25 October: Victoria Gold Corp (VIT:TSXV) has released the assay results from two drillholes that have intersected gold grades adjacent to, and below, the proposed Eagle pit boundary. The results so far, with results from two holes awaited, confirm that there is consistent mineralisation beyond the pit walls and thus suggest that there is potential to improve the economics of the project.
The second hole, DG17-922C, intersected 624.1 m at a grade of 0.50 g/t gold from surface, including 371.1m at 0.65 g/t gold from 185.9 m, 37.2m at 1.27 g/t gold from 249.8 m and 38.8 m at 1.20 g/t gold from 468.3 m. This hole, into the Eagle Deeps area, backs up the results from the first hole in this programme, which intersected 423 m at a grade of 0.59 g/t gold from 221.0 m earlier in October.
Also on the Dublin Gulch property, Victoria has received promising results from drilling at the Catto zone, located between the proposed Eagle pit and the Olive-Shamrock deposit.
Highlights from the 11 holes drilled include 24.4 m at a grade of 1.64 g/t gold (from 33.5 to 57.9 m); 21.4 m at 0.99 g/t gold (from 138.8 to 155.2 m); 7.4 m at 1.19 g/t gold (from 119.6 to 127.0 m) and 1.4 m at 4.51 g/t gold (from 160.0 to 161.4 m).
The zone hosts several historic past gold producers but has not seen any modern, systematic drill-testing.