Development

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 250-person all-season camp on 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.

  • The Eagle Gold Project shows the ideal combination of significant mineral endowment, a desirable location with existing infrastructure and a strong, experienced management team. Historically, the Yukon has been a productive region for gold and this property contains a constrained in-pit resource of Measured and Indicated Mineral Resource 3,6 million ounces of gold (180 million tonnes grading 0.63 g/t) with an industry low waste-to-ore ratio of < 1:1 and metallurgical characteristics favourable to lower-cost heap leach processing. The project has good road access, is near to hydroelectric power and is in a progressive mining friendly jurisdiction.

    Mineral Reserves

    In September 2016Victoria Gold Corp released the results of a National Instrument 43-101 feasibility study for its 100% owned Eagle Gold Project.

    Probable Mineral Reserves are the economically minable portions of the Indicated in-pit Mineral Reserves as demonstrated by the feasibility study.

    Type Ore (M/t) Diluted Grade (g/t) Contained Gold (K oz) Contained Gold % of Total
    Eagle Proven 27 0.80 688 26
    Eagle Probable 90 0.62 1,775 67
    Total Eagle 116 0.66 2,463 92

    Location & Infrastructure

    Location and InfrastructureThe Eagle Gold Project is situated within Victoria's Dublin Gulch property, located in the Mayo Mining District of Central Yukon Territory, Canada. It is located approximately 85 kilometres (km) north-northeast of the village of Mayo and is centered at latitude 64º 2' N and longitude 135º 50' W.

     

  • 2016 Feasibility Study

    In February, 2012 Victoria released the results of a National Instrument 43-101 definitive feasibility study for the Eagle Gold Project. Completion of this definitive feasibility study is a significant milestone for development of the Eagle Gold Project. The project is economically robust with several years of 200,000 ounces per year of gold production at an operating cost of US$539 per ounce.

    The Feasibility Study was prepared under the direction of JDS Energy & Mining, an industry leading, international engineering firm, with extensive experience in both the construction and operation of mining projects in Canada's north. The study was supported by a team of internationally recognized firms, all of whom are independent of the Company, including:

    • Merit Consultants International;
    • Allan Moran Geology Services;
    • Dowl Engineering;
    • Kappes, Cassiday & Associates;
    • AllNorth Consultants; and
    • SRK Consulting.

    The Feasibility Study confirms the technical and financial viability of constructing and operating a 33,700 tonne/day ("tpd") mine encompassing 2 open pits, a three-stage crushing circuit, 2 in-valley leach pads and an adsorption desorption gold recovery plant ("ADR plant").

    Highlights of the Feasibility Study
    Proven and Probable Reserves (gold oz) 2,663,000
    Average annual gold production (oz, 1st 4 full years) 210,000
    Average annualized gold production (oz, LOM approximately 10 years) 190,000
    Initial capital expenditure (C$ millions) 370
    Initial capital expenditure (US$ millions) 289
    Operating cost (C$/tonne processed) 10.54
    Operating cost (US$/oz) 539
    All-in sustaining cost (US$/oz) 638

    The Feasibility Study includes 1 year of construction followed by 10 years of mine operations.

  • Environmental Assessment & Regulatory Review

    The Eagle Gold Project has received all major regulatory approvals required for the construction, and operation of the Project.

    Victoria received the final Water Use Licence from the Yukon Water Board in December 2015. The Water Use Licence is the conclusion of five years of permitting and engineering work on the Project that resulted in a Project design that is both low cost and protective of the environment.

    The final Water Use License application process culminated in a weeklong public hearing in June 2015. During the hearing the Water Board Chair stated, "... out of many of the companies or applicants that come before this Board, I think you [Victoria] are remarkable for having had with you -- for the duration so far -- virtually the same team. You've put together an 'A' team, and that, in turn, has led to your preparation of what -- in our opinion -- is a very, very good submission, and that goes a long way to assisting the entire application process. It also goes a long way to giving evidence of the trust that exists between yourselves -- as the applicant -- and the people in this community, and larger, the people in the Yukon Territory. So, congratulations, you've done a remarkably good job in bringing your team together and providing a good application. That's going to stand you well as you move forward."

    The Water Use Licence process in Yukon is public. All documents relating to the review and approval of the Eagle Gold Project are filed on the Yukon Water Board Waterline registry.

    In September 2013, Victoria received a Quartz Mining Licence for the Project that, in conjunction with the Water Use Licence, allows all phases of the Eagle Gold Project to be undertaken.

    On February 19, 2013 the Yukon Environmental and Socio-Economic Assessment Board (YESAB) issued its Final Screen Report recommending that the Government of Canada and Yukon Government allow the Eagle Gold Project to proceed. On April 9, 2013 the Yukon Government filed their Decision Document approving the Project to proceed, and on April 16, 2013, the Federal Government similarly filed their respective Decision Document approving the Project move forward. Completion of the Decision Documents allowed Victoria to apply for the Water Use Licence from the Yukon Water Board and the Quartz Mining License from the Department of Energy, Mines and Resources.

  • Technical Reports

    2016 NI 43-101 Feasibility Study Technical Report for the Eagle Gold Project
    2015 NI 43-101 Technical Report on the Eagle Gold Property, Yukon Territory

  • In-Pit Mineral Resource Estimate

    The Eagle Resource used a total of 38,370 assay intervals with gold assays in 370 drill holes were used to define a wireframe with assays capped at 16.0 g/t Au. The capped gold assays were composited into 2.5 m intervals from the top of the drill hole with breaks at the wireframe boundary. Composite intervals less than 0.5 m in length were added to the composite immediately above. A block model with a cell size of 10 m x 10 m x 5 m was used for the grade estimation.

    Eagle Constrained In-Pit Mineral Resource
    Classification Cut-off Grade
    (g/t Au)
    Tonnes
    (Mt)
    In-Situ Grade
    (g/t Au)
    Contained Au
    (koz)
    Measured 0.15 30 0.81 761
    Indicated 0.15 151 0.59 2,870
    Meas. + Ind. 0.15 181 0.63 3,631
    Inferred 0.15 17 0.49 276

    Notes to Table:

    1. The effective date for the Mineral Resource is September 12, 2016.
    2. Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
    3. The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.

    The Olive Resource estimation used a total of 8,216 assay intervals with gold assays in 91 drill holes to define a wireframe with assays capped at 25 g/t Au. The capped gold assays were composited into 2.5 m intervals from the top of the drill hole with breaks at the wireframe boundary. Composite intervals less than 0.5 m in length were added to the composite immediately above. A block model with a cell size of 10 m x 10 m x 5 m was used for the grade estimation.

    Olive Constrained In-Pit Mineral Resource
    Classification Cut-off Grade
    (g/t Au)
    Tonnes
    (Mt)
    In-situ Gold
    (g/t Au)
    Contained Au
    (koz)
    Measured 0.4 2 1.19 75
    Indicated 0.4 8 1.05 254
    Meas. + Ind. 0.4 10 1.07 329
    Inferred 0.4 7 0.89 210

    Notes to Table:

    1. The effective date for the Mineral Resource is September 12, 2016.
    2. Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
    3. The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.

    Mineral Reserves

    The Proven and Probable Mineral Reserve is the economically minable portions of the Measured and Indicated in-pit Mineral Resource as demonstrated by this feasibility study.

    Eagle and Olive Mineral Reserve
    Type Ore
    (Mt)
    Diluted Grade
    (g/t)
    Contained Gold
    (koz)
    Eagle Proven 27 0.80 688
    Eagle Probable 90 0.62 1,775
    Total Eagle 116 0.66 2,463
    Olive Proven 2 1.02 58
    Olive Probable 5 0.93 142
    Total Olive 7 0.95 200
    Total Olive + Eagle 123 0.67 2,663

    Notes to Table:

    1. The effective date for the Mineral Resource is September 12, 2016.
    2. Mineral Reserves are included within Mineral Resources.
    Eagle and Olive Mineral Reserve
    Type Ore
    (Mt)
    Diluted Grade
    (g/t)
    Contained Gold
    (koz)
    Eagle Crushed Ore 101 0.72 2,330
    Olive Crushed Ore 7 0.95 200
    Total Crushed Ore 108 0.73 2,530
    Eagle Run of Mine Ore 15 0.27 133
    Total 123 0.67 2,663

    Notes to Table:

    1. The effective date for the Mineral Resource is September 12, 2016.
    2. Mineral Reserves are included within Mineral Resources.

    Mining

    Eagle and Olive are open pit mines and will operate as a drill, blast, shovel and haul operations with a combined nominal rate of 33,700 tpd ore and mine life of 10 years. Ore to be crushed will be hauled to the primary crusher located toward the north east side of the Eagle pit. Run of mine ("ROM") ore will be hauled directly to the primary heap leach pad.

    Eagle waste rock will be hauled to one of two waste rock storage areas immediately to the south and north of the open pit which results in short haul distances. Olive waste rock will be hauled to a waste rock storage area immediately south-west of the open pit. Waste rock storage will be managed to allow for future pit expansion. The ratio of waste to ore is 0.95 to 1 and total waste material is 116 million tonnes.

    Processing

    Material above the crushed ore cut-off grades will be hauled from the open-pits to the primary crusher. Ore will be crushed at a nominal rate of 30,100 tpd. Following primary crushing, ore will be conveyed through a secondary and tertiary crushing circuit to a final crush size of P80 6.5 mm. Crushed ore will be conveyed to one of the two in-valley heap leach pads.

    Ore will be stacked in 10m high lifts using a mobile conveying and stacking system then primary leached for 90 days. The pregnant solution, laden with gold once leaching is complete, will be pumped to an ADR plant where gold will be stripped from the solution and poured into doré bars. Life of mine recovery is estimated at 70.8%, including ROM ore.

    Ore will be mined and primary crushed 365 days per year. Ore will be stacked on the heap leach pads 275 days per year. A primary crushed ore stockpile will be used during the coldest 90 days of the year and the stockpile will be reclaimed to the secondary crushing circuit and loaded onto the pads during the 275 day stacking period.

    A total of 123 million tonnes of ore will be processed, including 108 million tonnes of crushed ore and 15 million tonnes of ROM ore. The primary heap leach pad will hold 77 million tonnes while the secondary heap leach pad will hold 46 million tonnes. The secondary heap leach pad has potential excess capacity of approximately 50 million tonnes should it be required for mine expansion.

    Infrastructure

    The project is well supported by local infrastructure. Eagle is accessed via an existing year-round road connecting to the Silver Trail Highway. Grid power currently runs along the highway to support grid power via a spur line to be constructed along the existing access road. A 1,400m airstrip is located in Mayo approximately 85km by road from the project site. An existing construction-ready 100-person camp is currently operational at site. A further 100-person camp recently purchased by the Company, is located in Mayo and is expected to be shipped and erected at site prior to construction. All mine site infrastructure to be built for Eagle is located within a few kilometers of the open pits.

    Capital Costs

    The initial capital cost for Eagle is estimated (in 2016 dollars) at C$370 million with an accuracy of +/-15%, includes contingency of C$35.2 million and all pre-stripping. The contingency allowance was calculated on a risk-adjusted basis for each of the major capital cost categories. Indirect costs include initial fills, spares, commissioning and start-up, engineering and procurement, construction management and freight and logistics.

    Initial Capital Cost Estimate (C$ millions)

    Area Initial Capital
    Mine Equip. & Development 34.5
    Site General 17.7
    Process 101.3
    Ancillaries 22.2
    Power Supply & Distribution 15.1
    Water Management 5.7
    Heap Leach Pads 56.4
    Owner’s 8.6
    Indirects 72.9
    Subtotal 334.4
    Contingency (10.5%) 35.2
    Total 369.6

    Life of mine sustaining capital costs are estimated at C$183 million and closure costs are C$35 million. Working capital costs are estimated at C$26 million.

    Sustaining Capital Cost Estimate (C$ millions)

    Area Sustaining Capital
    Mine Equip. & Development 45.6
    Site General 9.9
    Ancillaries 30.3
    Power Supply & Distribution 0.8
    Water Management 15.0
    Heap Leach Pads 81.5
    Total 183.1

    Operating Costs

    LOM site operating costs, are C$10.54 per tonne processed, as summarized below:

    Area Operating Costs
    C$/t mined C$/t leached US$/oz payable
    Mine 2.15 4.19 214
    Process/leach n/a 4.93 252
    G&A n/a 1.42 73
    Total   10.54 539

    All-in sustaining costs, not including corporate costs, are US$638/oz of payable gold.

    Financial Analysis

    Base case: consensus based long-term gold price US$1,250/ounce gold and US$/C$ exchange rate of 0.78:

    Pre-tax
    • Net Present Value discounted at 5% is C$778 million
    • Internal Rate of Return (IRR) is 37.1%
    • Payback is 2.6 years

    Post-tax

    • Net Present Value discounted at 5% is $508 million
    • Internal Rate of Return (IRR) is 29.5%
    • Payback is 2.8 years

    Opportunities

    There are numerous initiatives currently underway which the Company suspects may further enhance project economics, including:

    • year-round stacking as is currently practiced at other northern heap leach operations;
    • continued near mine exploration with a focus on the Potato Hills Trend which hosts the Olive, Shamrock and other targets;
    • conversion of Inferred Mineral Resources to Indicated Mineral Resources, particularly at depth, to increase reserve potential and decrease waste; and
    • further refinement of water management and water treatment to reduce potential closure costs.

    Land

    Victoria holds 100% interest in the 1,914 quartz claims, 10 quartz leases and a 7/8th interest in the Olive crown grant collectively covering 350 km2.
    The Dublin Gulch property is located within the Traditional Territory of the First Nation of Nacho Nyak Dun.

    History

    Exploration and placer mining began on the Dublin Gulch property in 1895 with the first gold production reported in 1898. In 1904, tungsten was identified in placer concentrates. The Geological Survey of Canada (GSC) discovered in situ scheelite in Dublin Gulch in 1916. Subsequent exploration led to the discovery of lode gold deposits at the Eagle Gold Project.

    The Project area has a long history of placer gold mining, starting in 1895, and exploration drilling by several companies, starting in 1972.

    Environmental Assessment & Regulatory Review

    The Eagle Gold Project has received all major regulatory approvals required for the construction, operation and closure of the Project.

    Victoria received the final Water Use Licence from the Yukon Water Board in December 2015. The Water Use Licence is the conclusion of five years of permitting and engineering work on the Project that resulted in a Project design that is both low cost and protective of the environment.

    The final Water Use License application process culminated in a weeklong public hearing in June 2015. During the hearing the Water Board Chair stated, "... out of many of the companies or applicants that come before this Board, I think you [Victoria] are remarkable for having had with you -- for the duration so far -- virtually the same team. You've put together an 'A' team, and that, in turn, has led to your preparation of what -- in our opinion -- is a very, very good submission, and that goes a long way to assisting the entire application process. It also goes a long way to giving evidence of the trust that exists between yourselves -- as the applicant -- and the people in this community, and larger, the people in the Yukon Territory. So, congratulations, you've done a remarkably good job in bringing your team together and providing a good application. That's going to stand you well as you move forward."

    In September 2013, Victoria received a Quartz Mining Licence for the Project that, in conjunction with the Water Use Licence, allows all phases of the Eagle Gold Project to be undertaken. The Quartz Mining Licence was amended in March 2016 to include minor modification to the design of Project features and to align with certain terms and conditions of the Water Use Licence.

    On February 19, 2013, the Yukon Environmental and Socio-Economic Assessment Board (YESAB) issued its Final Screen Report recommending that the Government of Canada and Yukon Government allow the Eagle Gold Project to proceed. On April 9, 2013, the Yukon Government filed their Decision Document approving the Project to proceed, and on April 16, 2013, the Federal Government similarly filed their respective Decision Document approving the Project move forward. Completion of the Decision Documents allowed Victoria to apply for the Water Use Licence from the Yukon Water Board and the Quartz Mining License from the Department of Energy, Mines and Resources.

    Victoria also holds licenses and permits to support ongoing exploration efforts.

    Community Overview & Comprehensive Cooperation and Benefits Agreement (CBA)

    The Eagle Gold Project is located within the Traditional Territory of the First Nation of Nacho Nyak Dun. Victoria has worked with community representatives, the First Nation of Nacho Nyak Dun and other interested parties to consult and keep people informed.

    Victoria has held various community meetings, workshops, and open houses with the First Nation of Nacho Nyak Dun leadership, staff, and citizens as well as the Village of Mayo leadership and residents, and other interested parties. These sessions provided Eagle Gold Project updates as well as specific presentations on key aspects of the proposed operation. Victoria also publishes the Potato Hills Press newsletter quarterly and continues to meet on a regular basis with the First Nation and the community.

    Victoria and the First Nation of Nacho Nyak Dun (FNNND) signed a Comprehensive Cooperation and Benefits Agreement (CBA) on October 17, 2011. The CBA replaced an earlier Exploration Cooperation Agreement, and applies to the proposed Eagle Gold mine development and all exploration activities conducted by Victoria anywhere in FNNND Traditional Territory south of the Werneke mountains which includes all of Victoria's existing mineral exploration properties. The CBA does not apply to any exploration or mining activities on FNNND Settlement Lands or within FNNND Traditional Territory that are north of the Wernecke Mountains, unless FNNND provides its prior consent.

    The objectives of the CBA are to:

    • Provide certainty for development of the Eagle Gold Project and on-going exploration;
    • Provide the FNNND with employment and economic development opportunities while respecting and promoting FNNND's desired environmental protection objectives;
    • Establish a process for ongoing communication between Victoria and the FNNND so both parties can identify and pursue contracting and partnering opportunities;
    • Provide the FNNND with employment and training opportunities; and
    • Provide financial support and profit sharing opportunities that may result from a successful project.

    Following the CBA Victoria and the FNNND entered into a further agreement. On November 20, 2011 Victoria and FNNND signed a Letter of Intent for the purposes of staking FNNND Category B Settlement Lands adjacent to Victoria's Dublin Gulch property, of which the Eagle Gold project is a part of. As Settlement Lands were not part of the CBA the Letter of Intent provided FNNND consent to Victoria to stake the FNNND Category B Lands to the west and south of the Dublin Gulch property. The Letter of Intent also establishes that Victoria and FNNND will negotiate an agreement for the purposes of carrying out exploration on these FNNND Category B Lands.

    On September 12, 2012, the negotiations with respect to exploration activities on the FNNND Category B Lands culminated in the signing of an Access and Exploration Agreement. The key points of the Access and Exploration Agreement between Victoria and the FNNND include:

    • providing certainty for on-going exploration;
    • affording the FNNND with employment and economic opportunities while respecting and promoting FNNND’s desired environment protection objectives;
    • establishing a process for ongoing communication between Victoria and the FNNND so both parties can identify and
    • providing financial support.

    Click here to view the Cultural Awareness Presentation

    Click here to view the Annual CBA Reports

    The Eagle Zone Geology

    The Eagle Gold deposit occurrence is localized at the narrowest portion of the stock, near its known western limit. The intrusive-meta-sedimentary contact is sharp but irregular and varies between steep attitudes that crosscut meta-sedimentary foliation, to shallow southwest dips parallel to foliation.

    The zone is comprised of sub-parallel extensional quartz veins that are best developed within the granodiorite proximal to both the hanging wall and footwall intrusive-meta-sedimentary contacts. Veining is apparently best developed on the hanging wall contact, Veins are typically composed of white or grey quartz with subordinate potassium feldspar. They strike 060 to 085 azimuth, typically dipping at about 60 degrees to the south, and range in width from less than one millimetre to about 10 cm. Contacts are typically sharp. Vein densities range from less than one per metre to more than fifteen per metre, and average about three to five per metre. The greatest concentration of veins appears to coincide with both the narrowest constriction as well as the local apex of the intrusion (Rescan, 1997).

    Sulphides account for less than five percent of vein material and occur in the center, on the margin, and disseminated throughout. The most common sulphide minerals are pyrrhotite, pyrite, arsenopyrite, sphalerite, bismuthinite and galena. Secondary potassium feldspar is the dominant mineral in alteration envelopes. Sericite-carbonate is generally restricted to narrow vein selvages, although alteration zones of this type also occur with no obvious relation to veins.

    Vein formation can be attributed to contrasts in cohesion and tensile strength between the intrusion and enclosing meta-sedimentary rocks. Embayments and narrow portions of the stock represent stress shadows that constitute favourable areas for rheological failure and therefore for the formation of extensional quartz veins. Protrusions in the stock created favourable areas for the development of extensional shear-veining in the adjacent country rocks (Sieb, 1996).

    Exploration Work Programs

    Victoria has expanded the Eagle Gold Zone from 2.7 million ounces to 4.8 million Indicated resource ounces over the past two years. In January 2009 Wardrop Engineering Inc. completed an updated NI 43-101 Mineral Resource estimate on the Eagle Zone Deposit in adding 37% to the Indicated Resource for a total of 2.7 million ounces of gold averaging 0.849 g/t gold. The 2009 Mineral Resource estimate incorporated 13,057.65 m of drilling from 2006-2008 into a previously-stated resource estimate.

    The 2010 field program undertook work for the many disciplines involved in developing the mine through Pre-Feasibility and the YESAB Environmental Assessment process as per the -Yukon Environmental and Socio-Economic Assessment Act (YESAA), as well as a continued exploration program. Engineering drilling guided by BGC Engineering drilled 350m of core to test conditions for the proposed infrastructure sites, as well as 1,350m of geotechnical drilling for the pit wall scenarios. Stantec drilled a total of 626m of holes to test ground water and to install monitoring wells. The exploration program saw 1,311m drilled in 5 holes to test a potential westerly extension to the mineralisation of the Eagle Zone.

    In 2011, Victoria Gold drilled 25 diamond drill holes (5,750 aggregate metres). All holes (with the exception of metallurgical sample holes) were HQ in size and drilled with a triple core barrel to minimize disturbance of the core and to maintain its orientation. Many of the holes were drilled for alteration and in-fill exploration information, three for geotechnical purposes, and two PQ size holes were drilled for metallurgical sampling.

    During 2012, 49 diamond drill holes and 38 Reverse Circulation (“RC”) holes were drilled for a total of 26,378.47 metres in the Eagle Gold Deposit.

    The major objectives of the 2012 drill programs were to complete the in-fill drilling program in the Eagle pit area (diamond drill holes) and infill drill in the Eagle pit area at the location of the first two years of mine production (RC drill holes).

    This 2012 Eagle Gold zone drilling focused on in-pit and geotechnical drilling which provided additional data for geotechnical and alteration modeling purposes. The 2012 drilling season confirmed consistent mineralization throughout the proposed pit area and provided rock suitable for more comprehensive bulk density measurements.

    Results from drill holes in the north zone and deep eagle revealed that there is mineralization at depth and in the north zone although subdued and less homogenous. The alteration drilling program defined several thick, low-grade intervals including 128.65 m (true width, TW) of 1.04 g/t Au from 15.24 m to end of hole (DG11-421C), 85.45 m (TW) of 1.01 g/t Au from 79.09 m to end of hole (DG11-419C) and 116.27 m (TW) of 0.63 g/t Au from 33.53 m (DG11-416C).

    Best results from the Eagle exploration drilling included 59.60 m of 0.74 g/t Au from 271.70 m (DG11-435C, Eagle Deep) indicating potential for extension of the deposit at depth. At Eagle North, best results included 43.10 m of 0.80 g/t Au from 27.60 m (DG11-421C) with narrower zones returning higher grades at depth (7.60 m of 2.36 g/t Au from 94.50 m, 9.20 m of 1.68 g/t Au from 264.70 m) in holes DG11-422C and DG11-427C, respectively.

    Drill Hole   From (m) To (m) Width (m) Grade (g/t Au)
    DG12-471C   235.74 272.00 36.26 1.59
      Including 256.30 257.54 1.24 15.75
    DG12-472C   43.82 283.50 239.68 0.94
      Including 79.50 102.46 22.96 1.32
      Including 162.80 210.00 47.20 2.07
    DG12-473C   278.49 313.27 34.78 1.46
    DG12-474C   120.00 132.56 12.56 2.14
    DG12-475C   212.00 254.00 42.00 1.48
    DG12-476C   46.00 61.00 15.00 2.19
      Including 49.00 52.00 3.00 7.86
    DG12-477C   201.50 257.00 55.50 1.77
      Including 209.00 213.50 4.50 5.51
    DG12-478C   32.80 37.50 4.70 4.53
    DG12-479C   387.50 426.50 39.00 1.42
      Including 405.50 410.00 4.50 3.32
    DG12-480C   23.27 44.03 20.76 1.79
      Including 41.48 44.03 2.55 6.02
    DG12-481C   123.52 126.66 3.14 2.59
    DG12-482C   120.50 128.00 7.50 1.46
    DG12-490C   204.00 216.00 12.00 2.07
      Including 212.50 214.60 2.10 6.84
    DG12-495C   16.30 57.10 40.80 0.87
    DG12-496C   286.50 294.00 7.50 6.66
      Including 288.00 291.00 3.00 15.87
    DG12-497C   301.50 321.00 19.50 3.61
      Including 311.00 312.00 1.00 35.40
    DG12-498C   225.30 230.70 5.40 2.52
    DG12-499C   182.00 225.50 43.50 1.20
    DG12-502C   332.60 337.80 5.20 5.89
    DG12-505C   210.50 216.50 6.00 2.33
    DG12-506C   61.50 85.00 23.50 1.69
    DG12-509C   171.00 181.30 10.30 2.47
    DG12-510C   346.50 352.70 6.20 2.82
    DG12-512C   83.50 97.20 13.70 2.35
      Including 88.90 91.00 2.10 12.20
    DG12-514C   161.50 166.50 5.00 3.82

    Eagle Gold Drilling Results

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