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Monday, Feb 6, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Victoria Gold recent assays show promise for Dublin Gulch Gold Camp

The present Raven resource estimate includes 1.1 million ounces at 1.7 g/t Au

Raven deposit. Image via Victoria Gold.

Victoria Gold (TSX: VGCX) provided assay results from the 2022 Raven distal exploration program at Dublin Gulch Gold Camp today.

The current Raven resource estimate includes 1.1 million ounces at 1.7 g/t Au. The company completed 27,215 meters of diamond drilling across the claim packaging during the 2022 season. This includes 90 drillholes for 25,244 meters for the Raven deposit.

“Exploration efforts at the Dublin Gulch Gold Camp continue to highlight the exceptional gold potential of the property and, in specific, the near-surface Raven Gold deposit,” said John McConnell, president and CEO of Victoria.

Raven was the primary focus of Victoria’s 2022 Dublin Gulch exploration activities and is one of the several priority on and near-surface gold targets. The campaign sought to fulfill two objectives. The first was a Raven proximal campaign including drilling within and proximal to the current footprint at the Raven deposit. There’s also an expectation that these latest assays will help further define and test the mineralization potential.

The Dublin Gulch property is located approximately 85 km by road north northeast of the Village of Mayo, Yukon. The Dublin Gulch claim block is situated within the Tintina Gold Belt and hosts the flagship Eagle Gold deposit as well as multiple other targets at various stages of development.

Read more: 2023 will be a ‘very strong’ year for gold mining: NevGold

Read more: NevGold issues $1.5M in shares to GoldMining Inc. for Nutmeg Mountain project

Latest assays to help further define and test mineralization

Second, the Raven distal exploration program included drilling beyond the existing Raven deposit, testing the extension of mineralization by 500 meters strike length and over 100 meters in width. The majority of these assays are not anticipated to inform the 2023 updated resource estimate. Instead, they will confirm the existence of mineralization for future expansion.

Assays chart. Image via Victoria Gold.

Thirty of the 90 drillholes drilled at Raven in 2022 were located in the Raven resource footprint. Fourteen of these were collared within 100 meters of the Raven resource itself. The Raven distal Exploration Program totalled 46 drillholes, most of which were collared greater than 100 meters from the Raven resource boundaries. The mineralization at Raven remains open in the east, which is where the Victoria Gold will drill next.

“Raven exploration this past season was focused on testing the expansion potential from the maiden Mineral Resource Estimate and, notably, 2022 saw more holes collared in and around Raven than all previous campaigns combined,” said McConnell.

“Of particular interest was the high-grade intersection in hole NG22-155C, which assayed 3.59 g/t over 83.5m, approximately 300m east along strike from the existing Raven Resource.”

The Dublin Gulch exploration program wrapped up on October 30, 2022. It included 25,244 meters of diamond drilling at the Raven deposit over 90 holes, including both the Raven proximal program and the Raven distal exploration program. It also included 718 metres of metallurgical drilling at the Raven deposit, 1865 soil geochemical samples. Additionally, it included 1,971 meters of diamond drilling and 936 meters of surface trenches at the Lynx target over six holes. Also, exploration camp upgrades in support of an extended exploration season and detailed structural mapping.

NevGold finds positive results in Nevada

NevGold (TSXV:NAU) (OTCQX:NAUFF) is a gold junior digging holes and finding positive results in Nevada. The company’s focuses right now is on the Limousine Butte project in Nevada and Nutmeg Mountain in Idaho. Specifically, the drilling program at Resurrection Ridge in Nevada returned positive results, expanding its mineralized footprint by over 100 meters.

NevGold’s share price dropped 1.3 per cent today and is presently trading at $0.39.


NevGold is a sponsor of Mugglehead news coverage

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