Victoria Gold

Website: www.vitgoldcorp.com
Primary ticker: TSXV:VIT
Stage of development: Development
Primary minerals: Gold
Project to promote: Eagle Gold

Live financials

Victoria Gold Corp is currently constructing the Eagle Gold Mine. Construction is +80% complete and first gold production will be in Q32019. In full production, the mine will produce 200,000 ounces per year at an AISC of less than US$750 per ounce Au. The NI43-101 compliant Reserve is 2.7 million ounces of gold (123Mt @ 0.67 g/t) and the mine life is +10 year.

Investment thesis:
• Financed to production;
• Osisko, Orion, & Kinross are major shareholders;
• Re-rate of share price as VGC becomes a producer;
• 200,000 oz/year with high margins;
• Quality exploration targets;
• Analysts regard as a primary “take-out” candidate

Management Profile

John McConnell – President & CEO

John McConnell +35 years of mining experience is mostly in Canada’s northern territories. Previously, he was President & CEO of Western Keltic Mines until it was acquired by Sherwood Copper; VP, NWT Projects for De Beers Canada primarily responsible for permitting and development of the Snap Lake Diamond Mine; Breakwater Resources Ltd in operations at the Nanisivik Zinc & Lead Mine on Baffin Island; Strathcona Mineral Services Ltd. A graduate of the Colorado School of Mines, with a B.Sc. in Mining Engineering John is also a Director of Hudson Resources Inc., Abacus Mining & Exploration Corp., the Klondike Placer Miners’ Assoc., Yukon Chamber of Mines, & the Mining Assoc. of Canada.


What is your rationale for attending 121 Mining Investment?

Victoria Gold is seeking opportunities to meet with potential investors and shareholders to explore opportunities for investment; raise awareness of its project to the investor community; and provide current shareholders with project updates.

What are your key goals for the next 3, 6 and 12 months?

3 Month

Complete construction and begin commissioning of the technically simple, low-cost Eagle Gold Mine – open pit, 3 stage crush, in-valley heap, gold recovery plant.

Continue exploration activities along the Potato Hills Trend on the Dublin Gulch property.

6 Month

Begin Production at the Eagle Gold Mine – approximately 200,000 Oz Au / year.

12 Month

Full production at the Eagle Gold MIne and continue exploration on the Dublin Gulch property.