Agoracom: Small Cap Investment - Victoria Gold Corp

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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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Article by Proactive Investors

posted on Jun 26, 2009 06:06AM

http://www.proactiveinvestors.com/companies/sponsors_landing/516/victoria-gold-corp-0516.html

Victoria Gold Corp

www.vitgoldcorp.com

Description

Victoria Gold Corp (TSX.V: VIT) is a gold growth company focused on value creation for shareholders through efficient exploration and accretive acquisition. The company has an unparalleled project pipeline relative to its peers with a gold inventory of over 4.4 million ounces pro-forma the recent acquisitions of Gateway Gold Corp. and StrataGold Corp. In addition, the company's Cove project has recently returned very positive gold exploration results placing it amongst the best gold discoveries in Nevada in several decades. The gold mineral assets are located in areas of lower political risk and are at the development stage.

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Company Statement:

Victoria Gold Corp is a gold exploration company focused on value growth per share through efficient exploration and accretive acquisition, with interests in 17 gold projects located in North Central Nevada covering over 50,000 hectares (120,000 acres). In December 2008 Victoria acquired Gateway Gold including the Big Springs property hosting a NI 43-101 compliant inferred resource containing 1.2 million ounces of gold. In February 2009 the Company announced a friendly transaction to acquire StrataGold Corporation. The transaction is expected to close at the end of May 2009 and the Company's NI 43-101 gold resources resources will then total 4.4 million ounces. In addition, Victoria has a pipeline of exploration projects in Nevada, a region recognized for its high gold production and low political risk.

The Company’s strategy is to add value per share through efficient exploration, accretive acquisitions and effective marketing.

Maintaining a low risk profile through project diversification sound financial management and operating in secure jurisdictions are key priorities for Victoria’s management team.

Current Operations:

Victoria's Core Projects are: (click on each heading for more details)

Cove

Cove is Victoria’s most advanced gold exploration project and is located on a 6,982-hectare (17, 252 acre) property which is leased from Newmont.

Mill Canyon

On May 13, 2003 Victoria entered into a Purchase Agreement with Newmont to acquire a 100% interest in the Mill Canyon property. In 2005 Victoria earned its 100% interest by completing all the required payments and exploration expenditures. Newmont retains

Big Springs

The Big Springs project is the most advanced project which Victoria acquired from Gateway Gold Corp in December 2008.

Santa Fe

The Santa Fe project is located in southwestern Nevada within the Walker Lane physiographic province. The Walker Lane, one of the prime exploration terrains in Nevada, is host to over 45 million ounces of gold and 436 million ounces of silver.