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Lake Victoria Gold Announces Q3-2025 Exploration Update from Barrick on Tembo Area Licenses
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Lake Victoria Gold Ltd. (TSX...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Announces Q3-2025 Exploration Update from Barrick on Tembo Area LicensesVancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (\"LVG\" or the \"Company\") is pleased to provide an update on the Q3 2025 exploration activities conducted on the licenses (\"the Project\") LVG sold to Bulyanhulu Gold Mine Limited (\"Buly\" or \"Bulyanhulu\"). Buly acquired six licences from LVG under an Asset Purchase Agreement signed in December 2021. Buly is a joint venture between Barrick Mining Corporation (\"Barrick\") and the Government of Tanzania.During the quarter, Bulyanhulu advanced the exploration program through a number of activities designed to refine geological and structural models and to evaluate the potential for discovering another Bulyanhulu-style mineralized system within the Tembo Inlier portfolio.Q3 2025 HighlightsCompletion of GAIP Geophysical SurveyBulyanhulu completed 94 line-km of gradient array induced polarization (GAIP) surveying.Results are being incorporated into updated structural and stratigraphic interpretations.Aircore (AC) Drilling InitiatedA geochemical AC drilling program commenced late in the quarter at the Enze target.To date, 2 fences of 19 holes totaling 419m have been completed out of a planned 945-hole, 30,750m, 18-fence program.Early logging indicates a 15m regolith profile over basalt and felsic tuff sequences, including quartz-veined and moderately foliated argillite intercalations that host smokey-grey quartz veins and boxworks, presumably after sulphide.Diamond and RC Drilling PlanningPlanning advanced for diamond drill and RC drilling along the Itetemia trend.Five diamond fences and four RC drilling fences are aimed at refining the stratigraphic understanding.Drilling will focus on identifying and testing potential repetitions of the Reef 1 and Reef 2 horizons, targeting paleosurfaces and stratigraphic fold repetitions.The drill program is planned to be completed in Q4 2025.Project-to-Date ExpendituresAs of September 30, 2025, cumulative project spending totals US$6,659,397 out of a proposed US$9,000,000 under the APA.Figure 1. Plan view showing work programs conducted and planned in Q3To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2214/275671_d658a994f4d7c8...