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Press Release

Press Release
Feb 28, 2022

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Eagle Gold Mine

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Victoria Gold (VGCX) is Leading Yukon’s New Gold Rush. The company’s 100% owned Eagle Gold Mine in central Yukon poured it’s first gold in Q3/19 and achieved commercial production on July 1, 2020. Eagle is an open-pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. Despite the COVID-19 pandemic, VGCX successfully ramped up the largest gold mine in Yukon history into production. As at December 31, 2021 the Reserve is 2.7 million ounces of gold (133 m tonnes grading 0.65 g/t). The deposit is open at depth and along strike. VGCX is implementing Project 250K which will increase production to a rate of 250,000 ounces per year during 2023. Exploration potential of the greater Dublin Gulch property is excellent and includes priority targets Olive-Shamrock, Nugget/Raven and Lynx.

Investor Highlights

  • Ramping Up to +200,000 oz/year
  • Generate Significant Free Cash Flow
  • Focused on Debt Repayment
  • Increase Production Rate to 250k during 2023
  • Mine Life Extension to 2040
  • Grade and Recovery Reconciling
  • Robust Exploration Program
  • Blue Chip Shareholder Registry
  • ESG Leader

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Eagle Gold Mine

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