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Lake Victoria Gold Ltd LVGLF


Primary Symbol: V.LVG

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

Comment by Volcaniceventon Nov 01, 2021 11:32am
143 Views
Post# 34073236

RE:RE:RE:RE:RE:Something major happening

RE:RE:RE:RE:RE:Something major happening
Tembo is a great play. They have excellent ground next door to an elephant and with the positive results from their drilling several years ago, they are well positioned for growth in SP.  If not a buy out directly by thier neighbour, a JV with deep pockets to move it to the next stage of exploration.  There is talk of doing small mining to fund future exploration however, it may not make it to that step.  Barrack will be watching and will want to get in early and cheap once good results start to show up. I suspect that with the data Tembo currently has, that they will target some outstanding extensions of thier previous high grade results.  Definitely good times ahead for this junior.
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