Toronto, Ontario - Victoria Gold Corporation [TSX-V:VIT], the "Company" is pleased to announce John McConnell, President & CEO, will be presenting at the Metals & Mining Track of the Rodman & Renshaw Investment Global Conference on Monday, September 12th in New York City.
Details are as follows:
When: Monday September 12th at 11:40am EST.
Where: Lexington Suite, The Waldorf-Astoria Hotel, New York, NY
Mr. McConnell will be providing an update on the Eagle Project development and the continued exploration program taking place on the Dublin Gulch property in the Yukon Canada. He will also be providing direction on the Company's strategy for its Nevada assets; Mill Canyon, Cove and Santa Fe.
About the Dublin Gulch Project
Victoria Gold's 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 40 kilometers from the town of Mayo. The property is accessible by road year-round, and is located within Yukon Energy's electrical grid. The Company has constructed a 100 person all-season camp at the project site.
The property covers an area in excess of 400 square kilometers, and is the site of the Company's Eagle Gold Deposit, which has been estimated to host a NI 43-101 Compliant Mineral Resource of 222 million tonnes averaging 0.68 grams of gold per tonne, containing 4.86 million ounces of gold in the "Indicated" category and a further 78 million tonnes averaging 0.60 grams of gold per tonne, containing 1.49 million ounces of gold in the "Inferred" category.
Gold, silver and base metal mineralization are present at numerous localities within the Dublin Gulch property, in addition to the Eagle Gold Deposit. Reconnaissance-scale exploration programs are underway throughout the property area. Recently core drilling was conducted in the vicinity at the Olive, Shamrock, and Popeye prospects, which are situated within the prospective Potato Hills Mineral Trend that was discovered by Victoria during the 2010 exploration season. Additionally, early in September Victoria Gold will commence with a first-pass core drilling program at the newly reported Rex-Peso exploration target, which is situated along the western projection of the Potato Hills Mineral Trend. Overall the Dublin Gulch property and the Potato Hills Mineral Trend are the sites of a number of high quality and high priority exploration targets.
Victoria Gold Corp is a Canadian based gold exploration and development company focused on advancing its' core project, the Eagle Gold Deposit, located on the 100% owned Dublin Gulch property in the Yukon, Canada, to production. The company is also focused on continued exploration of its key projects in Yukon and Nevada.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, anticipated dates for the completion of work performed by external consultants, internal rate of return, estimated oregrades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.