Lake Victoria Gold Reports High-Grade Artisanal Sampling Results (Up to 35.45 g/t Au) and Advances Development Planning at Tembo
Original announcement by yahoo_press on
- Company
- Lake Victoria Gold Ltd.
- Ticker
- LVG
- Exchange
- TSXV
- Region
- Tanzania
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Other
- Extracted
- 2026-09-19 06:13:34 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lake Victoria Gold reported high-grade gold grab sampling results of up to 35.45 g/t Au from artisanal mining sites at the Tembo Project in Tanzania. The sampling highlights priority targets for future exploration and development planning.
Reasoning: High-grade gold (35.45 g/t) reported from artisanal grab sampling, which provides target guidance but lacks the structural or volumetric certainty of drill results.
Positive factors
- High-grade gold values reported from grab samples
- Identifies priority targets via artisanal activity
Negative factors
- Results are from grab sampling, not systematic drilling
- Low geological confidence in grab samples compared to drill intercepts
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 1
Classification and evidence
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company is using existing artisanal activity to identify priority targets at the Tembo Project.
Evidence · text
“presence of ongoing artisanal activity across the licence area has highlighted several priority targets”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Drill Results (1)
Fact 1goldGrade: 35.45Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Geometry
- Grade
- 35.45
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Tembo Project
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- low_confidence
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: 35.45 g/t Au is an exceptional grade for gold, though confidence is low due to the sampling method (grab sample).
Positive factors
- High grade value
Negative factors
- Surface grab sample only
Evidence · text
“grab samples returning high-grade gold values of up to 35.45 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.