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Lake Victoria Gold Announces Imwelo Area C Drilling Underway: 4,000 m to Finalize Pit Design & Grow Ounces
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Lake Victoria Gold Ltd. (TSXV: ...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Announces Imwelo Area C Drilling Underway: 4,000 m to Finalize Pit Design & Grow OuncesVancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (\"LVG\" or the \"Company\") is pleased to announce that drilling is underway on a 4,000-metre, multi-purpose program at the fully permitted Imwelo Gold Project in northwestern Tanzania. The first of approximately 24 planned holes has commenced at Area C, the location of the Company's planned initial open pit at Imwelo.The program integrates reverse-circulation (RC) pre-collars with diamond core (DD) tails to reduce cost and cycle time while capturing the geotechnical and geological data required for final pit design and mine scheduling.Program ObjectivesFinal 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 the 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 ~100 m and ~200 m vertical depths and step-outs along strike to the west beyond the 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, commented: \"Kicking off drilling at Area C is a tangible step toward first production at Imwelo. This program is designed to tighten our final pit design, convert ounces where appropriate, and set up grade-control so that once construction begins we can move quickly into pre-strip and stockpiling. With a low-capex build plan and a fully permitted project, each metre drilled reduces risk and advances Imwelo along the development path.\"Program Design & First HoleShallow infill: Eight holes will target gaps near the eastern and western pit margins and one central area, with intersections planned at approxima...