McJ remains ZON's best asset.
Victoria Gold Doubles Strike Length at Raven Target on Dublin Gulch Property
Whitehorse, YT / August 17, 2020 / Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the
“Company”) is pleased to provide a 2020 Dublin Gulch camp exploration update.
To date, this year’s exploration program has focused on step-out diamond drilling and
surface trenches at the high-grade, near-surface gold showings at Raven, Victoria’s newest
gold discovery, located along the Potato Hills Trend.
Gold assay results from 1,094 samples have been received including complete results for the
first five step-out drillholes. High-grade gold intersections have been identified in every one
of these holes including:
• 34.60 grams per tonne gold (g/t Au) over 0.6 meters (m);
• 29.80 g/t Au over 0.6m;
• 27.40 g/t Au over 0.7m;
• 24.20 g/t Au over 1.1 m;
• 19.06 g/t Au over 1.4 m;
• 10.76 g/t Au over 3.6 m;
• 4.17 g/t Au over 9.6 m;
• 3.41 g/t Au over 12.6 m; and
• 2.25 g/t Au over 10.3 m.
Long intercepts of gold mineralization from surface were also encountered, including:
• 0.43 g/t Au over 199.5 m; and
• 0.42 g/t Au over 240.8 m.
Drillholes NG20-018C and NG20-019C are 100 meter and 150 meter step-outs while drillholes
NG20-020C and NG20-022C represent 200 meter step-outs along strike and to the east from
previous Raven drillholes. NG20-021C is a 100 meter step-out to the west of previous drilling.
The high grade results demonstrate the consistency and continuity of the mineralized veins
first tested in 2018 across Raven. These results have extended the mineralized footprint of
the target defined by diamond drillholes to over 450 meters along strike, more than doubling
the drillhole defined strike length from the 2019 Exploration Program.
“The 2020 Dublin Gulch exploration campaign is proceeding well and we are excited to see
Raven continue to produce high-grade gold intersections as we step out along the strike
extent of this growing zone.” stated John McConnell, President & CEO. “We remain bullish on
the geological potential of the broader Dublin Gulch property and while the Eagle Gold Mine
is the first to production, we hold strong conviction other deposits will follow.
The 2020 Exploration Program has ,thus far, included:
• 17 diamond drill holes totalling over 4,040 meters at Raven;
• over 2,500 meters of surface trench construction;
• the collection of 2,026 soil samples from Dublin Gulch East;
• the shipment of more than 3,625 core and trench samples; and
• access construction to the Lynx target and establishment of the Lynx camp.
A third diamond drill rig has been added to the program and will be focused on drill testing of
Dublin Gulch East targets; including Nugget, Whiskey Wrinkles and Lynx (See Company News
Release of June 23, 2020 for additional program objective details).
The 2020 Dublin Gulch exploration program is planned to continue into the fall and will
include additional diamond drilling, surface trenches, soil-geochemistry, detailed geological
mapping and prospecting combined with ongoing access updates focused on each of the
Raven, Nugget and the Lynx targets.
A summary table of the first five 2020 Raven diamond drill holes is presented in the Table
below:
Hole ID From (m) To (m) Length* (m) Gold (g/t) Silver (g/t)
NG20-018C 1.7 201.2 199.5 0.43 3.56
including 70.0 80.3 10.3 2.25 5.34
with 75.7 76.1 0.4 33.40 11.00
and including 108.5 118.1 9.6 4.17 28.38
with 109.2 110.3 1.1 24.20 200.00
NG20-019C 9.5 250.2 240.8 0.42 3.41
including 159.2 176.2 17.0 2.39 6.22
with 160.3 163.9 3.6 10.76 21.48
including 162.8 163.9 1.1 27.90 53.00
and with 162.8 176.2 13.4 2.38 6.34
and including 208.5 216.5 8.0 3.84 22.98
with 214.5 215.9 1.4 19.06 116.01
NG20-020C 152.3 164.9 12.6 3.41 7.81
including 152.3 153.0 0.6 34.60 11.00
and including 227.9 230.7 2.8 2.26 15.19
with 230.1 231.7 0.6 9.52 43.00
NG20-021C 27.0 39.1 12.1 2.19 8.56
including 35.3 35.9 0.6 29.80 91.00
NG20-022C 189.8 208.7 19.0 1.11 4.85
196.7 197.4 0.7 27.40 13.00
*Note: Reported intersections are drilled intersections and are estimated to be approximately 80% of true width
of the mineralized zones.
A set of sections and plan maps to accompany these Raven drillholes will be made available
on the company website (
www.vgcx.com
).
Analytical Method
All exploration drill core from the Dublin Gulch gold camp 2020 program was analyzed at SGS
Canada Inc. of Burnaby, B.C. utilizing the GE_ICP40Q12, 34-element analytical package with
GE_FAA50V5 50-gram fire assay with gravimetric finish for gold on all samples. All core
samples were split on-site at Victoria's Nugget exploration camp and shipped to SGS Canada
Inc.'s Whitehorse preparation facility. There, samples were sorted and crushed to
appropriate particle size (coarse crush) and representatively split to a smaller size (250
grams) for shipment to SGS Canada Inc.'s Burnaby analytical laboratory facilities. A
comprehensive system of standards, blanks and field duplicates has been implemented for
the 2020 Dublin Gulch gold camp exploration campaign and is monitored as chemical assay
data become available.
Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray,
P.Geo., as the Qualified Person.
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.