Yukon Explorer Ready To Swoop At Raven
Victoria Gold Corp. (TSX:VGCX) reports that its 2021 exploration season at the Dublin Gulch Property in the Yukon is now in full swing.
The company has ramped up exploration timelines ahead of schedule due to favourable operating conditions, which will result in a longer, more intensive programme for 2021.
President and CEO, John McConnell, said the originally planned exploration budget for 2021 has been stepped up to allow for a minimum of 15,000m of diamond drilling and related exploration initiatives. Victoria is targeting the definition of a maiden gold resource on this rapidly emerging, high-grade, near surface gold deposit.
“Victoria is excited to begin the 2021 exploration programme at Raven,” Mr McConnell said. “The 2020 work at Raven proved consistent gold mineralisation across the zone which extends well beyond the areas drill tested to date. This season, we will build on that success with the aim of defining a meaningful maiden resource at Raven.”
There are four diamond drill rigs currently on site. In conjunction with the extensive drilling program, a regional 2021 Dublin Gulch Gold Camp exploration program including surface trenches, expanded soil-geochemistry, detailed structural/geological mapping and prospecting will also be conducted.
The Raven Exploration Programme is designed to test an area of projected mineralisation extensions that would more than double the current 750m strike length of Raven through fence based diamond drilling, surface trenches and additional detailed structural analysis and mapping.
Raven was first identified in 2018 with the late season surface trench discoveries which included results of 124.0 meters of 3.51 g/t Au and 50.0 meters of 4.15 g/t Au among other notable intervals at the heart of what is now Raven.
Follow-up drilling at Raven have repeatedly returned high-grade gold intersections accompanied by prolific visible gold occurrences along a major and consistently mineralised corridor which has grown from a single trench to 750m of defined mineralised with significant expansion potential. To date there have been 9,600m of diamond drilling from 43 holes; 7.5 km of surface trenches and over 6,000 soils geochemical samples used to define the Raven Zone.
Highlighted Raven drill results to date include:
2.79 g/t Au over 10.1 m in hole NG18-006C
1.49 g/t Au over 20.6 m in hole NG18-007C
1.15 g/t Au over 25.9 m in hole NG19-011C
1.05 g/t Au over 42.4 m in hole NG19-012C
2.35 g/t Au over 15.9 m in hole NG19-015C
2.05 g/t Au over 14.8 m in hole NG19-016C
Multiple phases of mineralisation at Raven have been identified, a fact that underscores the potential for Raven to host a meaningful gold deposit.
Victoria Gold believes Raven represents a potentially high-grade, on-surface gold deposit that lies in the extreme southeast contact of the Nugget intrusive stock within the surrounding Hyland group metasedimentary package. This large, approximately three km by two km Cretaceous intrusive body is highly prospective to host Eagle-style sheeted vein mineralisation