Update: Olive met results positive, forex effects more so
Metallurgical test results on Olive material demonstrate the project’s viability as a satellite ore feed at increased gold grades and favourable gold recoveries, thereby enhancing Eagle’s value. Of more significance to our base case valuation, however, is the recent crash in the value of the Canadian dollar, which has a materially positive effect on our valuation.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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