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Bullboard - Stock Discussion Forum 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... see more

TSXV:LVG - Post Discussion

Lake Victoria Gold Ltd > Barrick Buying In
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Post by RayWinnipeg1 on Dec 08, 2021 8:59pm

Barrick Buying In

You,re exactly right Goldtrader, Barrick buying in was the best thing that could have happened to Tembo.  Then they're buying our second tier areas of the property and we're on commission from their findings- hows that for a deal.  So, next step is great drilling results from our present drill program underway and off we go.  Once this deal goes through we'll be fully funded and off to the races to plot out this gem of a property and Barrick will buy us out in our entirety.
Comment by Volcanicevent on Dec 09, 2021 8:47am
This is exactly what most juniors need to give them the "big stage exposure".  Not only is this money in the bank, future long term royalties [10 years +] but it is more importantly, the voice of a gold giant indicating thier very high confidence in this overall property holdings by Tembo.  This deal will be read over by many analysts because of the player and Tembo will be all ...more  
Comment by wolftrader on Dec 14, 2021 1:04pm
I like the deal and am very surprised that the market does not react. 
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