May 17, 2020
Dale Benton

Victoria Gold Corp's Eagle Gold mine advancing on time and under budget

gold mining
Canada’s next gold mine moves closer to reality, as construction presses ahead.

Victoria Gold Corp has released an update to the construction of its...

Canada’s next gold mine moves closer to reality, as construction presses ahead.

Victoria Gold Corp has released an update to the construction of its Eagle Gold project, the most advanced project and potentially the largest gold mine in Yukon, Canada’s 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.  Victoria Gold Corp will look top produce around 33,700 tonnes per day, which will amount to 12.3 Mt per year.

The Eagle gold mine has an ore reserve of around 101 million tonnes of gold.

Total on-site construction work to date exceeds 540,000 hours. There are approximately 380 construction personnel current at site and will reach 430 people in the coming weeks. A strong health, safety and environmental program and culture have been established at site. The Total Recordable Incident Frequency and Lost-Time Incident Frequency Rate were 2.01 and 0.40 respectively as of August 31, 2018.

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Other highlights include the crusher, gold plant and on-site access road earthworks being substantively complete with only minor work remaining in these areas and the heap leach facility earthworks (including the embankment, pad area and event pond) advancing well and currently slightly ahead of schedule.

David Rouleau has recently joined the senior management team as VP Operations & General Manager for Eagle. He is an experienced Mining Engineer with over 30 years of operational and management experience. He was recently the VP of Operations with Barkerville Gold Mines Ltd. and prior to that, spent 5 years with Taseko Mines Limited as VP of Operations primarily responsible for the open pit Gibraltar Mine in central British Columbia.

John McConnell, President & CEO commented, "I am very pleased to welcome Dave Rouleau, Vice-President & General Manager, to the senior management team. Dave is a seasoned mine operator and an exceptional addition to the team as we gear up for operations in 2019." John McConnell continued, “Construction activities are progressing very well and I am encouraged with our on-going success engaging Yukon based companies and First Nation partnered businesses resulting in a high level of Yukon based employment, an important component of building Eagle, Yukon’s next gold mine.”

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