Lake Victoria Gold Launches Multi-Purpose Drill Program at Imwelo Area C to Support Mine Readiness
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce a 7,750 metre, multi-purpose drilling campaign at the Area C zone of its fully permitted Imwelo Gold Project in northwestern Tanzania. The program is designed to support short-term production readiness, resource conversion, and final pit design optimization, with completion targeted for Q3 2025. This campaign forms a key component of LVG's strategy to...
2025-06-25 6:00 AM EDT
Lake Victoria Gold Positioned to Benefit as Barrick Expands 2025 Drill Campaign
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to provide an update on exploration activities conducted during Q1 2025 by Bulyanhulu Gold Mine Limited ("Buly"), a joint venture between Barrick Mining Corporation ("Barrick") and the Government of Tanzania. These activities form part of the US$9 million exploration expenditure commitment made by Buly as part of the Asset Purchase Agreement ("APA") signed in December...
2025-06-12 6:00 AM EDT
Lake Victoria Gold Plans Strategic Resource Drilling Campaign at Ngula 1 to Support Processing JV
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce that will undertake a 3,000m reverse circulation (RC) drilling program within a recently granted mining licence (April 9, 2025) at Ngula 1, to delineate and evaluate a shallow resource. The goal is to establish sufficient resource to provide mineralized material to feed the recently announced (May 1, 2025) opportunity to process near-surface material...
2025-05-29 6:00 AM EDT
Lake Victoria Gold Engages Nesch Mintech for Commissioning Audit of Nyati Gold Processing Plant
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) ("LVG" or the "Company") is pleased to announce that it has formally engaged Nesch Mintech Tanzania Limited to conduct an independent commissioning audit and technical due diligence of the gold processing plant owned by Nyati Resources (T) Limited ("Nyati"). This work supports LVG's evaluation of a proposed joint venture with Nyati, focused on regional gold processing and development in Tanzania.This announcement follows LVG's...
2025-05-08 6:00 AM EDT
Lake Victoria Gold Announces Results of the Annual and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) ("Lake Victoria Gold" or the "Company") is pleased to report that at the Annual and Special Meeting of Shareholders of the Company (the "Meeting") held on May 7, 2025, the shareholders elected Marc Cernovitch, Simon Benstead, David Scott, Frank Högel, Seth Dickinson, Dean Comand and Richard Reynolds as directors of the Company. Shareholders also passed ordinary resolutions to appoint D&H Group...
2025-05-07 5:00 PM EDT
Lake Victoria Gold Ltd. Announces Signing of Letter of Intent for Proposed Small Scale Development at Tembo Project
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) ("Lake Victoria Gold" or the "Company") is pleased to announce that its wholly-owned subsidiary, Mineral Industry Promotion and Consulting Company Limited ("MIP"), has entered into a non-binding Letter of Intent ("LOI"), dated May 1, 2025, with Nyati Resources (T) Limited ("Nyati") to evaluate a potential small-scale gold development opportunity at the Company's Tembo Project in northern Tanzania.The proposed initiative builds on Lake...
2025-05-01 6:30 AM EDT
Lake Victoria Gold Evaluates Small-Scale Development Concept at Tembo Project
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) ("LVG", or the "Company") is pleased to provide an update on its wholly owned Tembo Project in northern Tanzania, where the Company is evaluating a small-scale mining and processing opportunity aimed at generating early cash flow to support its broader exploration strategy. The initiative involves assessing the potential to extract and process near-surface material using existing local infrastructure. The Company cautions that this initiative...
2025-04-24 6:30 AM EDT
Lake Victoria Gold Provides Update on Tembo Project Following Mining License Conversion
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) ("LVG", or the "Company") is pleased to announce an important milestone in the advancement of its Tembo Project, located in the Lake Victoria Goldfield of northern Tanzania, following the successful conversion of its Prospecting License into four Mining Licenses (MLs)This milestone marks a significant advancement in LVG's strategy to unlock the potential of Tembo, which has already benefited from over USD $28 million in...
2025-04-09 6:30 AM EDT
Lake Victoria Gold Welcomes Richard Reynolds to Its Board of Directors in Connection with Taifa Group Strategic Partnership
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) ("LVG", or the "Company") is pleased to announce the appointment of Richard Reynolds to its Board of Directors. Mr. Reynolds brings over three decades of experience in mining, infrastructure, logistics, and commercial development, with a strong track record of success across East Africa and the UAE.Mr. Reynolds' appointment marks an important step in strengthening LVG's strategic partnership with Taifa Group and Taifa Mining &...
2025-04-03 6:30 AM EDT
Lake Victoria Gold Update on Exploration of Licences Adjacent to the Tembo Project Acquired by Barrick
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2025) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to provide an update on the Q3 and Q4 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited ("Buly"), a partnership between Barrick Gold Corporation ("Barrick") and the Government of Tanzania, on the licenses LVG sold to Buly in 2022 ("the Project").Buly continues to advance exploration at the Project, targeting extensions of Bulyanhulu-style mineralization. A combination of aircore drilling (AC),...
2025-03-12 6:30 AM EDT
Lake Victoria Gold Announces the Completion of Its Acquisition of the Imwelo Mining License and $3,520,000 Concurrent Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of mining licence ML 538/2015 comprising the Imwelo gold project located in Tanzania (the "Imwelo Project") through the Company's wholly-owned subsidiary Tembo Gold Tanzania Limited (the "Purchaser"), as initially announced in the Company's press release dated August 10, 2023. Pursuant to the terms of the licence purchase agreement dated...
2025-02-28 1:20 PM EST
Lake Victoria Gold Signs Term Sheet for up to 7,000 Ounces Gold Pre-Pay Forward Purchase Facility
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG" or the "Company") is pleased to announce that on November 30th 2024 a non-binding term sheet was signed with Monetary Metals & Co. ("MM" or "Buyer") for a pre-paid forward arrangement (the "PPF"). The PPF includes a forward purchase of 7,000 ounces of gold to support the start-up and ongoing development of the Imwelo Mine in Tanzania. Additionally, MM will be entitled to an...
2024-12-03 6:30 AM EST
Lake Victoria Gold Announces Completion of 10-Year Renewal and Transfer of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) ("LVG" or the "Company") is pleased to announce that the Tanzanian Mining Commission has officially completed the 10-year renewal and authorization to transfer the Imwelo Mining License ("ML") to LVG, indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited. This significant milestone secures LVG's long-term rights to the Imwelo Project and provides a solid foundation for the Company's growth and development strategy within...
2024-11-07 6:30 AM EST
Lake Victoria Gold Update on Exploration of Licences Adjacent to the Tembo Project Acquired by Barrick
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to provide an update on the Q1 and Q2 2024 exploration activities conducted by Bulyanhulu Gold Mine Limited ("Buly"), a partnership between Barrick Gold Corporation ("Barrick") and the Government of Tanzania, on the licenses LVG sold to Buly in 2022.Q1-Q2 Exploration Highlights:Rainy Season Impacts: The first quarter was significantly hampered by an exceptionally wet season, delaying field operations. Despite this,...
2024-09-10 7:00 AM EDT
Lake Victoria Gold Announces Submission of Final Documentation for 10-Year Renewal and Transfer of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to announce that all required documentation has been successfully submitted to the Tanzanian Mining Commission for both the 10-year renewal of the Imwelo Mining License ("ML") and the transfer of the mining license to LVG.This submission includes updated Mining, Environmental, and Closure Plans, along with the necessary commitments to commence development within 90 days and the payment of the license...
2024-09-04 7:00 AM EDT
Lake Victoria Gold Announces Second Tranche Closing and Increase in Size of Its Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has closed the second tranche of its non-brokered private placement announced on July 15, 2024 (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") for gross proceeds to the Company of $187,000. The Company closed an initial tranche of the Private Placement on July 26, 2024 for gross proceeds of $563,000.The Company also...
2024-08-08 2:29 PM EDT
Lake Victoria Gold Announces 10-Year Renewal of Imwelo Mining License
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that Tanzoz Minerals Ltd.'s ("TML") application to the Tanzanian Mining Commission for a 10-year renewal of the Imwelo Mining License ("ML") has been accepted subject to certain conditions. TML is required to submit updated Mining, Environmental, and Closure Plans, commit to commence development within 90 days, as well as pay the license renewal fee within 30...
2024-08-07 7:00 AM EDT
Lake Victoria Gold Announces First Tranche Closing of Its Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on July 15, 2024 (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") for gross proceeds to the Company of $563,000. The Company intends to close a subsequent tranche of the Private Placement to raise aggregate gross proceeds, together with the first...
2024-07-26 7:00 AM EDT
Lake Victoria Gold Announces Receipt of Tax Clearance Certificate for Imwelo Project Acquisition
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") - is pleased to announce that it has received the Tax Clearance Certificate from the Tanzanian Revenue Authority ("TRA") for the acquisition of the Imwelo Mining License ("ML"). This significant milestone marks the final requirement for the transfer of the Imwelo Mining License to LVG by the Tanzanian Mining Commission.Key Milestone AchievedMarc Cernovitch, CEO & Director, commented: "We are thrilled to...
2024-07-18 7:00 AM EDT
Lake Victoria Gold Announces Non-Brokered Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Lake Victoria Gold Ltd. (TSXV: LVG) ("LVG", or the "Company") – is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of unsecured convertible debentures (each, a "Debenture") to raise gross proceeds to the Company of up to $750,000. Each Debenture will bear interest at 12% per annum payable quarterly, which interest, may at the option of the Company be settled in cash or in...
2024-07-15 1:46 PM EDT