According to a report in Canada’s CBC News, two C$6.5 million Caterpillar 6040 hydraulic face shovels, built in Dortmund, Germany, have been shipped to Victoria Gold’s Eagle gold mine site located about 80 km north of Mayo, Yukon. The loading tools were shipped from Germany to Halifax then loaded on trucks and trucked up to Edmonton and then up to Whitehorse and on to Eagle.
The hydraulic shovels had to be taken apart and shipped in 30 tractor-trailer loads across Canada. Each has a 7,500 litre fuel tank and both have over 2,000 horsepower and can move 30 cubic yards of material with each bucket load. The two shovels are capable together of moving 60,000 t of rock per day. The machines will load a fleet of 11 Caterpillar 785 trucks now being shipped to site from the US.
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 km north of the capital city of Whitehorse, and approximately 85 km from the town of Mayo. The Property is accessible by road year-round, and is located within Yukon Energy’s electrical grid. The company has constructed and maintains a 210 person all-season camp at the project site. The property covers an area of approximately 555 square kilometres, and is the site of the company’s Eagle gold deposit.
The Eagle gold mine is expected to be Yukon’s next operating gold mine and, between the Eagle and Olive deposits, include proven and probable reserves of 2.7 Moz of gold from 123 Mt of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated to host 191 Mt averaging 0.65 grams of gold per tonne, containing 4 Moz of gold in the “Measured and Indicated” category, inclusive of proven and probable reserves, and a further 24 Mt averaging 0.61 grams of gold per tonne, containing 0.5 Moz of gold in the “Inferred” category. Full construction commenced March 15, 2018 with completion and first gold pour scheduled for the second half of 2019.