Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) proudly announces John McConnell and the Victoria Gold team are the recipient of the AME 2021 E.A. Scholz Award for excellence in mine development.
The recipient of the AME 2021 E.A. Scholz Award are leaders who have made a significant contribution to the mineral exploration and development industry. A celebration of excellence will be held at the prestigious AME Awards Gala at the Vancouver Convention Centre West on Wednesday, February 2, 2022.
“Receiving this outstanding achievement displays John’s dedication and vision in bringing the Eagle Gold Mine into production.”, stated Sean Harvey, Chairman. “The Eagle Gold Mine, Yukon’s newest and largest ever gold mine, is the culmination of over a decade of work for John and the Victoria Gold team and the Yukon community and all stakeholders have an outstanding opportunity to share in the benefits for decades to come.”
About the Dublin Gulch Property
Victoria Gold’s 100%-owned Dublin Gulch gold property (the “Property”) is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year round, and is located within Yukon Energy’s electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company’s Eagle and Olive Gold Deposits. The Eagle Gold Mine is Yukon’s newest operating gold mine. The Eagle and Olive deposits include Proven and Probable Reserves of 3.3 million ounces of gold from 155 million tonnes of ore with a grade of 0.65 grams of gold per tonne, as outlined in a National Instrument 43-101 Technical Report for the Eagle Gold Mine dated December 3, 2019. The Mineral Resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Eagle and Olive deposits has been estimated to host 227 million tonnes averaging 0.67 grams of gold per tonne, containing 4.7 million ounces of gold in the “Measured and Indicated” category, inclusive of Proven and Probable Reserves, and a further 28 million tonnes averaging 0.65 grams of gold per tonne, containing 0.6 million ounces of gold in the “Inferred” category.
