Lake Victoria Gold Ltd. is pleased to announce that will undertake a 3,000m reverse circulation drilling program within a recently granted mining licence at Ngula 1, to delineate and evaluate a shallow resource. The goal is to establish sufficient resource to provide mineralized material to feed the recently announced opportunity to process near-surface material in a third party processing facility located within 3.5km of [...]
Lake Victoria Gold Ltd. is pleased to announce that it has formally engaged Nesch Mintech Tanzania Limited to conduct an independent commissioning audit and technical due diligence of the gold processing plant owned by Nyati Resources Limited . This work supports LVG's evaluation of a proposed joint venture with Nyati, focused on regional gold processing and development in Tanzania. This announcement follows LVG's recent [...]
Lake Victoria Gold Ltd. is pleased to report that at the Annual and Special Meeting of Shareholders of the Company held on May 7, 2025, the shareholders elected Marc Cernovitch, Simon Benstead, David Scott, Frank Högel, Seth Dickinson, Dean Comand and Richard Reynolds as directors of the Company. Shareholders also passed ordinary resolutions to appoint D&H Group LLP, Chartered Professional Accountants, as auditor of the [...]
Lake Victoria Gold Ltd. is pleased to announce that its wholly-owned subsidiary, Mineral Industry Promotion and Consulting Company Limited , has entered into a non-binding Letter of Intent , dated May 1, 2025, with Nyati Resources Limited to evaluate a potential small-scale gold development opportunity at the Company's Tembo Project in northern Tanzania. The proposed initiative builds on Lake Victoria Gold's strategy to [...]
Lake Victoria Gold is pleased to provide an update on its wholly owned Tembo Project in northern Tanzania, where the Company is evaluating a small-scale mining and processing opportunity aimed at generating early cash flow to support its broader exploration strategy. The initiative involves assessing the potential to extract and process near-surface material using existing local infrastructure. The Company cautions that [...]
Lake Victoria Gold is pleased to announce an important milestone in the advancement of its Tembo Project, located in the Lake Victoria Goldfield of northern Tanzania, following the successful conversion of its Prospecting License into four Mining Licenses This milestone marks a significant advancement in LVG's strategy to unlock the potential of Tembo, which has already benefited from over USD $28 million in exploration [...]
Lake Victoria Gold is pleased to announce the appointment of Richard Reynolds to its Board of Directors. Mr. Reynolds brings over three decades of experience in mining, infrastructure, logistics, and commercial development, with a strong track record of success across East Africa and the UAE. Mr. Reynolds' appointment marks an important step in strengthening LVG's strategic partnership with Taifa Group and Taifa Mining [...]
Lake Victoria Gold is pleased to provide an update on the Q3 and Q4 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited , a partnership between Barrick Gold Corp. and the Government of Tanzania, on the licenses LVG sold to Buly in 2022 . Buly continues to advance exploration at the Project, targeting extensions of Bulyanhulu-style mineralization. A combination of aircore drilling , geochemical screening [...]
Lake Victoria Gold Ltd. is pleased to announce that it has completed the acquisition of mining licence ML 538/2015 comprising the Imwelo gold project located in Tanzania through the Company's wholly-owned subsidiary Tembo Gold Tanzania Limited , as initially announced in the Company's press release dated August 10, 2023. Pursuant to the terms of the licence purchase agreement dated August 9, 2023, as amended, among the [...]
Lake Victoria Gold Ltd. is pleased to announce that on November 30th 2024 a non-binding term sheet was signed with Monetary Metals & Co. for a pre-paid forward arrangement . The PPF includes a forward purchase of 7,000 ounces of gold to support the start-up and ongoing development of the Imwelo Mine in Tanzania. Additionally, MM will be entitled to an offtake of 100% of LVG's authorized export production, up to 100,000 [...]
Lake Victoria Gold Ltd. is pleased to announce that the Tanzanian Mining Commission has officially completed the 10-year renewal and authorization to transfer the Imwelo Mining License to LVG, indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited. This significant milestone secures LVG's long-term rights to the Imwelo Project and provides a solid foundation for the Company's growth and development [...]
Lake Victoria Gold is pleased to provide an update on the Q1 and Q2 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited , a partnership between Barrick Gold Corp. and the Government of Tanzania, on the licenses LVG sold to Buly in 2022. Q1-Q2 Exploration Highlights: Rainy Season Impacts: The first quarter was significantly hampered by an exceptionally wet season, delaying field operations. Despite this [...]
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