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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: VIT Consistently Bottoms Out in the Aug - Oct Time Frame

VIT Consistently Bottoms Out in the Aug - Oct Time Frame

posted on Jul 04, 2008 07:28AM

Victoria's stock has had a consistent pattern of bottoming out between Aug & Oct of each year - this seasonal pattern seems to coincide with an increase in drilling activity and assay reports from those activities. We should have some more drilling results reported in July from Cove McCoy from hole #10 and #11. If the third rig has arrived, as expected by now, we could see that rig used to complete hole #9 and the results from that hole could be available sometime in August. By year-end, Victoria should have completed its 2nd drilling phase of 15 holes at Cove McCoy. When that phase is concluded, the company will then make a determination as to whether or not to implement a third drilling phase which would be designed to eventually determine the amount of gold reserves at Cove McCoy. Victoria will also be doing some additional drill at their Hilltop property between now and September this year. So you can see, it is likely that Victoria is going to have several press releases from drilling activity in the coming months. This year we may have already reached its low for this seasonal period @ .70 - if not, its hard to believe that this stock could decline much further, especially if the company continues to report high grade gold mineralization from upcoming drilling reports. I intend to continue to add to my holdings in the low 70 cent range.

See link to seasonal chart below:



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