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    Victoria Gold drills 274.3 m of 2.5 g/t Au at Cove (Seite 169)

    eröffnet am 23.06.09 08:27:10 von
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    ISIN: CA92625W5072 · WKN: A2PVRH · Symbol: VGCX
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      schrieb am 30.10.09 07:45:12
      Beitrag Nr. 117 ()
      Victoria Gold begins drilling at Summit


      2009-10-29 15:31 ET - News Release

      Mr. Chad Williams reports

      VICTORIA ANNOUNCES THAT DRILLING AT SUMMIT GOLD PROJECT IS UNDERWAY

      Core drilling is under way at Victoria Gold Corp.'s 100-per-cent-controlled Summit gold project. The first diamond drill hole, PS-1, was recently completed to a depth of 529 metres, while the second hole, PS-2, was started this week.

      "We are excited to be starting our first-ever drill program at Summit," said Chad Williams, president, chief executive officer and director. "We used the same exploration techniques that have been very successful for Victoria to vector in on the areas of highest potential at Summit."

      The Summit property

      The Summit property is located 35 kilometres east of Gabbs in Nye county in Nevada, about 40 kilometres west-northwest of the Round Mountain mine and about 240 kilometres south of Victoria's Cove gold project. The property comprises 26 unpatented mining claims originally held by Taminco Inc., plus 249 unpatented claims staked by Victoria, all of which are now held under contract with Taminco, the underlying claimholder. Victoria has exercised its right to purchase the Summit property from Taminco and will own 100 per cent of the property once the final instalment payment, scheduled for 2013, has been made. Taminco will retain a 3.5-per-cent net smelter royalty from the property.

      Centred within the Summit property is a Carlin-type gold system. A small part of this mineralized area hosted the site of over 120 holes drilled by previous operators to an average depth of 95 metres. About 70 of these holes were drilled in a smaller area containing higher grades of gold, which produced about 8,800 ounces at a grade of 8.22 grams per tonne (g/t) in open-pit mining in 1988 and 1989. Many of the shallow, mostly vertical reverse circulation drill holes ended in strongly altered and dolomitized rocks containing anomalous gold grades within Triassic carbonate and carbonate-rich sediments. Gold mineralization is also known to occur in volcanic sediments at the base of the volcanic rocks. This historical data were used by Victoria in the decision to conduct further work at Summit. Further background on the Summit property can be found at the company's website.

      Victoria's exploration rationale at summit

      Victoria has completed a structural systematics mapping campaign and has delineated several targets for drilling. The first of these targets will be drilled in a three-hole array. This array will first test the intersection of steeply to shallowly plunging intersection zones of northwest, west-northwest and north-south structural orientation. Victoria is focused on expanding the potential of the gold mineralized area that covers a minimum 1,000-metre by 700-metre zone characterized by outcropping hydrothermal dolomite. This alteration/mineralization is thought to extend further under the volcanics, and drilling is designed to test mineralized rocks under these volcanic rocks and to extend the gold system laterally, as well as to depth.

      The technical contents in this news release were reviewed by Nancy J. Wolverson, independent consulting geologist. Ms. Wolverson is a certified professional geologist (CPGeo) through the American Institute of Professional Geologists (AIPG) and is a qualified person as defined in National Instrument 43-101. Dr. Raul Madrid, vice-president, exploration, of the company, directs the drilling and logging procedures, and is responsible for the geologic interpretation.

      We seek Safe Harbor.
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      schrieb am 30.10.09 07:44:00
      Beitrag Nr. 116 ()
      Victoria Gold arranges $10-million bought deal


      2009-10-29 17:01 ET - News Release

      Mr. Chad Williams reports

      VICTORIA GOLD ANNOUNCES $10.0 MILLION BOUGHT DEAL EQUITY SPECIAL WARRANT FINANCING

      Victoria Gold Corp. has entered into an agreement with Raymond James Limited, as lead underwriter on behalf of an underwriters syndicate, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 15,873,015 special warrants, priced at 63 cents per special warrant, for gross proceeds of $10-million.

      Each special warrant is exercisable into one common share of the company. The company will use its best efforts to obtain a receipt for a final prospectus within 45 days of closing of the offering, which will qualify the distribution of the common shares issuable upon exercise of the special warrants.

      The underwriters have the option to purchase up to an additional 7,936,507 special warrants, for additional gross proceeds of up to approximately $5-million if the option of the underwriters is exercised in full.

      Net proceeds from the offering will be used to advance Victoria's gold projects in Nevada and Yukon and for working capital purposes. The offering is expected to close on or about Nov. 24, 2009.

      Additional information about the financing

      The special warrants will be subject to a four-month hold period under applicable Canadian securities laws, although the company has agreed to use its best efforts to qualify the distribution of the underlying common shares by prospectus within 45 days of closing as described above. The offering is subject to acceptance by the TSX Venture Exchange. The underwriters will receive a cash commission equal to 6 per cent of the gross proceeds of the offering.

      We seek Safe Harbor.
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      schrieb am 30.10.09 07:43:31
      Beitrag Nr. 115 ()
      Victoria Announces That Drilling at Summit Gold Project Is Underway

      Press Release
      Source: Victoria Gold Corp.
      On 2:50 pm EDT, Thursday October 29, 2009

      Companies: Victoria Gold Corp (Tier2)
      TORONTO, ONTARIO--(Marketwire - 10/29/09) - Victoria Gold Corp. (TSX-V:VIT - News) ("Victoria" or the "Company") is pleased to announce that core drilling is underway at its 100% controlled Summit Gold Project. The first diamond drill hole, PS-1 was recently completed to a depth of 529 m while the second hole, PS-2 was started this week.

      "We are excited to be starting our first ever drill program at Summit", said Chad Williams, President, CEO, and Director. "We used the same exploration techniques that have been very successful for Victoria to vector-in on the areas of highest potential at Summit."

      The Summit Property

      The Summit property is located 35 km east of Gabbs, in Nye County, Nevada, about 40 km west-northwest of the Round Mountain Mine and about 240 km south of Victoria's Cove Gold Project. The property is comprised of 26 unpatented mining claims originally held by Taminco, plus 249 unpatented claims staked by Victoria, all of which are now held under contract with Taminco Inc., the underlying claim holder. Victoria has exercised its right to purchase the Summit property from Taminco Inc. and will own 100% of the property once the final installment payment, scheduled for 2013, has been made. Taminco Inc. will retain a 3.5% Net Smelter Royalty from the property.

      Centered within the Summit property is a Carlin-type gold system. A small part of this mineralized area hosted the site of over 120 holes drilled by previous operators to an average depth of 95 m. About 70 of these holes were drilled in a smaller area containing higher-grades of gold, which produced about 8,800 ounces at a grade of 8.22 g/t in open pit mining in 1988 and 1989. Many of the shallow, mostly vertical reverse circulation drill holes ended in strongly altered and dolomitized rocks containing anomalous gold grades within Triassic carbonate and carbonate-rich sediments. Gold mineralization is also known to occur in volcanic sediments at the base of the volcanic rocks. This historical data was used by Victoria in the decision to conduct further work at Summit. Further background on the Summit property can be found at www.vitgoldcorp.com.

      Victoria's Exploration Rationale at Summit

      Victoria has completed a Structural Systematics mapping campaign and has delineated several targets for drilling. The first of these targets will be drilled in a three-hole array. This array will first test the intersection of steeply to shallowly plunging intersection zones of NW, WNW, and N-S structural orientation. Victoria is focused on expanding the potential of the gold mineralized area that covers a minimum 1,000 m by 700 m zone characterized by outcropping hydrothermal dolomite. This alteration/mineralization is thought to extend further under the volcanics, and drilling is designed to test mineralized rocks under these volcanic rocks and to extend the gold system laterally, as well as to depth.

      The technical contents in this press release were reviewed by Nancy J. Wolverson, Independent Consulting Geologist. Ms. Wolverson is a Certified Professional Geologist (C.P. Geo.) through the American Institute of Professional Geologists (AIPG) and is a Qualified Person as defined in National Instrument 43-101. Dr. Raul Madrid, Vice President, Exploration of the Company, directs the drilling and logging procedures and is responsible for the geologic interpretation.

      About Victoria

      Victoria is a high growth gold company with a focus on adding value per share through efficient exploration, project development, accretive acquisitions and effective marketing. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria's management team.

      On Behalf of Victoria Gold Corp.

      Chad Williams, P. Eng, CEO, President & Director

      Cautionary Language and Forward-Looking Statements

      This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

      This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

      Contact:



      Contacts:
      Victoria Gold Corp.
      Chad Williams
      President & CEO
      416-866-8800 ext 230
      cwilliams@vitgoldcorp.com
      Avatar
      schrieb am 29.10.09 17:56:20
      Beitrag Nr. 114 ()
      Das Interview ist nun auf der Homepage...
      http://www.vitgoldcorp.com/

      dazu aus stockhouse.com (hat übrigens allgemein ein sehr hohes Diskussionsniveau in diesem Thread;))

      man sieht, da kommt noch Einiges auf uns zu:cool:

      And just to add a few highlights from the 1 hour conference call and the indicated tracking time :

      2:50 to 3:43
      - John comments extensively on all aspects of the Eagle project from drilling to the PreFeasibility to advancing work on 2 of the other zones at Dublin Gulch. News out by year-end.
      3:44 to 4:25
      - John does the same for the Helen project. Commentary about the resource estimate, the PEA (Preliminary Economic Assessment) and the Side of the Cove wall adit. News out between November 15 to 30.
      4:35 to 4:58
      - Chad gives the latest on the Guyana properties and, in particular, lets us know that there could be news about monetization shortly. He did say that such monetization could come from Guyana assets, Yukon assets or even Nevada assets.
      5:00 to 8:42
      - Raul gives us a rundown on some of the Santa Fe history, then the rundown on all the holes with particular emphasis on BH-1 and BH-2. Major fault lines are explained. Post mineral faulting is explained. Orientation of the 8 blocks of mineralization encountered. And much more because my memory fails me.
      20:38
      - Chad mentions about 6 to 8 weeks for the next Santa Fe results and explains why. Also mentions guidance next week on all the drilling programs.
      21:35
      - Chad talks about the burn rate and that VIT will likely spend the minimum of $10 million next year.
      34:09
      - Chad mentions here that guidance will be given out on all the other Nevada properties as well.
      35:15
      - Chad discusses the various methods available for generating cash flow and how these options work.
      42:00
      - Raul outlines how they will move quickly to the higher grade gold targets and discusses the points on lateral and vertical extents as well as the stacked sequenceof the mineralized beds.
      43:40
      - Raul is asked about and explains some of the concepts dealing with his Structural Sytematics.
      45:45
      - Chad discusses the exploration plans for Cove, Eagle, Santa Fe and other properties. I believe that he mentioned that guidance would be released.
      58:30
      - John gives details about the vertical and lateral extensions of diamond drilling at Eagle and at depth. Drilling has been completed and the assaying at the lab is just starting. He expects 4 weeks for this and that the results would be released shortly after.
      Avatar
      schrieb am 29.10.09 16:08:27
      Beitrag Nr. 113 ()
      Gold gibt wieder Gas

      ich gebe schon mal das Anschnallzeichen bei VIT :D

      es dürfte schnell wieder über 0,80 CAD gehen :lick:

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      Avatar
      schrieb am 28.10.09 22:35:48
      Beitrag Nr. 112 ()
      Deftig wie aktuell alles runtergeprügelt wird....VIT natürlich inklusive...
      Avatar
      schrieb am 27.10.09 14:01:18
      Beitrag Nr. 111 ()
      Time: 10:30 a.m. EST --> 15:30 Uhr unserer Zeit gehts los
      Avatar
      schrieb am 27.10.09 13:56:29
      Beitrag Nr. 110 ()
      Antwort auf Beitrag Nr.: 38.260.941 von MC_DANIEL am 27.10.09 13:51:0310:30 a.m. EST --> 15:30 Uhr unserer Zeit gehts los...
      Avatar
      schrieb am 27.10.09 13:51:03
      Beitrag Nr. 109 ()
      Für alle die nachher mithören wollen, die Einwahlnummern haben sich geändert:

      VICTORIA TO HOST CONFERENCE CALL ON TUESDAY, OCTOBER 27 AT 10:30 AM EST-CHANGE TO DIAL-IN NUMBER
      10/26/2009 10:36:54 PM - Market Wire

      TORONTO, ONTARIO, Oct 26, 2009 (MARKETWIRE via COMTEX News Network) --
      Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or the "Company") will host a conference call to update shareholders on recent developments involving the Company, including the drill results announced last week from the Santa Fe gold exploration project in Nevada. The call will be hosted by Chad Williams, President, CEO, and Director. John McConnell, Executive VP and Director and Raul Madrid, VP Exploration will also be on the call. An archived audio recording will be available on the Company website following the call.

      To allow the maximum number of participants on the call, the dial-in number has been changed to the following:

      Call-in Details: Date: Tuesday, October 27, 2009 Time: 10:30 a.m. EST Local dial-in number: 416-644-3417 Toll free dial-in number: 1-877-974-0447 Conference ID: 4179212

      About Victoria
      Avatar
      schrieb am 27.10.09 08:51:21
      Beitrag Nr. 108 ()
      Antwort auf Beitrag Nr.: 38.256.653 von MC_DANIEL am 26.10.09 20:53:56vielleicht ein kleiner Endspurt

      gab sogar einen "großen-kleinen" Endspurt :D
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      Victoria Gold drills 274.3 m of 2.5 g/t Au at Cove