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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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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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