TORONTO, March 04, 2019 (GLOBE NEWSWIRE) — Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to record that Yukon has ranked 9th location within the world for ordinary investment beauty as in keeping with the modern Annual Survey of Mining Companies launched on February 28, 2019, by using the Fraser Institute, an unbiased, non-partisan Canadian public policy assume-tank.
This file offers the results of the Fraser Institute’s 2018 annual survey of mining and exploration organizations. Survey responses were tallied to rank provinces, states, and countries in line with mineral endowment and public policy factors which include taxation and regulatory uncertainty.
The survey is to be had on the Fraser Institute internet site here.
About the Dublin Gulch Property
Victoria Gold’s a hundred%-owned Dublin Gulch gold belongings is located in critical Yukon Territory, Canada, about 375 kilometers north of the capital metropolis of Whitehorse, and approximately eighty-five kilometers from the town of Mayo. The Property is accessible by way of road yr-spherical and is located inside Yukon Energy’s electric grid.
The Property covers an area of about 555 rectangular kilometers and is the website of the Company’s Eagle Gold Deposit. The Eagle Gold Mine is below construction and is predicted to be Yukon’s next operating gold mine. The Eagle and Olive deposits, consist of Proven and Probable Reserves of two.7 million oz of gold from 123 million tonnes of ore with a grade of zero.67 grams of gold in step with tonne, as outlined in a National Instrument 43-one zero one feasibility observe entitled Report for the Eagle Gold Project and dated October 26, 2016. The NI 43-one hundred and one Mineral Resource for the Eagle and Olive deposits has been expected, as at December five, 2018, to host 208 million tonnes averaging zero. Sixty-six grams of gold in keeping with tonne, containing four.Four million oz. Of gold within the “Measured and Indicated” class, together with Proven and Probable Reserves, and a further 20 million tonnes averaging 0.64 grams of gold consistent with tonne, containing 0.4 million oz. Of gold in the “Inferred” category.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange nor it’s Regulation Services Provider accepts duty for the adequacy or accuracy of this launch. This press launch includes certain statements that may be deemed “ahead-searching statements.” All statements in this discussion, aside from statements of historical statistics, that address future exploration drilling, exploration activities, expected of entirety of mine construction, anticipated metallic manufacturing, internal charge of go back, anticipated ore grades, commencement of production estimates and projected exploration and capital prices (along with prices and other estimates upon which such projections are based totally) and events or trends that the Company expects, are ahead-searching statements. Although the Company believes the expectancies expressed in such forward-searching statements are primarily based on reasonable assumptions, such statements aren’t guarantees of destiny overall performance, and actual outcomes or trends may additionally differ materially from the ones in forward-looking statements. Factors that could reason real consequences to differ materially from those in forward-looking statements encompass metal costs, exploration successes, persevered availability of capital and financing (inclusive of the flow-thru financing mentioned above), detrimental climate situations, delays in the shipping of materials to the mine website, and well-known economic, market or commercial enterprise conditions. Accordingly, readers ought to now not region undue reliance on ahead-looking statements.