Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lake Victoria Gold Ltd V.LVG

Alternate Symbol(s):  LVGLF

Lake Victoria Gold Ltd. is a gold exploration and development company. The Company is principally focused on the prospective Lake Victoria Goldfield in Tanzania. The Company has a 100% interest in the Tembo project which has over 50 thousand meters of drilling and is located adjacent to Barrick’s 20 Moz Bulyanhulu Mine. The Company has one remaining license of 32 square kilometers on the Tembo Project located in northwest Tanzania. Its Imwelo Gold Project is a gold project located in northern Tanzania immediately to the west of Geita Gold Mine of Anglogold Ashanti. The Imwelo Project is held under a Tanzanian mining license ML538/2015 (ML) and includes a primary mining license PML2637 (PML). The ML is approximately 3.85 square kilometers and the PML is 8.5021 hectares. Its Dora License is contiguous to the Imwelo Gold Project. The Dora License (PL11953/2022 of 19 square kilometers) borders the Imwelo Mining License to the west, east and south.


TSXV:LVG - Post by User

Bullboard Posts
Comment by Gaberlunzieon Mar 23, 2013 1:04pm
419 Views
Post# 21158361

RE: TEM ISSUES SINKING MORE

RE: TEM ISSUES SINKING MORE

I share your feeling of cynicism. The blurbs say development and exploration is in the hands of highly skilled and successful people with 25 years experience in Africa - very true and they are all citizens of Tanzania who have been mining on the property for at least twenty five years - some doing very nicely thank you or they would not still be there. Now the locals have found gold right outside their village so we drill a hole underneath - this hardly calls for technical insight. Over twenty years ago, drilling established that gold in the Bulyanhulu structure died several kms short of our shared boundary so extensions hardly constitute an exploration target of much merit. Our gold is in e-w veins but management seems intent on trying to bend them to match the Buly trend. We need site management which includes having the boss live on the property much of the time so he can meet the locals and learn whatever language they speak, buy them beer etc and walk around on the ground. Hauling hired hands in from South Africa to log the drill holes while pres lives 500 kms away does not strike me as the way to manage for success. It is time someone got dirty hands and sweaty feet on a regular basis.  

Bullboard Posts