North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Victoria Gold Corp. Jan. 24 announced the next batch of assays from the 2022 Raven exploration program at the company's Dublin Gulch property in Yukon, Canada, showcasing the incredible potential of this high-grade gold deposit.

Just a week since its last announcement regarding Raven, results are coming in hot from the program that saw more holes drilled into this emerging gold deposit than all previous seasons combined.

Which is no surprise as the company announced in September a maiden inferred resource of over 1 million ounces of gold.

You can read about last week's results from Raven at Victoria rebounds with Raven exploration in the January 20, 2023 edition of North of 60 Mining News.

Designed to expand the inaugural resource, drilling at Raven included the proximal program, which involved drilling within and proximal to the current footprint of the deposit to further define and test mineralization potential as well as contribute to a potential updated resource estimate that is projected for later this year; and the distal exploration program, which included drilling beyond the existing Raven deposit to test the extension of mineralization by approximately 500 meters strike length and over 100 meters in width.

Previously, 39 of the 46 holes from the distal program were received with highlights including:

• 6.9 meters averaging 7.18 grams per metric ton gold from a depth of 128.1 meters in hole NG22-155C, and 83.5 meters averaging 3.59 g/t gold from 213.5 meters; including 47 meters averaging 6.26 g/t gold from 213.5 meters, 14.5 meters averaging 20.24 g/t gold from 246 meters, and 5.3 meters averaging 45.84 g/t gold from 250.7 meters.

• 105.5 meters averaging 0.65 g/t gold from a depth of 202 meters in hole NG22-162C, including 5 meters averaging 8.28 g/t gold from 216.5 meters.

• 14.2 meters averaging 1.98 g/t gold from a depth of 67 meters in hole NG22-082C.

• 25.7 meters averaging 1.15 g/t gold from 85.3 meters in hole NG22-085C.

The Raven proximal program consisted of 30 drill holes totaling 8,810 meters within the existing Raven resource footprint, with 14 drillholes totaling 4,410 meters being collared within 100 meters of the resource.

Highlights include:

• 30.9 meters averaging 0.91 g/t gold from surface in drill hole NG22-101C, including 2.2 meters averaging 6.55 g/t gold from a depth of 31.1 meters.

• 11.7 meters averaging 2.18 g/t gold from a depth of 83.8 meters in NG22-106C, including 0.5 meters averaging 46.2 g/t gold from 83.8 meters.

• 51.2 meters averaging 1.06 g/t gold from 156.9 meters in NG22-113C, including 12.3 meters averaging 2.27 g/t gold from 173.2 meters, and 9.4 meters averaging 2.32 g/t gold from 198.6 meters.

• 45.5 meters averaging 1.19 g/t gold from 150.5 meters in NG22-141C, including 15.5 meters averaging 2.18 g/t gold from 159.5 meters.

• 257.3 meters averaging 0.51 g/t gold from surface in NG22-148C, including 18.5 meters averaging 1.61 g/t gold from 23 meters, 35.4 meters averaging 0.88 g/t gold from 159.5 meters, and 5.2 meters averaging 4.24 g/t gold from 258.8 meters.

Victoria Gold Corp.

Although called an open pit, Victoria Gold's Eagle gold mine is more like an open mountain.

• 11.2 meters averaging 2.19 g/t gold from 95.4 meters in NG22-158C, including 2.5 meters averaging 11.96 g/t gold from 149.5 meters.

"These results from within and close to the 2022 Raven resource underscore the continuity and high gold grades which define Raven," said Victoria Gold President and CEO John McConnell. "The consistency of the mineralized structures and grades across Raven are notable and, as demonstrated from the results of the Raven distal exploration program which were released last week, mineralization remains open for expansion, with the eastern strike extent a prime target for the 2023 exploration program."

Given these timely results, Victoria says it expects to have an updated Raven resource estimate ready to release some time in the first quarter 2023.