Eagle: A very robust, large, low-cost gold project
Victoria Gold (VIT) has released an updated feasibility study (FS) for the Eagle Gold Project in the Yukon, which includes run-of-mine ore from Eagle, higher-grade Olive ore, and accounts for the lower mine construction costs in Canada and the current prices for materials and process reagents. These new inputs have positively influenced operating costs (C1 estimated at US$539/oz, AISC at US$638/oz) and shortened construction from two years to one, while maintaining environmental standards. Further, Eagle’s economics have been positively affected by a devalued Canadian dollar against the greenback over the period since the previous 2012 FS, as well as a resurgent gold price.Victoria Gold is an exploration stage company and is engaged in the acquisition, evaluation, exploration and development of mineral properties with interests in gold projects in Nevada, the United States and Yukon Territory, Canada.
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