RCKS talk

Friday, June 09, 2017 Derek Macpherson

VIT Reports Initial Results from Olive-Shamrock

Download Report

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


Monday, June 05, 2017 Derek Macpherson

VIT Continues to Demonstrate Resource Growth Potential

Download Report  

Victoria Gold Corp. (TSXV:VIT) released initial drill results from the 2017 Dublin Gulch exploration program, 22 of the 41 results (3,600m) drilled to date targeted the Eagle West zone, near its Eagle Gold deposit. The program commenced early April, which followed the Potato Hills Trend mineralization concept, noting Eagle West showed similar geological features as both Eagle and Olive-Shamrock. Results were highlighted by 2.1 g/t Au over 21.3m from Hole DG17-805C, 0.88 g/t Au over 21.0m from Hole DG17-783C, and 0.85 g/t Au over 16.2m from Hole DG17-779C. In addition, metallurgical sampling was completed to determine whether the material is heap leach recoverable, the process to be used at the Eagle Gold Mine. More results are pending from the program, we expect these 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 0.73x 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$41/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


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

Download Report

On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


Thursday, February 09, 2017 Derek Macpherson

VIT Highlights Regional Exploration Potential Near Eagle

Download Report  

On February 8th, 2017, Victoria Gold Corp. (TSXV:VIT) hosted a workshop to highlight the exploration potential of its Yukon properties. The previously announced 2017 exploration program is designed to explore the regional targets nearby the company’s shovel ready Eagle Gold project. The company trades at a premium to peers on a NAV basis; however, we believe this premium is warranted given the project’s scale, jurisdiction, permits, advanced project financing and the company’s strong balance sheet. While the near-term focus of investors is likely to be on project financing, the planned regional exploration is likely to be a positive catalyst for the stock and should help demonstrate the projects exploration upside to potential acquirers.  read more


Wednesday, January 25, 2017 Derek Macpherson

VIT Takes First Step Towards Financing Eagle

Download Report  

Victoria Gold Corp. (TSXV:VIT) announced it has signed an engagement letter with BNP Paribas (EPA:BNP) to arrange a US$220 million (C$289 million) project debt facility. The syndicated facility is expected to have a tenor of six years and close in Q2 2017. This is an important de-risking step for Victoria to progress the fully permitted Eagle project towards production. This debt coupled with Victoria’s strong cash position at the end of FQ3 2016 (C$62.9 million in cash + marketable securities) moves Eagle closer to production, however, Victoria is likely to need additional capital to fully fund the project (C$50-80 million). At 0.66x NAV, Victoria currently trades at a premium to peers (0.54x NAV), while trading at a discount on a per ounce basis, or C$37/oz versus peers at C$55/oz. We believe Victoria’s premium valuation versus peers is warranted given the project’s scale, jurisdiction and permits. The company’s 2017 exploration program in conjunction with closing of the project financing has potential to be positive catalysts for the stock.  read more


Thursday, January 19, 2017 Derek Macpherson

VIT Announces 2017 Exploration Program

Download Report  

Victoria Gold Corp. (TSXV:VIT) announced a 2017 exploration program on its Dublin Gulch Property and regional targets within the larger property area. The $6.2 million Phase 1 program will continue step-out and definition drilling of the mineralization structure from its 2016 program at the Olive-Shamrock zone, including exploration along strike. In addition the program will include exploration of six other targets along the Potato Hills Trend within 5 km of the Eagle Gold Mine footprint; East Potato Hills, Rex-Peso, Nugget, Lynx Dome and Anne Gulch as well as the Falcon target on the company’s VBW Claim Block east of Dublin Gulch. At 0.59x NAV, Victoria currently trades at a premium to peers at 0.52x NAV, while trading at a discount on a per ounces basis, or C$35/oz versus peers at C$54/oz. We believe Victoria’s premium valuation versus peers is warranted given the project’s scale, jurisdiction and permits. The company’s 2017 exploration program in conjunction with project financing has potential to be a positive catalyst for the stock.  read more


Tuesday, November 22, 2016 Derek Macpherson

VIT Reports Positive Phase 2 Results from Olive-Shamrock

Download Report  

Victoria Gold Corp’s (TSXV:VIT) has announced results from its Phase 2 Olive-Shamrock drill program at its Eagle Gold Project in Yukon. Results were highlighted by 0.70 g/t Au over 70.1m (DG16-750C) and 1.34 g/t Au over 15.2m (DG16-768C) which compares favorably to the deposit’s resource grade. The results suggest the deposit’s expansion potential to the Northeast, underlining the resource upside potential at Olive-Shamrock. We believe that additional results from the company’s planned drilling along the Potato Hills trend in conjunction with a project financing have the potential to be positive catalysts for the stock.  read more


Sunday, October 16, 2016 Derek Macpherson

Site Visit: Victoria’s Eagle Project Poised to Soar

Download Report  

Last week we visited Victoria Gold Corp’s (TSXV:VIT) Eagle Gold project in the Yukon. While our visit highlighted some important points about the project it did not materially change our view on the project’s potential, as highlighted by the recently updated feasibility study. The key takeaways from our visit included the exploration upside at Olive and Shamrock, along with other long-term targets, that the company is looking to take advantage of its balance sheet to reduce pre-production capital costs and the visit solidified our view, pending financing, that the company is planning to start construction in early 2017. We expect a project financing update, along with additional drill results from Olive-Shamrock to be the next catalysts for Victoria. As well, we believe the current valuation only partially reflects the recent feasibility study update and still does not account for the project's shovel ready nature.  read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.