• GOLD:



2012 VBW Program Highlights

  • 2012 program delineated 5 km long east-west trending soil anomaly > 20 ppb Au coincident with oxidized breccia and fault in VBW claim block.
  • 2012 Mapping identified outcropping granodiorite stock, breccia, tourmaline alteration and hornfels sediments.

In September 2012, VIT collected 1,942 ridge and spur soil samples from the VBW and VBS claim blocks. VBS claim blocks have been allowed to lapse due to a lack of prospective geological findings. Results of the VBW claim block soil sampling program defined a 5 km long, east-west striking gold-in-soil (>20 ppb Au) and coincident As, Ag, Sb and Bi trend, returning from trace up to 244 ppb Au. The trend is proximal to and coincident with an area of quartz veined quartzite with local areas of heavily oxidized brecciated quartzite and associated en-echelon quartz veins as well as several mapped faults. Contact metamorphism in the metasedimentary rocks, identified and mapped by the YGS in 1996, extends 2 km east-west in the vicinity of the highest soil values at VBW, and suggests the presence of an underlying intrusion. The mapping program delineated two outcropping igneous bodies on the VBW claim block. One is located 1.5km north of the gold in soil trend and the other is located in the northwest quadrant of the VBW claim block. The intrusions are interpreted to be of similar character to the Dublin Gulch stock, which hosts the company's Eagle gold deposit*, located 15 km to the east.

*See the Eagle Gold Project page for details of the Eagle NI 43-101 Resource estimate.

Exploration in the VBW claim block commenced in August of 2013 and comprised of a 1,454 soil sample grid at a 50m by 100m spacing and 36 regional stream sediment samples; and a helicopter-supported mapping and rock chip sampling program conducted by Victoria Gold Corp. The mapping program focused on anomalous arsenic values from the soil sample grid as provided by real-time XRF analysis in the field, and on continuation of the 2012 mapping to the west of the main ridge area. In total, 43 rock-chip samples were collected throughout this program.

2013 VBW Program Highlights

Results from a first phase 2013 mineral exploration program confirmed an extensive gold >40ppb and coincident copper-arsenic anomaly with highs up to 1.02 g/t Au. The zone consists of an area of stockwork quartz-veined Hyland group metasediments, local faulting, and mid-Cretaceous age granitoids of the Tombstone Plutonic Suite. Characteristics of contact metamorphism in the sediments is evident extending 2km east-west in the vicinity of the highest soil values in VBW. The intrusions are interpreted to be of similar character to the Dublin Gulch stock located 15 km to the east.

Based on the tenor and size of the Gold/Arsenic-in-soils geochemical anomalies uncovered and the success of the geological mapping and sampling programs in September 2013, a decision was made to drill test the VBW target in Fall, 2013.

Victoria's inaugural drill program on the VBW Claim Block was conducted during October 2013 and was designed to test the arsenic and gold in soil anomaly proximal to the mapped intrusive exposures and interpreted structural intersections. The program consisted of 958 m of HQ core. Results from this program are tabulated below:

Table 1- 2013 Falcon diamond drilling results.

Drill Hole From (m) To (m) Length (m) Grade (g/t Au)
VBW13-01C 7.00 66.20 59.20 0.58
including 9.50 23.50 14.00 0.98
including 60.50 66.20 5.70 1.30
VBW13-01C 180.90 211.55 30.65 0.68
including 180.90 193.50 12.60 0.95
including 180.90 182.50 1.60 6.32
VBW13-02C 7.00 166.65 159.65 0.40
including 34.00 39.80 5.80 0.84
VBW13-04C 82.00 270.00 188.00 0.30
including 192.00 198.00 6.00 0.86

The program was successful in defining widespread, pervasive gold mineralization of >0.5 g/t Au and resulted in VIT's latest gold mineralization discovery within the Potato Hills Trend -- the Falcon Zone.

The four drill holes intersected hornfelsed and heavily tourmaline altered Hyland Group metasediments with varying degrees of oxidation and vein intensity. Three major fault and shear structures intersect in this area with south, west, and north-west strike and moderate to near vertical dips. Higher grade intercepts in the drill core up to 6.32 g/t Au correspond to faulted areas, however lower grade gold mineralization is consistently present though much of the hornfelsed country rock. Minerals found within the veins and disseminated in the sediments include arsenopyrite, realgar, chalcopyrite, pyrite, bismuthinite and rarer galena.

One intensely tourmaline-brecciated granodiorite dyke was intersected in hole VBW13-03C, but the main intrusive body that outcrops at surface was not intersected.

Table 2 - Falcon diamond drill hole locations.

Hole_ID UTM_E UTM_N Elevation Azimuth Dip Depth (m) Notes Year
VBW13-01C 438627 7097983 1329 45 -50 253.00 HQ 2013
VBW13-02C 438627 7097983 1329 25 -70 197.00 HQ 2013
VBW13-03C 438637 7097829 1339 40 -55 238.00 HQ 2013
VBW13-04C 438899 7098116 1355 225 -50 270.00 HQ 2013

2014-2017 VBW Program Highlights

In 2014 a ground magnetic/VLF survey was conducted over a small portion of the Falcon zone concurrently with a mapping program. This helped delineate the intrusion-sediment contact and highlight several prominent faults in the area.

The 2017 program consisted of property wide airborne magnetic, radiometric and LiDAR surveys. In addition, a soil geochemical survey was conducted following up on ridge-and-spur sampling results from 2012 over two intrusion-related exploration targets. The soil survey consisted of 2,849 samples from two grids as well as additional mapping and prospecting in the area.

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