Victoria breaks ground On Eagle Gold Mine
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Last updated 1/14/2018 at 7:31am
Victoria Gold Corp.
From left to right: Victoria Gold CFO Marty Rendall, Victoria CEO John McConnell, Nacho Nyak Dun Chief Simon Mervyn, , Yukon Premier Sandy Silver, and Victoria Executive Vice President Mark Ayranto shovel first dirt at Eagle Gold during a "Ground Turning" event at the developing gold mine.
Victoria Gold Corp. Aug. 21 announced the start of a C$40 million phase-1 construction program at the Eagle Gold Mine project at the company's Dublin Gulch property in the Yukon.
This work is primarily focused on road upgrades, camp expansion and detailed engineering in preparation for more extensive development next year.
"This is an exciting milestone in the ongoing development of the Eagle Gold project," said Victoria Gold President and CEO John McConnell. "The phase-1 construction program will set us up for an efficient, low-risk construction program in 2018."
The company will also begin Critical path earthworks such as excavation at the toe of the valley heap leach facility and work on the crusher foundation this year.
A number of contracts have been awarded which include significant participation by the First Nation of Nacho Nyak Dun Development Corp. Yukon First Nations, business and political leaders joined Victoria Gold for an official "Ground Turning" event at Eagle Gold on Aug. 18.
The open-pit, heap-leach operation being developed at Eagle Gold is expected to produce 190,000 ounces of gold annually over a 10-year mine life, based on 116 million metric tons of reserves averaging 0.67 grams per metric ton (2.66 million oz) gold.
-SHANE LASLEY
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