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Victoria Gold Corp. (TSXV:VIT) released an updated feasibility study for its Eagle project. The study was highlighted by improved economics driven primarily by lower operating costs and aided by reduced pre-construction capital costs. As we had mentioned in previous posts, in our view the benefits of this update have not yet been fully reflected in Victoria’s valuation and we believe that these results should be a positive catalyst for the stock. As well, there remains multiple ways for the Victoria to further improve project economics providing some additional upside. We expect a project financing update, along with ongoing drill results from Olive-Shamrock are likely to be the next catalysts for Victoria. read more
Victoria Gold Corp. (TSXV:VIT) announced the final drill results from the Phase I Olive-Shamrock drill program that were highlighted by 40m at 2.1 g/t (DG16-718C) and 37m at 1.9 g/t (DG16-719C). This round of results is primarily focused on the Shamrock zone, which we do not expect to be included in the pending resource and feasibility update. However, the results from the Olive and Connector zones released earlier this year are expected to be included and in our view, should have a positive impact on project economics. Today’s results from the Shamrock zone provide the potential for further upside. read more
Victoria Gold Corp (TSXV:VIT) released good trench results from Olive which support recently released drill results. The program was designed to expose the mineralization at surface and the results will be incorporated in the maiden resource for Olive and the pending feasibility study update. We continue to believe that the economic benefit we expect Olive to have on the Eagle project is not yet reflected in Victoria’s share price. read more
Victoria Gold Corp (TSXV:VIT) released additional drill results from its ongoing program at Olive-Shamrock. Results continue to suggest that a higher-grade resource is likely at Olive and supports our view that this resource area is likely to benefit project economics if included in the pending feasibility study update. In our view, Victoria’s share price is not reflective of this potential. read more
Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted the third installment of our Drilling Deeper lunch series, this time featuring companies with funded exploration programs. The presenting companies were Aston Bay Holdings Ltd. (TSXV:BAY), Eastmain Resources Inc (TSX:ER), IDM Mining Ltd (TSXV:IDM) and Victoria Gold Corp. (TSXV:VIT). In our 3 THEMES & 10 COMPANIES FOR A NEW BULL MARKET IN PRECIOUS METALS post earlier this week, we highlighted that we believe good news is once good for stocks (catalysts) and we believe all four presenters have the potential to increase shareholder value with the drill bit this year. read more
While we believe that we are in a new bull market for gold equities, it is early days. As such, investors should remain selective and focus on companies that fit three key themes: scarcity, viability and catalysts. In our view AMI, ER, GRR, GQC, IDM, ICG, MLN, NUG, UGD and VIT are ten companies that fit these themes and should outperform peers. read more
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