The exploration programme was designed to follow up on encouraging results gleaned from the 2018 programme that first outlined the Raven target.
The company said assay results had extended surface mineralisation more than 200m to the east and 250m to the southeast from the Raven target discovery trench, which returned 124m grading 3.51 grams per tonne gold.
Most recent trench sample results included 7.91g/t over 12m and 1.12g/t over 60m.
Victoria CEO John McConnell said Raven mineralisation was along a large intrusive body, like the one hosting the Eagle mine mineralisation.
"The high-grade surface expression at Raven continues to produce strong results and has become a Tier 1 target for future exploration efforts. Given our extensive knowledge of the surface expression and the local geology we are excited to watch this target grow considerably in size," he said.
Follow up work will focus on areas to the south and southeast of Raven, for which about 3,500 soil sampling collected this year pending.
Victoria reported a substantial increase in the Eagle mine's reserves last week, prompting it to lift annual guidance by 10%.
The Eagle mine poured first gold in September, and Victoria is expected to declare commercial production in the June quarter next year.
Victoria shares (TSXV:VIT) closed C65c or 8% higher on Monday at $8.70, which gives it a market cap of $498 million. The equity is up about 53% in the past 12 months.
