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Market: TSX-V
Sector: Gold Mining
Epic: .VIT
News: Latest news
Web Site: Victoria Gold Corp
Other Articles: 04-02-201012-01-201023-10-2009

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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Tuesday March 16, 07:34McEwen still positive on $2,000 gold this year - and $5,000 ahead

In an interview at last week's PDAC, Rob McEwen restated his forecast that gold will hit $2,000 this year and $5,000 longer term.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Victoria Gold Corp

Victoria Gold Corp

Victoria Gold Corp (TSX.V: VIT) is a gold growth company focused on value creation for shareholders through efficient exploration and accretive acquisition. The company has an unparalleled project pipeline relative to its peers with a gold inventory of over 4.4 million ounces pro-forma the recent acquisitions of Gateway Gold Corp. and StrataGold Corp.  In addition, the company's Cove project has recently returned very positive gold exploration results placing it amongst the best gold discoveries in Nevada in several decades.  The gold mineral assets are located in areas of lower political risk and are at the development stage.

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Tuesday, January 12, 2010

Victoria Gold intersects 283 meters grading 2.9 grams per tonne at Santa Fe project

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Victoria Gold (TSX VENTURE: VIT) report further highly encouraging assay results from the Santa Fe gold project in Nevada.  Victoria Gold can earn up to 70% in the project from Barrick Gold (TSX & NYSE: ABX) by expending US$6.5 million over six years. In addition to the claims included in the earn-in agreement with Barrick Gold, Victoria Gold has also staked a further 42 unpatented claims adjacent to Santa Fe.


The gold exploration junior released assay results from drill hole BH-3, which intersected numerous intervals of gold mineralization, including 283.9 meters averaging 2.9 grams per tonne (g/t) gold from just 2.9 meters. The same hole also intersected 8.1 meters averaging 3.67 g/t gold from 307 meters, and 6.1 meters averaging 2.35 g/t gold from 355 meters. The 283.9 meter interval included four higher grade zones, the best being 11.3 meters averaging 11.56 g/t gold from 142 meters.


Victoria Gold also noted that poor recoveries had occurred between 3 and 168 meters


"Similar to drill hole BH-2's interval of 309 m grading 2.25 g/t reported on October 22, 2009, BH-3 returned a very wide interval of gold mineralization; importantly, BH-3 also contained a higher-grade mineralized block having a minimum of 11.3 m grading 11.46 g/t which Victoria views as very encouraging", said Chad Williams, President, CEO, and Director.


The mineralization remains open at depth and along strike.


Victoria Gold is currently drilling BH-4, which is targeting higher grade gold mineralization in the north-east zone of the Santa Fe open pit.  The company also reported that an additional rig is on route to speed up exploration.

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