In a press release today, Victoria Gold Corp. (TSX-V: VIT) announced that (i) drilling had started at the Company’s Summit Gold Project; (ii) the first diamond drill hole has been completed to a depth of 529 meters; and (iii) the second drill hole was started this week. As one would expect, the Company will implement the same exploration techniques it has used in the past to “vector-in” on the areas of highest potential at Summit.
Centered within the Summit property is a Carlin-type gold system. A small part of this mineralized area hosted the site of over 120 holes drilled by previous operators to an average depth of 95 m. About 70 of these holes were drilled in a smaller area containing higher-grades of gold, which produced about 8,800 ounces at a grade of 8.22 g/t in open pit mining in 1988 and 1989.
