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Press Release –
July 28, 2014
Toronto, ON July 28, 2014 / Victoria Gold Corp. (TSX.V-VIT) “Victoria” or the “Company” is pleased to announce commencement of the 2014 Phase 2 Olive exploration program following receipt of additional high grade gold intercepts from the 2014 Phase 1 program at the Olive Zone, adjacent to Victoria’s Eagle Gold deposit, Yukon Canada.
Mr. John McConnell, President and CEO of Victoria commented “Our confidence continues to increase that the Olive Zone will have a meaningful economic impact on the proposed Eagle Gold Mine. We intend to demonstrate this through a maiden Olive Resource Estimate followed by an update to the Eagle Feasibility Study and economic model with the incorporation of Olive.”
Phase 1 Program
Victoria’s 2014 Phase 1 Olive Exploration program included 20 diamond drill holes, 3 of which were used solely for metallurgical testing. The first 5 diamond drill holes from the Phase 1 program yielded highly encouraging results including69.7m of 2.29 g/t gold and 96.1m of 1.22 g/t gold (see News Release dated June 24, 2014).
Victoria has received assay results for an additional 6, Phase 1 holes including 31.5 m of 2.19 g/t gold and 35.3 m of 1.67 g/t gold. A summary of mineralized intervals from assay results from the latest 6 holes is presented below.
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