Mining News: Northern Neighbors: With Shamrock-Olive results in, Victoria prepares for phase 2

Victoria Gold Corp. July 20 posted another round of results from the spring 2016 Olive-Shamrock exploration program, this time from the Shamrock zone. Highlights from drilling at Shamrock include: 31 meters of 1.3 grams per metric ton gold from a depth of 28.9 meters in hole DG16-707C; 28.2 meters of 1.35 g/t gold from a depth of 93.5 meters in hole DG16-714C; 58.4 meters of 0.95 g/t gold from a depth of 38.5 meters in hole DG16-715C; 97.7 meters of 0.93 g/t gold from a depth of 31.8 meters in hole DG16-718C; and 55.4 meters of 0.92 g/t gold from a depth of 13.7 meters in hole DG16-724C. “The results from the Shamrock Zone are extremely encouraging, said Victoria Gold President and CEO John McConnell. “While it is still early days for the Shamrock target, we are pleased to confirm additional exploration upside in close proximity to the main Eagle deposit.” Previously released highlights from drilling at the adjacent Olive zone include: 38.1 meters of 2.1 g/t gold; 144.5 meters of1.2 g/t gold; 73.8 meters of 1.6 g/t gold; and 167.5 meters of 0.92 g/t gold. In June, Victoria raised C$2.85 million to help fund a second phase of 2016 exploration focused on Olive-Shamrock and other targets at its Dublin Gulch gold project. “On the back of a successful phase 1 program, we are currently following up with an IP (induced polarization) geophysics program along strike from the Olive-Shamrock zone. The geophysics program will assist in delineation of further drill targets for a phase 2 drill campaign late this summer,” said McConnell.

-Shane Lasley