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Victoria Gold Heap Leach Failure – Can it Survive?

Victoria Gold (TSX: VGCX)

On the 24th June Victoria Gold reported a Heap leach pad “incident”, and operations were “temporaily suspended”, which sounded fairly innocuouos at the time.

What they failed  to say was that around two million tons of a four million ton leachpad had slipped off the top of the mountain and collapsed down the side!

I seriously doubt the company can survive this catastrophe, and I predict it will cease to exist.

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