Mining News: New gold zone found near Eagle

Victoria Gold Corp. Sep. 25 reported results are from the 14 exploration holes drilled at the Eagle Extension zone, a previously under-tested area immediately west of the proposed Eagle Gold Mine. Highlights include: 21.3 meters of 0.64 grams per metric ton gold starting at a depth of 50.3 meters; 64 meters of 0.52 g/t gold from 30.5 meters; and 26.7 meters of 0.76 g/t gold from 43.3 meters. Earlier this year, Victoria Gold had similar success in drilling Eagle West, another zone that had limited previous drilling about 200 meters north of Eagle Extension. Earlier this month, Victoria broke ground on development of the Eagle Gold Mine, an open-pit, heap-leach operation at Eagle Gold is expected to produce 190,000 ounces of gold annually over a 10-year mine life from 116 million metric tons of reserves averaging 0.67 g/t (2.66 million oz) gold outlined prior to a 2016 updated feasibility study for the project.

–SHANE LASLEY