Lake Victoria Gold drills 2.75 metres of 28.71 g/t gold at Imwelo Project, Tanzania
Original announcement by resourceworld on
- Company
- Lake Victoria Gold Ltd.
- Ticker
- LVG
- Exchange
- Unavailable
- Region
- Tanzania
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Metallurgy
- Extracted
- 2026-08-28 16:18:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lake Victoria Gold reported high-grade gold drill results at the Imwelo Project in Tanzania, including an intercept of 28.71 g/t Au over 2.75 metres. The company is also conducting metallurgical test work on weathered ore to optimize the processing flowsheet for the planned Area C open pit.
Reasoning: Strong high-grade gold intercepts at shallow depths in the planned open-pit area, coupled with proactive metallurgical testing of weathered material.
Positive factors
- high-grade intercepts
- near-surface mineralization
- metallurgical program underway to de-risk clay content
Negative factors
- presence of clay in weathered zone requires additional processing
Facts used in scoring: 4
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Individual quartz-vein samples returned up to 142.90 g/t Au.
Evidence · text
“returned up to 142.90 g/t Au”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions independent metallurgical laboratory Nesch Mintech Tanzania Ltd.
Evidence · text
“submitted to independent metallurgical laboratory Nesch Mintech Tanzania Ltd.”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (4)
IMWDR029Imwelo Project · goldGrade: 28.71Grade Unit: g/tIntercept: 2.75 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Geometry
- Grade
- 28.71
- Grade Unit
- g/t
- Intercept
- 2.75 m
- From
- 21 m
- To
- 23.75 m
Classification
- Sample Type
- drill
- Group ID
- IMWDR029:21.0-23.75
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Exceptional high-grade intercept at very shallow depth (21m).
Positive factors
- high grade
- shallow depth
Evidence · text
“28.71 g/t gold over 2.75 metres from 21.00 metres in hole IMWDR029”
IMWDR029Imwelo Project · goldGrade: 59.77Grade Unit: g/tIntercept: 1.3 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Geometry
- Grade
- 59.77
- Grade Unit
- g/t
- Intercept
- 1.3 m
- From
- 21 m
- To
- 22.3 m
Classification
- Sample Type
- drill
- Group ID
- IMWDR029:21.0-23.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Strong high-grade sub-interval within the main intercept.
Positive factors
- high grade sub-interval
Evidence · text
“including 59.77 g/t Au over 1.30 metres from 21.00 metres”
IMWDR028Imwelo Project · goldGrade: 12.2Grade Unit: g/tIntercept: 4.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Geometry
- Grade
- 12.2
- Grade Unit
- g/t
- Intercept
- 4.5 m
- From
- 32 m
- To
- 36.5 m
Classification
- Sample Type
- drill
- Group ID
- IMWDR028:32.0-36.5
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Solid high-grade intercept at shallow depth.
Positive factors
- strong grade
- shallow depth
Evidence · text
“12.20 g/t Au over 4.50 metres from 32.00 metres in hole IMWDR028”
IMWDR028Imwelo Project · goldGrade: 27.94Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Geometry
- Grade
- 27.94
- Grade Unit
- g/t
- Intercept
- 1.9 m
- From
- 33 m
- To
- 34.9 m
Classification
- Sample Type
- drill
- Group ID
- IMWDR028:32.0-36.5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: High-grade sub-interval within the main intercept.
Positive factors
- high grade sub-interval
Evidence · text
“including 27.94 g/t Au over 1.90 metres from 33.00 metres”
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.