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Tuesday, September 19, 2017 Derek Macpherson

VIT Explores New Bluto Target in the East of Dublin Gulch

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Victoria Gold Corp. (TSXV:VIT) reported initial results from the newly discovered Bluto target, northeast of Eagle on the Dublin Gulch property. Trenching returned 0.67 g/t Au over 146m including 2.44 g/t Au over 30m (TR17-16). The target was only recently accessible by an exploration trail constructed to the Nugget Zone, prior to, limited work had been completed. 2017 exploration work on the target has consisted of 22 trenches over 2,800m as well as 10 diamond drill holes over 2,000m, exploration will continue until the end of the field season. Initial results are positive and open up a new area on the property. Upcoming catalyst on this target will be the expected drill results, following further exploration work. Victoria currently trades at a discount on a per ounce basis, or C$30/oz versus peers at C$45/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction. read more


Monday, September 18, 2017 Derek Macpherson

VIT Explores Spinach Target North of Olive-Shamrock

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Victoria Gold Corp. (TSXV:VIT) reported initial results from the Spinach target located to the north of the Olive-Shamrock deposit. Due to limited exploration work and no drilling had been previously completed, Victoria undertook a soils geochemistry survey prior to drilling which was used to identify targets. Results included 1.04 g/t Au over 14.3m (DG17-866C), 1.19 g/t Au over 9.1m (DG17-862C) and 2.38 g/t Au over 6.10m (DG17-860C) within wider intervals, indicating the opportunity for further growth north of Olive-Shamrock, near 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 on the property. Victoria currently trades at a discount on a per ounces basis, or C$31/oz versus peers at C$57/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction. read more


Monday, September 11, 2017 Derek Macpherson

VIT Reports Promising Results from Olive

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Victoria Gold Corp. (TSXV:VIT) reported results from 7 holes (2,428m) drilled at the Olive target area (Figure 1), specifically south and west of the main Olive-Shamrock Zone during ongoing exploration on its Dublin Gulch property in the Yukon. This area represents a possible continuation of the Olive Shear Zone which is relatively unexplored, with limited previous drilling. Results were highlighted by 1.54 g/t Au over 33.3m (DG17-849C) and 1.56 g/t Au over 13.9m (DG17-889C). More results are expected as drilling continues throughout the beginning stages of construction at the nearby 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 on the property. Victoria currently trades at a discount on a per ounces basis, or C$31/oz versus peers at C$59/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction. read more


Monday, August 28, 2017 Derek Macpherson

VIT Ups Exploration Budget; Drilling Continues

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Victoria Gold Corp. (TSXV:VIT) reported results from 12 holes drilled at its Olive-Shamrock Zone from ongoing exploration on its Dublin Gulch property in the Yukon. Results continue to return high-grade results over good widths, as highlighted by 2.78 g/t Au and 33.15 g/t Ag over 22.5m (DG17-848C) and 2.24 g/t Au and 2.01 g/t Ag over 16.5m (DG17-845C). Notably, due to continued exploration success the company has increased its exploration budget from C$6.2 million to C$12.5 million. Drilling focused on Olive-Shamrock is now complete (24 holes over 5,000m) with results from 9 holes pending. The company is now targeting the Spinach Zone located north of Shamrock. 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$33/oz versus peers at C$57/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction. read more


Monday, August 21, 2017 Derek Macpherson

VIT Breaks Ground at Eagle; Gets a Head Start on 2018

Victoria Gold Corp. (TSXV:VIT) has officially commenced construction at Eagle with its early start, C$40 million Phase 1 construction program. The primary focus of the program is to position the company for full construction in 2018 by upgrading existing roads, expanding the camp and completing detailed engineering. As well, critical path earthworks projects for the valley leach facility and crusher are being completed. We note that the company is starting construction without the full funding in-place; however, with a cash balance of C$63 million (at May 31, 2017) and a commitment letter in place for a US$220 million debt facility, we estimate the company only requires additional funding of ~C$70-90 million. 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$52/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project has just transitioned from shovel ready to under-construction. read more


Friday, August 04, 2017 Derek Macpherson

VIT Drills Underexplored Popeye Target

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Victoria Gold Corp. (TSXV:VIT) reported drill results from its Popeye Target, located ~1km west of the Olive-Shamrock deposit, near the Eagle Gold Mine. The target has been relatively unexplored, with only having four holes previously drilled. Results were highlighted by hole DG17-832C returning 46.63 g/t Au over 4.3m, including 131 g/t Au over 1.5m, in addition, 100m apart, results from the second hole returned lower grade material. Although early days, the positioning of the target, between two key areas on the Dublin Gulch property, make it a target of interest and acts as another example of the properties exploration upside. 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$59/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the project is “shovel-ready”. read more


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”. read more


Friday, June 09, 2017 Derek Macpherson

VIT Reports Initial Results from Olive-Shamrock

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Victoria Gold Corp. (TSXV:VIT) released initial results from 3 of the 18 holes completed to date at the Olive-Shamrock zone on its Dublin Gulch property in the Yukon. 3,000m of drilling has been completed since the program began in April, following the Potato Hills Trend mineralization concept used to explore other nearby targets. Results were highlighted by Hole GD-790C returning 1.01 g/t Au over 18.85m within a wider interval and Hole DG-801C returning 1.08 g/t over 51.02m within a wider interval. Exploration continues at the property, with a steady stream of results expected, which should demonstrate the potential for resource growth. We expect these results along with further regional exploration results to likely to be positive catalysts for the stock and should help demonstrate the projects exploration upside and growth opportunities to potential acquirers. At 0.75x NAV, Victoria currently trades at a premium to peers at 0.63x NAV, while trading at a discount on a per ounces basis, or C$43/oz versus peers at C$60/oz. We believe Victoria’s premium valuation versus peers is warranted given the project’s scale, jurisdiction, permits, advanced project financing and the company’s strong balance sheet. read more


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