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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: VIT
Latest Price: 0.23  (-4.17% Descending)
52-week High: 0.74
52-week Low: 0.23
Market Cap: 63.72M
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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 cuts 29 metres at 16.75 grams per tonne gold at Cove Project

11th Dec 2008, 12:00 am Victoria Gold Corp reported positive assay results from drill hole NW-13a at its Helen Zone discovery which lies only 600 metres north-west of the historic Cove open pit gold mine.  The Cove mine is located in north-central Nevada. Newmont Mining produced approximately 2.3 million ounces of gold and 100 million ounces of silver over its seven year mine life.  Victoria Gold Corp believes the Helen Zone is a separate gold occurrence, and today reported that drill hole NW-13a intersected multiple zones of high grade gold mineralization, including 29.6 metres at 16.75 grams per tonne gold from 610 metres.
 
"These drilling results from hole NW-13a, which were better than the already high expectations of the Company, further confirm the existence of a discovery at the Helen Zone. Since the very first hole we drilled into the Helen Zone, we have continued to intersect high grade gold assays over wide intervals," said Chad Williams, President and CEO of Victoria Gold Corp. "The innovative techniques we employed to make the Helen Zone discovery can also be applied to Victoria's other core properties including the properties to be acquired as part of the Gateway transaction."

"Victoria has made this discovery at a very early stage in the exploration program and the Company is excited by the potential for expanding this discovery and indeed for finding new gold bearing zones at some of the other drill targets we have identified on the property using our 'structural systematics' methodology," said Chad Williams. "Our aim is to add value per share and the private placement fundraising we announced on December 1, 2008 will allow us to continue through 2009 in a market environment in which the Company believes many juniors may not survive."

Victoria Gold Corp has completed its work commitments to earn a 100% interest in the Cove project, subject to a 51% back-in right for Newmont Mining, or a $1.5 million payment to Newmont and a maximum royalty of 5%.

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