Victoria Gold Corp. (TSX-Venture:VIT) shares reached for the sky Tuesday following an update on construction at the Eagle Gold Mine in the Yukon.
The Toronto-based miner, in its news release, reported that construction is over 90% complete with more than 1,250,000 hours worked without a Lost Time Incident.
According to CEO John McConnell, "With construction activities on the verge of completion and operations well advanced, the Eagle Gold Mine is nearing reality. The mine is ahead of schedule and ready to deliver tremendous value for all Victoria stakeholders for many years to come.”
Site infrastructure is complete. The 45-kilometre, 69-kilovolt power line from the Yukon electrical grid and the on-site 13.8 kV power distribution are complete. The two associated sub-stations and all transformers are complete. The power line to site is set to be energized in early May and will be used for commissioning and into operations
Shares in the miner shot higher 3.5 cents, or 8.9%, to 43 cents, on volume of 343,000
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