Home / Mining Company News Releases (Unreviewed) / Streetwise Reports Examines A Yukon Gold Developer 'In a Good Position to Scale Up Construction'

Streetwise Reports Examines A Yukon Gold Developer 'In a Good Position to Scale Up Construction'

MarketwiredMarketwire.comStreetwise Reports Examines A Yukon <a href="https://www.geologyforinvestors.com/gold/">Gold</a> Developer ‘In a Good Position to Scale Up Construction’

http://www.marketwire.com Marketwired en Copyright: (C) Marketwired 1 http://www.marketwire.com/rss/marketwire_logo.jpg http://www.marketwire.com

SAN FRANCISCO, CA–(Marketwired – September 05, 2017) – This Canadian miner broke ground on development of its flagship gold project, paving the way for commencement of production in 2019, and also has stepped up exploration on a neighboring prospect.

Company included in article: Victoria Gold Corp.

Victoria Gold Corp. (TSX VENTURE: VIT), which holds 100% ownership of the Eagle property, located 375 kilometers north of Whitehorse in Yukon Territory, announced the onset of Phase 1 construction on Aug. 21. The CA$40 million first phase will include “road upgrades, camp expansion, and detailed engineering,” as well as “critical path earthworks, including earthwork at the toe of the in-valley leach facility, and cut and fill of the crusher foundation,” according to the company press release.

John McConnell, Victoria’s president and CEO, called the start of construction “an exciting milestone in the ongoing development of the Eagle Gold Project. The Phase 1 construction program will set us up for an efficient, low-risk construction program in 2018.”

In an Aug. 21 research report, PI Financial’s Adam Melnyk wrote that, in light of the onset of construction, his firm expects production at the Eagle mine “to commence in 2019 and average 183,000ozs Au at C$720/oz cash costs. This will place Victoria in a good position to scale up construction in 2018 as some of the construction work is limited to only the warm and dry months of the year.

Continue reading this article: Yukon Gold Developer ‘In a Good Position to Scale Up Construction’

About Streetwise Reports/The Gold Report

Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.


The following companies mentioned in this article are sponsors of Streetwise Reports: Victoria Gold Corp. Streetwise Reports does not accept stock in exchange for its services.

The full disclosure is provided at the end of the published article: Yukon Gold Developer ‘In a Good Position to Scale Up Construction’


For more information, please contact:

Melissa Farley
Associate Publisher
Email contact

Tue, 05 Sep 2017 13:00:00 GMT


Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2160888. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.