Lake Victoria Gold drills 2.75 metres of 28.71 g/t gold at Imwelo Project, Tanzania
Resource WorldAug 27, 2026 · 9 days ago
Drill Intercepts ⛏
7/1028.71 g/t · 2.75m
Analyst Takeaways
- The 28.71 g/t gold intercept significantly exceeds high-grade thresholds (>5 g/t), suggesting economically attractive mineralization at the Imwelo Project.
- Near-surface positioning of this high-grade intercept could reduce mining costs and accelerate potential development timelines.
- The 2.75-metre intersection width is material for underground or underground-transition mining scenarios, improving project economics.
- Lake Victoria Gold's focus on Tanzania adds geographic diversification for investors seeking exposure to emerging African gold producers.
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Lake Victoria Gold Ltd. [TSXV: LVG; OTCQB: LVGLF; FSE: E1K] released high-grade, near-surface assay results...
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