Property Location
The Dublin Gulch property is located approximately 85 km by road north northeast of the Village of Mayo, Yukon. The Dublin Gulch claim block is situated within the Tintina Gold Belt and hosts the flagship Eagle Gold deposit as well as multiple other targets at various stages of development.
Deposit Type
Large-tonnage reduced intrusion-related gold systems associated with Cretaceous Tombstone and Mayo suite granodiorite intrusions and structurally-controlled high-grade gold-sulfide veins.
Project Summary
The Dublin Gulch property comprises the flagship Eagle gold deposit and multiple adjacent prospects at various stages of exploration. Mineralization at Eagle is characterized by sub-parallel, gold-bearing sheeted quartz vein arrays that developed proximal to the contact between the Cretaceous-age granitoid Dublin Gulch stock and surrounding Proterozoic metasedimentary country rock. The density and continuity of the vein sets make the gold deposit amenable to open-pit mining. The property has been explored by a series of owners and operators, initially for tungsten and subsequently for gold. Victoria Gold acquired the Property in June 2009 and commenced drilling and other exploration work that same year.
The Property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle Gold Deposit. The Eagle Gold Mine commenced operations in July 2019. The Eagle and Olive deposits, include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated to host 191 million tonnes averaging 0.65 grams of gold per tonne, containing 4.0 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 24 million tonnes averaging 0.61 grams of gold per tonne, containing 0.5 million ounces of gold in the "Inferred" category.