12:04 PM EDT, 07/30/2024 (MT Newswires) -- Victoria Gold ( VITFF ) on Tuesday provided an update on the management of the heap-leach facility collapse that released cyanide in the area of its Eagle Gold mine in the Yukon on June 24.

Operations remain suspended and may not restart without authorization from the Yukon director of mineral resources. Investigations are underway to determine the cause of the collapse.

Victoria Gold ( VITFF ) said it conducts a job hazard analysis at the site and designates certain areas as restricted zones pending the outcome of more detailed geotechnical reviews. It has also conducted a site survey to help in the assessment of the integrity of the heap leach facility embankment. There has been no significant material movement on the heap leach facility since the incident, the company said.

Victoria is actively sampling water daily from multiple sample locations at the Eagle Mine, several of which are located downstream from the location of the incident. The majority of samples tested by the company downstream of the HLF have not detected any cyanide.

The company has detected minor amounts of weak acid dissociable (WAD) cyanide in 7 of 134 samples collected as of July 23 downstream of the HLF incident in Haggart Creek. These results range from concentrations of 5.2 to 9.3 parts per billion WAD cyanide.

The Company's downstream water quality objectives pursuant to its water use license for cyanide are 5 parts per billion WAD cyanide.

To further manage contact water at the Eagle Gold mine, Victoria Gold ( VITFF ) is completing additional lined water storage on site. The company has also augmented its water treatment capacity on site, including piping modifications, additional tankage and a new reverse osmosis plant.

The company continues to liaise with the government of Yukon, the First Nation of Nacho Nyak Dun, the village of Mayo, the Yukon Workers' Safety and Compensation Board and other regulatory authorities.

Victoria Gold ( VITFF ) shares were last seen up $0.01 to $0.60 on the Toronto Stock Exchange.

Price: 0.60, Change: +0.01, Percent Change: +1.69