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Lake Victoria Gold Extends Mineralization Below Pit Shell at Imwelo; First Results Confirm Continuity to >250 m Depth
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Lake Victoria Gold Ltd. (TSX...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Extends Mineralization Below Pit Shell at Imwelo; First Results Confirm Continuity to >250 m DepthVancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (\"LVG\" or the \"Company\") is pleased to report the first analytical results from the ongoing 4,000 m drill program at the fully permitted Imwelo Gold Project, located in the Lake Victoria goldfield of northern Tanzania. Assays for the first five holes confirm down-dip extensions of the primary mineralized zone beneath the current open-pit design and highlight additional hanging-wall and footwall potential.The program combines reverse-circulation (RC) pre-collars with diamond-core (DD) tails, reducing cost and cycle time while ensuring high-quality geological, geotechnical, and metallurgical data needed for final pit design and early mine planning.Highlights From First Five HolesConsistent grades and widths comparable to the modelled resource confirm continuity of the main mineralized lodes.Mineralization demonstrated to >250 m vertical depth, extending beyond the historical resource limit.Additional lodes intersected in the footwall and hanging wall, offering potential to expand future resource estimates.Initial results support both resource conversion and resource growth objectives of the Area C program.Similar grades to the drill holes that make up the resource, at similar widths, confirm the depth extension of the mineralisation. Encouraging intersections of additional mineralisation in the footwall and hanging wall of the primary modelled mineralisation achieved and geological continuity demonstrated to vertical depth of more than 250m below surface. The historical inferred mineral resource to a maximum depth of 200m below surface have been demonstrated to extend further down-dip thus far with the current assay results and will be demonstrated with the continued drilling on this program. These results strengthen confidence in the geological model and indicate meaningful potential to extend the open-pit shell and evaluate future underground optionality beyond the planned shallow open pit operation.Five from the planned twenty-four drill holes have been completed with assay results received from the MSA Laboratory in Geita. The results are summarised in the table 1 and...