Victoria Gold Receives Last Key Permit for Eagle Project

Victoria Gold Corp. (TSXV:VIT) announced that it’s received the final water use license for the construction, operation and closure of its flagship Yukon-based Eagle gold project.
As quoted in the press release:

Victoria’s Eagle Gold Project, a proposed open-pit heap leach mine projected to produce approximately 200,000 ozs of gold annually, has now been granted all major permits required to construct, operate and close the project. Victoria’s application to support the Environmental Assessment was submitted in December 2010. Since that time, Victoria has completed the Environmental Assessment (in April 2013), received a Quartz Mining License (in September 2014), received a Water Use License for construction (in February 2015) and, as announced herein, received a Water Use License for operations and closure. This completes the major mining permits required to advance Eagle through construction and operations.

John McConnell, president and CEO of Victoria Gold, commented:

With the final Water Use License in hand, Eagle represents a truly unique asset, being a fully permitted gold project, with First Nation support, located in Canada, capable of significant annual gold production exceeding 200,000 ozs at a low all-in-sustaining cost.

Click here to read the full Victoria Gold Corp. (TSXV:VIT) press release.