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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: VIT
Latest Price: 0.24  (0,00%)
52-week High: 0.74
52-week Low: 0.24
Market Cap: 66.49M
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Victoria Gold Corp
www.vitgoldcorp.com

Victoria Gold Corp. is an exploration company with interests in 17 gold projects located in North Central Nevada covering over 50,000 hectares (120,000 acres).

The Company’s strategy is to add value per share through efficient exploration, accretive acquisitions and effective marketing.

Maintaining a low risk profile through project diversification sound financial management and operating in secure jurisdictions are key priorities for Victoria’s management team.

Full Victoria Gold Corp profile here
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Victoria Gold reaffirms commitment to acquiring StrataGold Corp

5th May 2009, 4:06 pm
Victoria Gold reaffirms commitment to acquiring StrataGold Corp

Victoria Gold Corp. (TSX-V: VIT) reiterated its commitment to acquiring StrataGold Corp, which it said was selected as an acquisition target due to the potential of the Eagle Zone Project – an advanced stage gold project.   Eagle Zone hosts an NI 43-101 indicated resource of 2.7 million ounces of gold grading 0.85 grams per tonne.

Victoria Gold believes the project may be suitable for a low cost heap leach gold mine.


“In the opinion of management of Victoria, the Eagle Zone Project shares many geological similarities to Kinross Gold Corporation's Ft. Knox Gold Mine in Alaska. Kinross Gold is Victoria's largest shareholder, holding approximately 25% of the Company's outstanding common shares,” the company added.


As part of the acquisition, Victoria Gold agreed to lend StrataGold up to $750,000, but today confirmed that it had extended the loan by a further $250,000 to allow StrataGold to ensure that the project’s permitting process remained ‘on track’.


The junior gold exploration and development company also confirmed that it had received permitting to drill 10 sites at its Summit property in Nevada.

 

Victoria Gold Corp will be presenting at our One2One Investor Forum in Toronto this evening, alongside Kootenay Gold and El Nino Ventures.

If you would like to attend, please register here

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.