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Monday, July 24, 2017 Derek Macpherson

VIT Delivers Exploration Success from Eagle West


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Victoria Gold Corp. (TSXV:VIT) reported results from 17 holes drilled from the Eagle West Zone on its Dublin Gulch property in the Yukon. Results were highlighted by hole DG17-806C which included 0.99 g/t Au over 31.5m and hole DG17-821C which included 1.03 g/t Au over 35.2m, noting similarities to previous results. Importantly, the Eagle West Zone is adjacent to the Eagle Gold Mine, and results continue to highlight the potential to add near mine resources. The ongoing 2017 Dublin Gulch exploration program uses the Potato Hills Trend mineralization concept, which is proving to be an effective tool to identify targets. The concept led to the company also identifying a higher-grade zone on the northern contact margin of the intrusive at Eagle West. The company continues to drill, focusing on the Eagle Extension Zone adjacent to the western pit wall of the Eagle Gold Mine. We expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists. Victoria currently trades at a discount on a per ounces basis, or C$32/oz versus peers at C$61/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project is “shovel-ready”.



Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
 
Red Cloud Klondike Strike Inc.
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Victoria Gold Corp. - TSXV:VIT - 1,2,4

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