Lake Victoria Gold Intersects 28.71 g/t Au over 2.75 m and 12.20 g/t Au over 4.50 m in Shallow Area C Drilling at Imwelo
Original announcement by orestocks on
- Company
- Lake Victoria Gold Ltd.
- Ticker
- LVG.V
- Exchange
- Unavailable
- Region
- Tanzania
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Metallurgy
- Extracted
- 2026-08-27 07:18:25 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lake Victoria Gold reported high-grade gold intercepts at the Imwelo Gold Project in Tanzania, including 28.71 g/t Au over 2.75 m in hole IMWDR029. The company is also conducting a targeted metallurgical program on weathered ore to address clay-handling and process design for the planned Area C open-pit mine.
Reasoning: Strong high-grade gold intercepts in the planned initial open-pit area (Area C) combined with proactive metallurgical testing of weathered ore to de-risk the flowsheet.
Positive factors
- high-grade near-surface intercepts
- bonanza-grade quartz-vein samples
- metallurgical program addressing key clay-handling risks
- QA/QC disclosed
Negative factors
- true width not yet determined
- clay-rich weathered ore presents processing complexity
Facts used in scoring: 7
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions internal QA/QC protocols including blanks, CRMs, and duplicates, and notes Nesch Mintech lab results passed QA/QC.
Evidence · text
“Internal - every 20th sample is a Blank Sample, CRM & Duplicate sample. Nesch Mintech Lab results all passed QAQC.”
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”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states that true widths have not yet been determined.
Evidence · text
“True Width have not yet been determined”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
IMWDR029Imwelo Gold Project · goldGrade: 28.71Grade Unit: g/tIntercept: 2.75 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Strong high-grade intercept in the planned initial mining area.
Positive factors
- high grade
- near-surface
Evidence · text
“28.71 g/t gold ("Au") over 2.75 metres from 21.00 metres in hole IMWDR029”
IMWDR029Imwelo Gold Project · goldGrade: 59.77Grade Unit: g/tIntercept: 1.3 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
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: High-grade sub-interval within the main intercept.
Positive factors
- Bonanza Intercept
Evidence · text
“59.77 g/t Au over 1.30 m from 21.00 m”
IMWDR028Imwelo Gold Project · goldGrade: 12.2Grade Unit: g/tIntercept: 4.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
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
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Strong high-grade intercept in the planned initial mining area.
Positive factors
- high grade
Evidence · text
“12.20 g/t Au over 4.50 metres from 32.00 metres in hole IMWDR028”
IMWDR028Imwelo Gold Project · goldGrade: 27.94Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
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
Evidence · text
“27.94 g/t Au over 1.90 m from 33.00 m”
IMWDR024Imwelo Gold Project · goldGrade: 0.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- IMWDR024
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
Geometry
- Grade
- 0.7
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 13 m
- To
- 14 m
Classification
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Marginal grade intercept.
Negative factors
- low grade
Evidence · table
“0.70”
Context: 1.00
IMWDR024Imwelo Gold Project · goldGrade: 0.38Grade Unit: g/tIntercept: 0.35 mView all detailsHide details
Identity
- Hole ID
- IMWDR024
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
Geometry
- Grade
- 0.38
- Grade Unit
- g/t
- Intercept
- 0.35 m
- From
- 15.2 m
- To
- 15.55 m
Classification
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Marginal grade intercept.
Negative factors
- low grade
Evidence · table
“0.38”
Context: 0.35
IMWDR031Imwelo Gold Project · goldGrade: 0.96Grade Unit: g/tIntercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR031
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG.V
Geometry
- Grade
- 0.96
- Grade Unit
- g/t
- Intercept
- 2.5 m
- From
- 21.9 m
- To
- 24.4 m
Classification
- Sample Type
- drill
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Marginal grade intercept.
Negative factors
- low grade
Evidence · table
“0.96”
Context: 2.50
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.