Lake Victoria Gold Intersects 28.71 g/t Au over 2.75 m and 12.20 g/t Au over 4.50 m in Shallow Area C Drilling at Imwelo
Drill Intercepts ⛏
7/1028.71 g/t AU · 2.75m
7/1012.20 g/t AU · 4.50m
7/1028.71 g/t · 2.75m
Analyst Takeaways
- LVG has intersected high-grade gold mineralization (28.71 g/t Au and 12.20 g/t Au) in shallow, near-surface drilling at Area C of the Imwelo Project, which could support lower-cost extraction methods.
- The shallow depth of these intercepts (starting at 21.00 m and 32.00 m) suggests potential for open-pit or bulk-mining scenarios with reduced development capital requirements.
- The Imwelo Gold Project is fully permitted in Tanzania, reducing regulatory risk for advancement toward resource estimation and potential mine development.
- Multiple high-grade intercepts in the same drilling program indicate consistent mineralization quality across the tested area, supporting the quality of the resource definition work.
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Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay results from recent HQ diamond drilling at its fully permitted Imwelo Gold Project ("Imwelo" or the "Project") in Tanzania, including 28.71 g/t gold ("Au") over 2.75 metres from 21.00 metres in hole IMWDR029 and 12.20 g/t Au over 4.50 metres from 32.00 metres in hole IMWDR028. Individual...
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