Lake Victoria Gold Ltd. reports company news centered on gold project development in Tanzania's Lake Victoria Goldfield. Recurring updates cover the Imwelo Gold Project and Tembo Project, including drilling results, geotechnical testing, metallurgical recovery work, pit optimization, mine planning, permitting status, and Tanzania mining regulatory matters.
Company announcements also describe material agreements, capital-structure matters, governance disclosures, strategic investor participation, and project-funding themes tied to advancing exploration and development-stage gold assets.
Lake Victoria Gold (OTCQB: LVGLF) completed its Imwelo Area C drill program and received assays, confirming down-dip continuity and new lateral mineralized extensions beyond the current pit design.
Key outcomes include depth continuity to >250m, average vertical intersections ~120m, multiple high-grade intercepts, and work advancing final pit optimization, geotechnical de-risking and metallurgical testing to support near-term production readiness.
Lake Victoria Gold (OTCQB: LVGLF) completed field data collection for geotechnical studies and specific gravity measurements at the Imwelo Project Area C on January 26, 2026, advancing final open-pit design work.
Two dedicated geotechnical holes (IMWDR016 to 150m and IMWDR019 to 163m) were completed, geotechnical logging finished, and samples submitted for rock strength laboratory testing. Approximately 200 core samples were measured for specific gravity across laterite, saprolite, saprock and fresh rock, and core from 21 resource infill holes was captured for geotechnical interpretation. Results are being used to refine pit-shell optimization and support updated resource and mine-planning work, with engineering ongoing and final pit designs in progress.
Lake Victoria Gold (OTCQB: LVGLF) reported high‑grade artisanal grab samples at its 100%‑owned Tembo Project in Tanzania, with assays up to 35.45 g/t Au. Eight artisanal sites were sampled; notable results include Ngula 1 (up to 35.45 g/t), Ngula 2 (35.21 g/t), Mgusu (5.90 g/t), Nyangomango (7.86–8.50 g/t) and Nyakagwe East (22.68 g/t).
The company identified three priority drill targets and plans a close‑spaced drill program at Ngula 1 targeting a 300–400 m strike in Q1 2026. LVG is in advanced talks to finalize a binding toll‑processing agreement in early 2026 to utilize an existing 500 tpd CIP plant on the licence, subject to confirmatory drilling, permitting and a definitive agreement.
Lake Victoria Gold (OTCQB: LVGLF) reported assay results from nine additional holes in its 4,000-metre Imwelo drill program in northern Tanzania, confirming down-dip continuity of the primary zone and lateral extensions east and west of the current Area C pit design.
Key technical points: mineralization demonstrated to >250 m vertical depth versus historical ~200 m; current holes average ~120 m depth (vs historical ~50 m); notable assays include 8.55 g/t Au over 1.30 m and 11.19 g/t Au over 0.90 m. Sixteen of 24 holes are complete and further assays are pending.
Lake Victoria Gold (OTCQB: LVGLF) reported first assay results from five holes of a planned 4,000 m drill program at the Imwelo gold project, northern Tanzania. Highlights include continuity of the main lodes to >250 m vertical depth, additional hanging-wall and footwall mineralization, and intercepts comparable in grade and width to the modelled resource. Assays were returned from MSA Geita using Chrysos PhotonAssay and passed QA/QC. Five of twenty-four holes are complete; further assays are pending as drilling continues to support final pit design, resource conversion, and potential underground optionality.
Lake Victoria Gold (OTCQB: LVGLF) provided a Q3-2025 update on exploration conducted by Bulyanhulu (Barrick/Government of Tanzania) on six licences sold under the 2021 Asset Purchase Agreement.
Key points: 94 line-km of GAIP completed; aircore drilling started at Enze with 2 fences (19 holes, 419m) of a planned 945 holes, 30,750m program; diamond and RC drilling planned and targeted for completion in Q4 2025. Project spending to Sept 30, 2025 totals US$6,659,397 of a proposed US$9,000,000 under the APA. LVG may receive up to US$45 million in contingent payments if future discovery/resource thresholds are met. LVG engaged Atrium Research for research services at $3,500/month for 9 months starting Nov 24, 2025 (subject to TSXV approval).
Lake Victoria Gold (OTCQB: LVGLF / TSXV: LVG) mobilized a second multipurpose drill rig to accelerate a planned 24-hole, 4,000-metre program at the fully permitted Imwelo Gold Project in northwestern Tanzania. The first three holes are complete; the first two have been submitted for assay with results expected next week. The additional rig aims to allow completion of the current program by the second week of December 2025.
Program objectives include final pit design and geotechnical data, resource conversion and infill, testing down-dip extensions at ~100 m and ~200 m vertical depths, grade-control planning, and metallurgical core collection for recovery testing. A Qualified Person reviewed the technical information.
Lake Victoria Gold (OTCQB: LVGLF) provided a Q2 2025 update on exploration conducted by Bulyanhulu Gold Mine (owned by Twiga/Barrick) on six licences sold to Buly in 2022. Q2 work included 12 reverse-circulation holes totaling 1,380 metres testing the granite–greenstone contact and planning aircore and RC programs to follow up geochemical anomalies.
Drilling intersected mafic metavolcanics, quartz porphyry dykes, silica‑sericite alteration, localized pyrite and quartz veining; rock chips from artisanal workings show potentially mineralized structures. Under the 2022 asset sale, LVG may receive up to US $45 million in contingent payments tied to future discoveries or resource thresholds. Barrick will prioritize Q3 2025 follow-up targets.
Lake Victoria Gold (TSXV: LVG) will present a live virtual corporate update hosted by Red Cloud Financial Services on October 22, 2025 at 2:00 PM ET. The presentation includes a live moderated Q&A and a replay will be emailed to registrants and posted on the Red Cloud website.
The company says it is focused on growth and consolidation in the Lake Victoria Goldfield in Tanzania and will cover commodities to be discussed: gold. Registration and event details are available via the Red Cloud event page.
Lake Victoria Gold (OTCQB: LVGLF / TSXV: LVG) has started a 4,000-metre multi-purpose drilling program at the fully permitted Imwelo Gold Project in northwestern Tanzania, with the first hole (IMWRD_005) targeting ~120 m vertical depth and a planned final depth of ~230 m.
The program combines RC pre-collars with diamond tails to collect oriented geotech core, confirm metallurgy across oxide/transition/fresh domains, infill near-surface gaps to convert resources, test ~100 m and ~200 m down-dip extensions, and step-out west across a dyke-fault to potentially expand the pit.
The company cautions no NI 43-101 feasibility study exists, noting increased uncertainty and risks including grade, recoveries, geotech, costs, funding, and permits.