Noteworthy Milestone With Company On Positive Growth Target
Victoria Gold Corp. (TSXV:GCX) will be added to the VanEck Vectors Junior Gold Miners ETF (GDXJ) Index after the close of markets on December 18, 2020.
“Inclusion in the GDXJ is a noteworthy milestone for Victoria as it is an indication of the Company’s ongoing growth,” President and CEO, John McConnell, said.
“Graduating to the Toronto Stock Exchange earlier this year along with becoming a constituent of the GDXJ and other major exchange traded funds provides Victoria’s investors with improved liquidity, trading flexibility and value.”
Victoria Gold is developing the 100%-owned Dublin Gulch gold property in central Yukon Territory, Canada.
The project is located approximately 375 km north of the capital city of Whitehorse, and approximately 85 km 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 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 Resource 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.