Victoria's VBW claims are located in the Mayo Mining District approximately 80 km from Mayo and 10 km from the Eagle Gold Deposit. The VBW claim block is contiguous with the Company's Dublin Gulch Property.
The VBW Project represents an analogous precious metals exploration target akin to the Company's Eagle Gold Deposit, large-tonnage, intrusion-related gold systems associated with Cretaceous Tombstone and Mayo suite granodiorite intrusions and structurally-controlled high-grade gold-sulphide ± silver-sulphosalt veins.
In November 2011 Victoria Gold staked 1,012 quartz mining claims, covering approximately 205 km2 (20,500 hectares) of First Nation of Na-Cho Nyak Dun (FNNND) Category B lands immediately to the west of its Dublin Gulch Property. Surface rights on the Category B Lands belong to the FNNND and are part of the FNNND's final Umbrella Agreement with the federal and territorial governments. The FNNND signed an agreement giving consent to Victoria for staking claims and conducting exploration on the Category B Lands.
The VBW Claim Block covers the southwest strike extent of the highly prospective Potato Hills Trend, which is defined by several outcropping granodiorite bodies and a number of large-scale faults that potentially host mineralization similar to the Company's flagship Eagle deposit. The Claim Block, (Figure 1, highlighted in green), is considered highly prospective for intrusion-related gold system (IRGS) type mineralization and had not seen any mineral exploration activities in over 20 years. Historical exploration on the VBW Property included mapping and sampling by the Yukon Geological Survey in the mid-1990's, and minor, poorly documented prospecting for gold and silver in the early- to mid-20th century.