Mining News: Northern Neighbors: Victoria hits more gold between Olive, Shamrock

Victoria Gold Corp. May 24 published the third set of results from its 2016 drilling at Olive-Shamrock, satellite deposits at the Eagle Gold project in Yukon Territory. The company said the assay results from these 10 holes confirm the continuation of gold mineralization between Olive and Shamrock and validates an exploration model currently testing the near-surface mineralization in the Olive-Shamrock Shear Zone. Highlights from the drilling include 22.4 meters of one gram per metric ton gold in hole DG16-662C; 28.4 meters of one g/t gold in DG16-663C; 22.9 meters of 1.5 g/t gold in DG16-665C; 54.4 meters of 1.3 g/t gold in DG16-669C; and 66.5 meters of 1.1 g/t gold, including 26.5 meters of 2.1 g/t gold in DG16.671C. The strike length of the Olive shear zone tested with the 2016 drilling program is at least 750 meters while the strike length of the Shamrock zone, the target of current drilling, is roughly 250 meters. This roughly 1,000-meter Olive-Shamrock zone remains open to the northeast, at depth and to the north where a number of geophysical and geochemical soil anomalies have yet to be fully tested. “The Olive-Shamrock Zone is shaping up nicely and while still early in the drill program, the continuity of mineralization at grades above 1.0 g/t bodes well for the economics of the zone,” said Victoria Gold President and CEO John McConnell. “When one steps back from the task at hand and looks at the coverage of this growing zone, it is an impressive size.”

- Shane Lasley