.

Continue reading at The Northern Miner.