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The MRE for Raven, which is about 15 kilometres east of the company's Eagle gold mine, does not include results from the ongoing 2022 drill programme.
"In 2022, we have carried out Victoria's largest ever exploration programme, with 25,000 meters of drilling planned to expand Raven along strike and at depth," the company's president and CEO John McConnell said.
"Follow-up exploration was hampered by COVID, yet in three exploration seasons we have identified a significant Resource," he said.
Victoria says Raven represents a potentially high-grade, on-surface gold deposit, which hosts the second largest intrusive body in the company's 100%-owned Dublin Gulch property after the Eagle mine.
"The Nugget stock is highly prospective to host Eagle-style sheeted vein mineralisation, and the vast majority of the [greater than] five square km stock remains untested," the company said.
Victoria Gold has a share price of C$7.75 (US$4.85) and market capitalisation of C$499.55 million.
