EDISON EQUITY RESEARCH : VICTORIA GOLD
August 12 2015 - 10:30AM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH: VICTORIA GOLD - OLIVE
MET RESULTS SUPPORT HEAP LEACHING
Metallurgical test results for the Olive satellite (to Eagle)
deposit back up initial test results published in February and
support Olive as a worthwhile potential higher-grade ore feed to
the future Eagle processing plant. Additional testing at the
Shamrock deposit is also anticipated, with early indications of
potentially greater gold recoveries. Victoria Gold (VIT) had
C$14.8m in cash at end February 2015 which, at current cash burn
rates, should last well beyond end CY17.
The Eagle Gold Project, Victoria Gold’s flagship project, is
located in the 100%-owned Dublin Gulch property in the Yukon
Territory, Canada. Victoria Gold also intends to explore its other
claims while developing Eagle and is looking to monetise its Santa
Fe project in Nevada, US.
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