TICKERS: VGCX; VITFF

Exploration Expands Gold Resources in the Yukon

Source: Streetwise Reports (7/27/17)

A trio of analysts sees exploration upside at this company's fully permitted and shovel-ready project in the Yukon.

Eagle Gold Project

Victoria Gold Corp. (VIT:TSX.V) released on July 24 additional drill results from its 2017 Dublin Gulch exploration program. The results are from 17 holes in the Eagle West zone, and the company noted that "the results continue to demonstrate gold mineralization proximal to the Eagle Gold Deposit. . .mineralization at Eagle West is geologically similar to Eagle and represents a potential satellite deposit accretive to the main Eagle deposit."

Victoria's President and CEO John McConnell stated, "the Eagle West drilling this season clearly demonstrates that additional, near-Eagle gold mineralization exists at Dublin Gulch and underscores Victoria's ability to continue to build out new gold resources within the shadows of the Eagle Gold Mine infrastructure," adding, "exploration at Eagle West is notable not only for a positive application of the mineralization model but also for its potential to be utilized as overliner material for the Eagle Gold Mine heap leach facility replacing barren rock that was assumed for the 2016 feasibility study. This mineralized overliner is expected to have a meaningfully positive impact on early stage cashflows."

Analyst Ryan Walker of Echelon Wealth Partners, in a July 24 report, stated that the most recent results "are similar to those in the initial batch," adding, "he near-surface results continue to suggest the potential for relatively quick mine-life additions, while also demonstrating the substantial exploration potential remaining along the 18km-long Potato Hills Trend at Dublin Gulch."

Walker concluded that "our positive bias towards VIT shares reflects the project's strategic size, fully permitted and shovel-ready status, district-scale land package with substantial exploration potential near excellent infrastructure, and situation in Canada."

Echelon has a Speculative Buy rating on Victoria Gold and a target price of $0.90 per share. The company is currently trading at around $0.51.

Derek Macpherson of Red Cloud Klondike Strike Inc., in a July 24 comment, noted that "the Eagle West Zone is adjacent to the Eagle Gold Mine, and results continue to highlight the potential to add near mine resources." He observed that the "ongoing 2017 Dublin Gulch exploration program uses the Potato Hills Trend mineralization concept, which is proving to be an effective tool to identify targets. The concept led to the company also identifying a higher-grade zone on the northern contact margin of the intrusive at Eagle West," adding, "the company continues to drill, focusing on the Eagle Extension Zone adjacent to the western pit wall of the Eagle Gold Mine."

Macpherson concluded that "we expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists."

Analyst Heiko Ihle visited Victoria's project earlier this month and stated in a July 24 report that "we view Victoria Gold's (VIT; not rated) Eagle Gold Project as a low cost, lower-risk project that should provide leverage to the price of gold. We were impressed with the projects low AISC, along with the fact that all necessary permits are already in hand."

Ihle also noted that "we think that Victoria is an attractive proposition for investors looking for leveraged exposure to the price of gold. Further, we believe the company has a lower risk profile than other projects within the Yukon, given that the project is fully permitted, has quality infrastructure in place, and is nearing construction."

"We expect Victoria to attract the attention of major producers once the project is fully de-risked from a financing perspective," Ihle concluded.

Read what other experts are saying about:

Victoria Gold Corp.

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Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Victoria Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

Disclosures from Echelon Wealth Partners, Victoria Gold Corp., July 24, 2017

Echelon Wealth Partners compensates its Research Analysts from a variety of sources. The Research Department is a cost centre and is funded by the business activities of Echelon Wealth Partners including, Institutional Equity Sales and Trading, Retail Sales and Corporate and Investment Banking.

ANALYST CERTIFICATION Company: Victoria Gold Corp. | VIT:TSXV
I, Ryan Walker, hereby certify that the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that I have not, am not, and will not receive, directly or indirectly, compensation in exchange for expressing the specific recommendations or views in this report.

Important disclosures:
During the last 12 months, has Echelon Wealth Partners Inc. provided financial advice to and/or, either on its own or as a syndicate member, participated in a public offering, or private placement of securities of this issuer? Yes

During the last 12 months, has Echelon Wealth Partners Inc. received compensation for having provided investment banking or related services to this Issuer? Yes

Has the Analyst had an onsite visit with the Issuer within the last 12 months? (Dublin Gulch Site Visit – July 2016) Yes

Rodman & Renshaw, 2017 Yukon Exploration and Mining Property Tours, July 24, 2017

I, Heiko F. Ihle, CFA, certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies.

Neither the research analyst nor the Firm has any material conflict of interest in of which the research analyst knows or has reason to know at the time of publication of this research report.

The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services.

The Firm or its affiliates did not receive compensation from Western Copper and Gold Corporation for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report.

Red Cloud Klondike Strike Inc., Victoria Gold Corp., RCKS Talk, July 24, 2017

Part of Red Cloud Klondike Strike Inc.'s business is to connect mining companies with suitable investors that qualify under available regulatory exemptions (the "Red Cloud KS Business"). Red Cloud Klondike Strike Inc., its affiliates and associates, and their respective officers, directors, representatives, researchers and members of their families (collectively, "Red Cloud KS") may hold positions in the companies mentioned in this publication and may buy or sell, or buy and sell their securities or securities of the same class on the market or otherwise. Additionally, Red Cloud KS may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.

Victoria Gold Company Specific Disclosures

1) A member of Red Cloud KS team has visited/viewed material operations of the issuer.

2) In the last 12 months, Red Cloud KS has been retained under a service or advisory agreement by the subject issuer.

4) Red Cloud KS or a member of the Red Cloud KS team or household, has a long position in the shares and/or the options of the subject issuer.

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