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MEI Online: Plant Operation News: North America: October 2nd 2019

 
 

Click for more info on Process Mineralogy '20

  

:: Eagle Mine’s First Gold Pour Completed

 

“After all the blood, sweat and tears required to explore, develop, permit, finance and build a gold mine in Canada’s north, it is extremely gratifying to pour the first gold bar at Eagle,” stated John McConnell, President & CEO. “With this key milestone behind us, we are focused on building ore on the heap leach pad and exceeding expectations for all our stakeholders.” The inaugural gold bar was poured by Sandy Silver, Yukon’s Premier, and weighed in at 1,001 ounces gold.

Ramp-up of operations at site continues to proceed well and we are exceeding the ramp up schedule for ore mined and ore tonnes placed on the heap leach pad. Safety remains a top priority and we have now achieved 1,720,843 Lost Time Free hours on site; 189,864 hours of which are directly attributable to the operations team. A focus on local Yukon hiring has achieved 54% of the 251 operational employees hired to date being Yukoners, including several citizens from the First Nation of Nacho Nyak Dunn.

A video of the first gold pour has been posted on the Company’s website www.vitgoldcorp.com.

About the Dublin Gulch Property

Victoria Gold's 100%-owned Dublin Gulch gold 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 Gold Deposit. The Eagle Gold Mine is under construction and is expected to be Yukon's next operating gold mine. The Eagle and Olive deposits, include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study entitled Report for the Eagle Gold Project and dated October 26, 2016. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated, as at December 5, 2018, to host 208 million tonnes averaging 0.66 grams of gold per tonne, containing 4.4 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 20 million tonnes averaging 0.64 grams of gold per tonne, containing 0.4 million ounces of gold in the "Inferred" category.

 

 

   

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