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Market: TSX-V
Sector: Gold Mining
Epic: VIT
News: Latest news
Web Site: Victoria Gold Corp
Other Articles: 23-06-201021-05-201014-04-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Victoria Gold Corp

Victoria Gold Corp

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.

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Friday, October 23, 2009

Victoria Gold Corp cuts 309 meters at 2.25 grams per tonne gold from surface

by Jamie Ashcroft company news image

Victoria Gold Corp. (TSX-V: VIT) announced assay results from diamond drill hole the BH-2 at the Santa Fe gold exploration project, Nevada. The gold assay results exceed the Company’s expectations and are ‘especially encouraging’ as the BH-2 drill hole is only the second to be drilled on the Santa Fe property. BH-2 was consistently mineralized with almost continuous gold values for a minimum of 385 meters.


The Santa Fe property is located in South Western Nevada, within the Walker Lane physiographic province. The Walker Lane, one of the prime exploration terrains in Nevada, is host to over 45m ounces of gold and 436m ounces of silver. The property consists of 24 patented claims and 226 unpatented claims.


BH-2’s ‘almost continuous’ mineralization intersected varied grading, with the most meaningful mineralization holding an average grade of 2.25 grams per tonne along 309 meters starting at the surface,  including a more concentrated 3.93 grams per tonne along 49m from a depth of 104 meters.


Victoria's exploration activities on the Santa Fe property started this summer. The previously disclosed findings of the first drill hole returned 1.34 grams per tonne over 47.6m. Victoria Gold Corp is exploring the property through an earn-in agreement with Barrick Gold Corporation, Victoria can earn up to a 70% interest in the Santa Fe gold property, by incurring exploration expenses in an at least $6.5m 9 (USD) over a six year period.


BH-2 was drilled in the southeast corner, and close to the bottom of the main pit. This pit was mined to a depth of approximately 75meters to the top elevation of BH-2. The company targeted one of three intersection zones mapped by its exploration team, in and close to the open pit.


The Company believes that the gold system continues to depth. The true thickness of the mineralization intersected by BH-2 is not known at this time due to insufficient drilling to date at this depth in this target zone.


Victoria's geologists are currently compiling and analyzing the information generated by BH-2 including its structural geology characteristics. This will help determine the true orientation and size potential of the mineralized zones in the area near BH-2.


According to Victoria Gold Corp the results provide evidence that its justified in its commitment to continue exploring for gold in Nevada The timing of further drilling at Santa Fe will be based on the prioritization of work on this property relative to potential activity on Victoria's other quality gold exploration projects in Nevada and elsewhere.

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