51% Jump In YTD Numbers To 58,899 Ozs
Victoria Gold Corp. (TSX-VGCX) has produced 32,140 ounces of gold during the period April 1 to June 30, 2021; the second quarter of 2021.
Year-to-date gold production is 58,899, an increase of 51% over the same period in 2020.
“Q2 was another good quarter at Eagle and with increased ore stacked, we expect to see continued growth in quarter over quarter gold production,” President and CEO, John McConnell, said.
“The plant modifications we made in Q4 2020 and Q1 2021 are really starting to pay off.”
Gold production in Q2 2021 was 32,140 ounces, a 12% increase from the same period of 2020.
Ore and waste tonnes mined as well as strip ratio in Q2 2021 were similar to the same period of 2020. Tonnes stacked were 8% higher in the second quarter of 2021 versus the second quarter of 2020 and year-to-date were 10% higher compared to the same period last year.
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 km north of the capital city of Whitehorse, and approximately 85 km from the town of Mayo.
The Property covers an area of approximately 555 sq. km 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. The Mineral Resources 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.
For further Information please visit: https://vgcx.com/