Whitehorse, YT / August 21, 2023 / Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) is pleased
to provide an update on the status of operations at the Eagle Gold mine (“Eagle”) in Yukon, Canada.
Following the second evacuation of Eagle on August 4, 2023, due to the proximity of the East McQuesten
wildfire, favourable conditions allowed for the return of employees to site on August 10th (see release dated
August 9, 2023). Full production rates at the operation were resumed on August 11th
. Yukon Wildland Fire
Management demobilized from Eagle on August 13th
.
Separately, the evacuation order for the village of Mayo was lifted on August 13
th and the Company has reestablished its normal supply chain and crew change logistics.
Mr. John McConnell, President and CEO commented, “We are pleased that operations have returned to
normal. Rainy conditions over the past week have significantly reduced the wildfire risk near Eagle. We
would like to thank our employees and contractors for their excellent response to this situation, which
allowed a smooth restart of production. The Yukon Wildland Fire Management team provided a
comprehensive, professional response to the East McQuesten wildfire for which we are grateful. We are
also pleased to see the evacuation order lifted for the residents of Mayo. Our thoughts are with the
residents of Yellowknife, Kelowna and the many other communities across Canada and internationally who
continue to be affected by wildfires.”
Qualified Person
The technical content of this news release has been reviewed and approved by Paul D. Gray, P.Geo., as the
“Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About the Dublin Gulch Property
Victoria Gold's 100%-owned Dublin Gulch gold property (the “Property”) is situated in central Yukon
Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately
85 kilometers from the town of Mayo. The Property is accessible by road year round, and is located within
Yukon Energy's electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company's Eagle
and Olive Gold Deposits. The Eagle Gold Mine is Yukon's newest operating gold mine. The Eagle and Olive
deposits include Proven and Probable Reserves of 3.3 million ounces of gold from 155 million tonnes of ore
with a grade of 0.65 grams of gold per tonne, as outlined in a National Instrument 43-101 Technical Report
for the Eagle Gold Mine dated December 3, 2019. The Mineral Resource under National Instrument 43-101
– Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Eagle and Olive deposits has been
estimated to host 227 million tonnes averaging 0.67 grams of gold per tonne, containing 4.7 million ounces
of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further
28 million tonnes averaging 0.65 grams of gold per tonne, containing 0.6 million ounces of gold in the
"Inferred" category.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". Except
for statements of historical fact relating to Victoria, information contained herein constitutes forwardlooking information, including any information related to Victoria's strategy, plans or future financial or
operating performance. Forward-looking information is characterized by words such as “plan”, “expect”,
“budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or
statements that certain events or conditions “may”, “will”, “could” or “should” occur, and includes any ... see & read more on
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