Victoria Gold Corp. (VIT:TSX.V) announced in a news release that its discovery diamond drill hole, NG18-006C, in the Nugget zone, returned 101.5 meters (101.5m) of 0.67 grams per ton (0.67 g/t) gold from surface, including 10.1m of 2.79 g/t gold.
"To produce this tenor of mineralization from a first-pass drill program is truly impressive and a testament to both the mineral endowment of Dublin Gulch and the validity of the Potato Hills Trend model," President and CEO John McConnell said in the release.
Nugget, the latest target on Potato Hills, represents "the second largest known cretaceous intrusive body on the Dublin Gulch property" in the Yukon Territory, the release noted. Recent drilling at Nugget focused on the newly discovered Raven target, where three of this program's eight holes were placed.
Even as Victoria brings its Eagle mine online, it will continue to explore and prove out the potential it believes exists at Dublin Gulch, McConnell added.
Read what other experts are saying about:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Victoria Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.