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Lake Victoria Gold Accelerates Drilling at Imwelo Area C with Second Rig Mobilization
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Lake Victoria Gold Ltd. (...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Accelerates Drilling at Imwelo Area C with Second Rig MobilizationVancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (\"LVG\" or the \"Company\") is pleased to announce the mobilization of a second multipurpose drill rig to fast-track drilling at the Company's fully permitted Imwelo Gold Project in northwestern Tanzania.Following the successful completion of the first three drill holes of the planned twenty-four-hole, 4,000-metre program at the Area C zone, the first two holes have been submitted for assay, with results expected next week. The second multipurpose rig is now being mobilized and will commence drilling in the coming days.The additional rig will accelerate progress and enable LVG to complete the current program by the second week of December 2025.Program ObjectivesAs outlined in the Company's previous release, the Area C drill program is designed to:Final pit design & geotechnical: Collect oriented core and rock-mass data to refine slope angles, wall-support requirements, and ramp geometry; complete in-pit geotechnical domains for final pit shells.Resource confidence & conversion: Infill shallow gaps to improve confidence in near-surface mineralization and, where supported by results, upgrade Inferred to Indicated categories and increase the Measured inventory in areas of sparse coverage.Resource growth: Test down-dip extensions at approximately 100 m and 200 m vertical depths and step-outs along strike to the west beyond current pit limits.Grade-control readiness: Generate data to plan close-spaced, shallow grade-control drilling to support early mining and ROM stockpile development.Metallurgy: Collect representative core for confirmatory test work across oxide-transition-fresh domains to validate recoveries and inform early mine sequencing.Marc Cernovitch, President & CEO of Lake Victoria Gold, commented: \"Momentum continues to build at Imwelo. We've completed three holes with assays pending on the first two, and with a second rig now on site, we're moving quickly to deliver continuous results through November and December as we refine the final pit design and advance toward production readiness.\"\"Drilling at Area C is progressing well, and we're very encouraged by what we're seeing in the core to date,\...