Sunday, June 1, 2025

Latest

Victoria Gold Admits To Detecting Cyanide Downstream Of Heap Leach Incident

Victoria Gold (TSX: VGCX) has finally admitted to detecting cyanide in a water sample following its heap leach facility incident that saw the collapse of part the stacked ore on site.

The admission follows the company on July 4 stating that no cyanide had been detected downstream, which hours later was refuted by government authorities.

The company has stated that only one single sample detected cyanide downstream from the mine amid what is said to be daily water sampling from multiple locations by the company. The sample in question was collected on July 2, and indicated 5.7 ppb CN. Samples collected the following two days reportedly had no detection of cyanide.

READ: Victoria Gold Faces Charges After Landslide and Potential Cyanide Leak

While Victoria Gold says that no other samples collected as of July 10 have had elevated levels of cyanide, this comment is caveated by the fact that the firm only has results from samples collected up to July 4 – meaning no samples collected within the last eight days have seen the results returned.

In terms of scale of the incident, the company has now also stated that approximately 4 million tonnes of ore was involved in the collapse of the embankment, of which 2 million tonnes moved beyond the embankment area. The figure represents roughly 5% of the total ore stacked at the facility.

The slip meanwhile is said to have damaged certain piping and pumping infrastructure on site, along with the heap leach pad’s liner, two fixed conveyors, and certain electrical infrastructure in addition to the embankment itself. An investigation into what caused the incident is said to be underway, while mining operations remain suspended.

Victoria Gold last traded at $0.82 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Victoria Gold Reports 55,827 Ounces Produced At Eagle Gold Mine In Q3 2021

Victoria Gold Corp. (TSX: VGCX) announced this morning its production results for Q3 2021 at...

Tuesday, October 12, 2021, 11:10:00 AM

Sabre Gold Sells Brewery Creek Mine, Exploration Assets To Victoria Gold For $13.5 Million

Sabre Gold Mines (TSX: SGLD) is receiving a much needed cash infusion after the sale...

Friday, September 15, 2023, 08:47:34 AM

ATAC Resources: Victoria Gold Takes Public It’s Attempt To Acquire Firm

A battle appears to be brewing between junior exploration firm ATAC Resources (TSXV: ATC) and...

Tuesday, February 14, 2023, 08:40:46 AM

Heap Leach Failure at Eagle Gold Mine: No Injuries Reported, Investigations Ongoing

Victoria Gold Corp (TSX: VGCX) has confirmed that no injuries were associated with the failure...

Monday, June 24, 2024, 08:06:15 PM

Victoria Gold Announces Maiden Resource Of 1.1 Million Inferred Gold Ounces At Raven Deposit

Victoria Gold (TSX: VGCX) this morning announced a maiden resource estimate for a deposit discovered...

Thursday, September 15, 2022, 08:39:10 AM