Victoria Gold Corp. is well on its way to pouring its first bar of gold this September at the Eagle Gold Mine at Dublin Gulch, in Central Yukon.
Located in the heart of the Yukon, about 85 kilometers north north-east of Mayo, the Eagle Gold Mine is expected to produce an average of approximately 200,000 ounces of gold per annum over a 10-year mine life at all-in sustaining costs of less than US$750 an ounce.
In addition, the mine benefits from good existing infrastructure, including year-round road access, grid hydro power and an airport at Mayo.
Since April 2018, Victoria Gold has been focused on the construction of the mine, which is now over 90% complete.
The earthworks, concrete, lining in the heap-leach facility and the power system are all in place.
Structural steel is substantially complete and the mechanical and electrical systems are over 80% complete.
The power line is now fully connected to the Yukon Energy grid and will be energized in early May, commissioning of the Primary Crusher, Secondary/Tertiary Crusher and the Gold Recovery Plant has begun, pre-production mining is well underway, and the team is on track to place the first ore on the heap leach pad in July with the first gold pour in September.
The combined proven and probable Reserve totals 2.7 million ounces of gold. When in production the mine will process approximately 30,000 tonnes per day, making it the largest gold mine in Yukon history.
With a crew of roughly 440 men and women working on site, Victoria Gold is proud to have recently achieved a major safety milestone and is now at 1.25 million labour hours without a lost time incident.
“We have assembled a great team of people on site with over 25 contractors fully engaged to bring the Eagle Gold Mine into production” says John McConnell, President and CEO. “We are very pleased with the progress and have the operations team in place to deliver Canada’s next gold mine.”
Early this year Victoria Gold initiated a cross-Canada recruitment campaign declaring, “Yukoners, It’s Time to Come Home”, to attract Yukoners with mining experience working in the south to return to meaningful employment near their home, family, friends and culture.
The campaign has proven very successful: of the approximately 440 people on site, about 35% are from the Yukon, with many from the local First Nation of Na-cho Nyak Dun, and surrounding communities.
Also, approximately 30% of the total workforce are women. Operational ramp up is well underway and nearly 50% of all employees are Yukoners.
The Company releases a new high energy video every two weeks showing the progress of construction at site, and these can be viewed at the website at vitgoldcorp.com.
Victoria Gold shares trade on the TSX Venture Exchange under the symbol VIT.
— The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Victoria Gold Corp. and compiled in cooperation with The Northern Miner. Visit www.vitgoldcorp.com for more information.