Victoria Gold Corp. announced results of the final five of eleven diamond drill holes completed at its Olive target in September 2012. The most promising result from these holes was 26.50 m of 2.69 g/t. Additionally, the drilling intersected significant high grade intervals including 1.9 m of 5.62 g/t Au and 1.3 m of 39.2 g/t Au.

Drilling at Olive targeted along-strike and down-dip extensions of gold mineralization identified in previous drilling and trenching campaigns and sub-surface expressions of outcropping high-grade veins identified during reconnaissance surface sampling conducted in the summer of 2012. This news reports the results of the final five drill holes. Metallurgical work on the samples from the Olive target is ongoing.

It is anticipated that some of the mineralization may be amenable to heap leaching and may be accretive to the nearby proposed Eagle Gold Mine.