Whitehorse, YT / February 28, 2022 / Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased to provide assay results received to date from the 2021 Dublin Gulch exploration program’s Raven diamond drillholes. Raven is one of several priority on/near-surface gold targets within the Dublin Gulch Gold Camp and was the primary focus of 2021 Dublin Gulch exploration activities. During the 2021 season, 20,000 meters (m) of diamond drilling were completed across the claim package; including 33 drillholes for 8,063 m at Raven. Highlighted assay results from 19 Raven holes follow:

1.25 g/t Au over 70.0 m from 245.0m in NG21-067C
1.67 g/t Au over 13.5m from 97.7m in NG21-050C
1.01 g/t Au over 21.1m from 155.8m in NG21-055C
1.74 g/t Au over 15.1m from 92.4m in NG21-061C
1.49 g/t Au over 21m of from 286.7m in NG21-062C

The 2021 Raven exploration program was designed to build upon a previously defined 750m strike length from fence-based diamond drilling, surface trenches and additional detailed structural analysis and mapping. The 2021 program successfully doubled the strike length of Raven to ~1.3 km, particularly to the west in an area covered by overlying metasedimentary lithologies. The Company is targeting an inaugural mineral resource estimate for Raven this year.

"Raven continues to produce high grade gold intervals with continuity across a greatly expanded 1.3 km strike length.”, commented John McConnell, President and CEO of Victoria, “Importantly, it is our intention to fast track Raven development with a focused 2 kilometer drilling program in 2022.”

The Raven 2022 program will begin in Q2 and includes:

20,000 meters of diamond drilling
10 km of surface trenching
Construction of an on-site assay prep lab
Expansion of the accommodations camp
Expanded soil-geochemistry
Detailed structural/geological mapping and prospecting
Victoria closed a financing for gross proceeds of $20M on Feb 3, 2022, issuing 1.0 million Canadian Exploration Expense (“CEE”) flow-through common shares at $20 per share. The Company intends to use the gross proceeds of the offering for continued exploration activities on the Dublin Gulch property.

Highlighted analytical results from the first 19 of 33 drillholes at Raven are presented below.

Table 1: Raven 2021 Diamond Drillhole Highlighted Results

Hole ID From (m) To (m) Length* (m) Gold (g/t)
NG21-048C 116.3 154.0 37.7 0.54

see & read more on
https://vitgoldcorp.com/news/victoria-gold-raven-drill-results-dublin-gulch-yukon/