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Victoria Gold: Fully Permitted Eagle Gold Project Feasibility Study Demonstrates Post Tax NPV of $508M and IRR of 29.5%

September 12, 2016 - releases
Victoria Gold: Fully Permitted Eagle Gold Project Feasibility Study Demonstrates Post Tax NPV of $508M and IRR of 29.5%

Victoria Gold Corp. (TSX-V: VIT) is pleased to announce is pleased to announce the results of a National Instrument 43-101 feasibility study for its 100% owned Eagle Gold Project located on the Dublin Gulch property, Yukon.

“The results from this Feasibility Study highlight the exceptional quality of the Eagle Gold Project,” stated John McConnell, President & CEO. “Our team, working with an experienced group of consultants have optimized several key areas of the project, in particular, the heap design and incorporation of run of mine leaching of low grade material. These improvements have resulted in significant capital savings and enhanced overall project economics. Eagle is a fully permitted project in a premier jurisdiction that can produce 200,000 ounces annually with high margins and a very attractive valuation. We also believe the current and future Olive-Shamrock drilling will continue to add to this valuation.”
The audio/video web conference will include a presentation by John McConnell, Director and CEO and can be accessed at momentumstreaming.com/index.php?id=121075. read more

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