Victoria Gold Corp., an exploration company, engages in the exploration and development of gold properties. The company has interests in gold projects located in North Central Nevada covering approximately 50,000 hectares (120,000 acres). The company’s 11 of the projects are wholly owned and it is in the process of earning a 100% interest in three other projects from Newmont Mining Inc. Its main projects are: Cove, Mill Canyon, Big Springs, and Santa Fe. Cove Cove is the company’s gold exploration project and is located on a 6,982-hectare (17,252 acre) property which is leased from Newmont. The Phase II drilling program, which commenced in October 2007, has identified an exciting new gold bearing zone, named the Helen Zone. The Helen Zone is located 610 metres (2 000 feet) northwest of the previously mined Cove open pit and an old underground mining area. The McCoy pit is 2,042 metres (6,700 feet) from the Helen Zone. Mill Canyon The company has a 100% interest in the property. It is located 75 miles south east of Battle Mountain in the Eureka and Lander counties, Nevada. Its holdings include 426 unpatented claims and one patented claim. Big Springs project The Big Springs project is a project which the company acquired from Gateway Gold Corp in December 2008. The Big Springs gold deposits are of the sediment-hosted ‘Carlin’ type. It is located 64 miles north of Elko, Independence Range, in Elko County, Nevada. Big Springs project holdings include 138 leased and owned unpatented claims. Santa Fe The Santa Fe project is located in southwestern Nevada within the Walker Lane physiographic province. It is located 32 miles north east of Hawthorne in Mineral County, Nevada. Santa Fe project holdings include 132 leased unpatented claims, 94 owned unpatented claims, and 24 leased patented claims. Summit property The Summit property is wholly owned by the company and constitutes nine square miles in the West Gold Belt in North Central Nevada. The property consists of 26 unpatented mining claims and hosts a previously mined small open pit gold mine. Relief canyon The Relief Canyon property is approximately 3,000 hectares in size and is located in North-Central Nevada approximately 27 km east of Lovelock. In addition to the land leased from Newmont, the company has also staked approximately 4,000 hectares of unpatented mining claims in the vicinity. The company has a minerals lease and sub-lease agreement with Newmont for the Relief Canyon property in terms of which the Company is in the process of earning up to a 100% interest the property by completing annual work commitments. Seven Troughs The Seven Troughs property is located approximately 40 km west of Lovelock in Nevada. It is characterized as a gold-silver vein system that crosscuts volcanic host rocks and it overlain by post-vein volcanics. The company has a minerals lease and sub-lease agreement with Newmont for the Seven Troughs property in terms of which the company is in the process of earning up to a 100% interest the property by completing annual work commitments. The property’s holdings include 246 leased unpatented claims and four leased patented claims. Hilltop The company has a mining lease and sub-lease agreement with Newmont for the Hilltop Slaven property in terms of which the company is in the process of earning up to a 100% in the property by completing annual work commitments. The property is located in North-Central Nevada. Victoria’s Hilltop property is in a very prolific gold-bearing region. Its holdings include 62 leased unpatented claims, 111 owned unpatented claims, and 56 private sections, or parts thereof. Mac Ridge The Mac Ridge property is contiguous with and immediately east of the larger Big Springs claim block. It is located approximately 62 miles north of Elko, Independence Range in Elko County, Nevada. The company’s holdings include 126 owned unpatented claims. Golden Dome The target area on the Golden Dome property is within a topographic basin that is covered by a veneer of glacial till. Carlin East The Carlin East property lies within the prolific Carlin Trend, approximately 5 km east of the Betze-Post deposit, a 40 million ounce gold deposit. The Carlin Trend contains approximately 20 known major gold deposits. Dorsey Creek The property is underlain by Pennsylvanian-Permian Overlap Assemblage siltstone and conglomerate and Schoonover Sequence clastics, greenstone and a major gabbroic sill. The property is located 67 miles north of Elko, Independence Range in the Elko County, Nevada. The company’s holdings include 46 owned unpatented claims. Toiyabe The Toiyabe Property is located approximately 25 kilometres south of Barrick Gold Corp.'s Cortez Hills deposit in central Nevada. The Cortez Trend is defined by multiple, large gold deposits, that collectively contain approximately 25 million ounces of gold. Island Mountain The Island Mountain property comprises 53 claims and is located approximately 10 miles north of the Big Springs property. The company agreed to grant Arnevut Resources, Inc., a private Colorado company an option to acquire an initial 51% interest in the Island Mountain property with further options to increase its interest to a 75% interest in the property. History Victoria Gold Corp. was founded in 1981.
victoria gold corp (VIT:Venture)
80 Richmond Street West
Toronto, ON M5H 2A4
|No competitor information is available for VIT.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact VICTORIA GOLD CORP, please visit www.vitgoldcorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.