The Dublin Gulch property is located approximately 85 km by road north northeast of the village of Mayo, central Yukon. The Dublin Gulch claim block, which hosts the flagship Eagle gold deposit and multiple other targets at various stages of development, is considered part of the Tintina gold belt and is hosted within the mineral-rich Selwyn Basin.
The property hosts the 6.3 M oz Eagle gold deposit (Indicated and Inferred), the Wolf tungsten deposit and a 13 km-long belt of Au and Ag mineralization known as the Potato Hills Trend (PHT). Since acquisition, Victoria's team has conducted over 57,000 m of exploration and development drilling on the property and has more than doubled the Eagle gold resource to 4.8 M oz Au (Indicated) and 1.5 M oz Au (inferred). They have also identified new gold and silver targets along the PHT.
Eagle Gold Project
The shovel ready Eagle Gold Project is the most advanced project in the region and is on track to be the largest gold mine in Yukon history.
The proposed Eagle gold mine will produce doré from a conventional open pit operation with a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold recovery plant. The Company currently has year-round road access to the site, and a fully operational 100-person all-season camp on site, with a further 100-person all-season camp purchased and ready for transport to site. Commercial grid power is available approximately 45 km by road from the site, and an airstrip suitable for commercial planes is located 80 km to the south.
The project will employ 350-400 people and will be a significant economic contributor to Yukon.
The Eagle Gold Project has received all major permits for construction and operations, completed the Environmental Assessment process and has a signed Comprehensive Cooperation and Benefits Agreement with the local Nacho Nyak Dun First Nation, whose traditional territory the Project is located within.
A Robust Project
|Mining Rate:||33,700 t/d 12.3 Mt/y|
|Strip Ratio:||0.95 tonnes waste : tonnes ore|
|CapEx:||$ 369M (US$ 288M)|
|OpEx:||$ 10.49 /t|
|Payback (after tax):||2.8 years|