Whitehorse, YT / September 3, 2019 / Victoria Gold Corp. (TSX.V-VIT) “Victoria” or the “Company” is pleased to announce analytical results from the 2019 diamond drilling program at the Raven Target within the Nugget Zone.
Multiple high-grade gold intersections, including:
- 2.05 g/t Au over 14.8 m,
- 7.72 g/t Au over 2.8 m,
- 4.48 g/t Au over 5.9 m,
- 2.35 g/t Au over 15.9 m, and
- 2.40 g/t Au over 8.1 m.
Long intercepts of gold mineralization, including:
- 1.05 g/t Au over 42.4 m, and
- 0.60 g/t Au over 88.1 m.
Mineralized veins were intersected in every hole at Raven and are interpreted to be structurally controlled. Exploration work over the past two seasons has proven the mineralized veins are both consistent and persistent across the Raven Target.
“The exploration team delivered exciting results despite the fact the exploration program was limited this year, as we focused on building the Eagle Gold Mine.” stated John McConnell, President & CEO. “Raven, Bluto, Olive-Popeye, and Falcon all have potential to add ounces across the Dublin Gulch property while we begin to mine and generate cash flow from Eagle.”
The goal of the 2019 Raven drill program was to follow up on the high-grade, on surface, gold mineralization discovered in late 2018 by surface trenches and limited diamond drilling. The 2019 program consisted of extensive surface trenches and drill testing of the Raven Target on nominal 50 meter step outs from the 2018 drill fence and surface trenches. During this year’s drilling campaign, further evaluation of the Nugget intrusive stock, which hosts the Raven Target, was undertaken as well as new access construction into areas in the eastern Dublin Gulch claim block that were previously inaccessible.
Nine short angled diamond drill holes (average hole depth of 180 meters) totaling 1,617 meters were drilled over approximately 400 m2 of the > 1 km2 Raven Target in 2019; which tested over 300 meters of strike length across the target. Additionally, over 5,400 meters of trenches were constructed across the Nugget Zone with 2,458 total trench samples.
The 2019 Raven drill program concentrated on the central portion of the coincident gold+arsenic+bismuth-in-soils anomaly that was defined from 2018 soils geochemical sampling. Raven is centered in this large 1,800 meter long by 900 meter wide soil anomaly that remains open to the south and east. The 2019 Raven trenches covered an area of over 800 m2 and returned multiple scorodite, bismuth and siderite related sulphide vein exposures throughout the trenches. Structural control of the mineralization is evident within the trenches and drill core and this information will be critically important for guidance in all next phase efforts at Raven, to vector in to the large high-grade dilatational fracture zone which is interpreted to host the Raven gold deposit. The density of intersected veins affords Eagle-style grade intervals over greater than 100 meter intervals. The majority of the Nugget gold stock remains untested, all of which represents top priority Eagle-style mineralization targets.
