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Victoria Gold starts drill program at Eagle gold project target in Yukon

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Victoria Gold starts drill program at Eagle gold project target in Yukon

Victoria Gold Corp.said March 31 that it has begun diamond drilling at the Olive-Shamrock target, whichis a satellite zone to the company's fully permitted Eagle gold project in Canada's Yukon Territory.

Two diamond drill rigs are in operation, with a third anticipatedto start in the coming days. The C$3.6million program aims to drill for 8,000 meters, and will focus on expandingthe strike length of confirmed near-surface, high-grade gold mineralization withinOlive-Shamrock. Drilling is expected to be completed in 10 weeks' time.

Victoria Gold will also target the previously untested 300-meterzone between the Olive and Shamrock targets.

The company, meanwhile, expects to release a maiden resourceestimate for the Olive target as part of the updated Eagle gold feasibility studyin the fall of 2016.