# 97% Recovery. Fully Permitted. 12 Kilometers From a 20-Million-Ounce Deposit. And Nobody's Talking About It. Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e Original source: https://money.tmx.com/en/quote/ABX/news/8186611230383733/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no Publisher: tmx Original announcement: 2026-03-19T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lake Victoria Gold Ltd. - Ticker: LVG - Exchange: TSX - Region: Tanzania - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Drill results, Permitting - Extracted: 2026-08-24 06:24:42 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lake Victoria Gold reports metallurgical testwork confirming approximately 97% gold recovery using a conventional gravity and CIL flowsheet at the Imwelo Gold Project. The project is fully permitted and located in Tanzania near major operations, with recent drill results confirming mineralization extension at Area C. Reasoning: The announcement reports high-confidence metallurgical recovery results and drill highlights for a fully permitted project in a prolific district, though it is a paid advertisement. - Positive factor: High metallurgical recovery \(97%\) - Positive factor: Fully permitted project - Positive factor: Proximity to major Tier 1 assets \(Geita, Bulyanhulu\) - Positive factor: Free-milling ore characteristics - Positive factor: Strategic backing from Barrick and local partners - Negative factor: Paid advertisement/sponsored content - Negative factor: Technical studies \(PEA/PFS\) are JORC-compliant but not current under NI 43-101 - Negative factor: No feasibility study completed to establish reserves Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Technical information has been reviewed and approved by a Qualified Person \(David Scott, Pr. Sci. Nat.\) Evidence · text > Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Metallurgical testwork confirmed the gold is free-milling. Evidence · text > metallurgical testwork announced this month confirmed what the geology always suggested: Imwelo's gold is free-milling. ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Metallurgical Results (5) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e#fact-metallurgical-facts-0) gold #### Identity - Commodity: gold - Ticker: LVG #### Test Work - Processing Route: conventional gravity and carbon-in-leach flowsheet - Sample: Imwelo Gold Project total recovery #### Recovery - Recovery: 97 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 97% recovery is exceptional for a conventional flowsheet. - Positive factor: Exceptional recovery rate Evidence · text > total recovery reaches approximately 97% using a conventional gravity and carbon-in-leach flowsheet ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e#fact-metallurgical-facts-1) gold #### Identity - Commodity: gold - Ticker: LVG #### Test Work - Sample: Imwelo Gold Project cyanide-leachable fraction #### Recovery - Recovery: 84 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 84% direct cyanide leachability is a strong indicator of free-milling ore. - Positive factor: High direct leachability Evidence · text > Approximately 84% is directly cyanide-leachable ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e#fact-metallurgical-facts-2) gold #### Identity - Commodity: gold - Ticker: LVG #### Test Work - Sample: Imwelo Gold Project gravity recovery #### Recovery - Recovery: 44.5 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: Gravity recovery is reported as a range \(42-47%\), averaged here. - Positive factor: Significant gravity component Evidence · text > Gravity recovery runs between 42% and 47% ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e#fact-metallurgical-facts-3) gold #### Identity - Commodity: gold - Ticker: LVG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 11.88 g/t is a strong grade, though the interval is narrow. - Positive factor: High grade intercept - Negative factor: Narrow interval Evidence · text > highlights including 11.88 g/t gold over 1.33 meters ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--22065bd9-97bc-4e23-ab9c-ee29944f1d0e#fact-metallurgical-facts-4) gold #### Identity - Commodity: gold - Ticker: LVG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 9.31 g/t is a significant grade for the project. - Positive factor: Strong grade intercept Evidence · text > 9.31 g/t over 2.45 meters ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.