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A world-class diamondiferous kimberlite at Mwadui and more than 200 other kimberlites, many of which are yet to be thoroughly evaluated.
The tailings are not the reason we began exploring in this area. We entered the area because of numerous small scale mining along an extended strike length and the high gold grades the artisanal miners were finding. These tailing assay results are after the miners have processed the tailings two and three times and are very indicative of what the potential average underground grade could be."
I like this part "test results from their recent joint exploratory drilling in Tanzania show evidence of SIGNIFICANT uranium deposits in the east African country."
Lake Victoria Mining Company Identifies Five Kilometer Long Gold Trend; Assay Results Average 7.1 Grams Per Metric Ton From Underground Sampling, Singida Project, Tanzania
Lake Victoria Mining Company Identifies Five Kilometer Long Gold Trend; Assay Results Average 7.1 Grams Per Metric Ton From Underground Sampling, Singida Project, Tanzania
GOLDEN, COLORADO -- (Marketwire) -- 08/06/09 -- Lake Victoria Mining Company, Inc. (OTCBB: LVCA) -
Underground shaft sampling of artisanal mines at the Singida "Gold Rush" project has produced an average grade of 7.1 grams of gold per metric ton; 175 underground samples were taken from 36 mine shafts and related mine workings. These initial results suggest that gold is present for a distance of five kilometers where the mine shafts are located.
A total of thirty-six mine shafts and related underground mine workings were sampled between June 13th and July 8th, 2009, within a 5 kilometer long trend, and in an area of active artisanal mining. Numerous artisanal mine shafts and workings have exposed steeply dipping, northwest-southeast trending gold bearing quartz veins that are accessible for mapping and sampling. Where sampled, the veins vary from about 30 centimeters to 2 meters thick.
A total of 175 vein and wall rock samples were collected; the maximum accessible sampling depth was 47 meters below surface. The samples were analyzed at laboratories in Mwanza, Tanzania, and quality control samples were analyzed along with the underground samples. The underground assays have an uncut average value of 7.1 grams per metric ton, or 0.23 ounces per ton. Dr. Roger Newell, president of Lake Victoria, stated, "These assay results are very encouraging and confirm the importance of the property. We look forward to further advancing the property with additional sampling and possible underground drilling." Further sampling, statistical analysis and geologic-geophysical mapping are underway in an attempt to closely define and extend the strike length of the quartz vein system. Additional results will be reported as they become available.
Geologically, the quartz veins lie within Precambrian mafic volcanic rocks that are part of a larger greenstone belt. The Company is conducting a detailed ground magnetic survey to assist in defining gold bearing geological structures and to further extend the vein structures. Initial indications are that the veins continue at depth below 47 meters and for distances beyond a 5 kilometer strike length. If additional exploration continues to prove successful, this area will develop into an important commercial gold mining district.
Summary Table: Underground Gold Assay Results, Singida District, Tanzania
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Shaft Sample Depth Au Sample
No. No. (m) (g/t) Description
-------------------------------------------------------------------------
SH001 LNSH001 4 0.58 10cm
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LNSH002 4 2.94 FW
-------------------------------------------------------------------------
LNSH003 4 0.12 HW
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SH002 LNSH004 4 0.04 30cm
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LNSH005 4 0.08 FW
-------------------------------------------------------------------------
LNSH006 4 0.05 HW
-------------------------------------------------------------------------
SH003 LNSH007 28 1.7 30cm
-------------------------------------------------------------------------
LNSH008 28 0.03 FW
-------------------------------------------------------------------------
LNSH009 28 7.62 HW
-------------------------------------------------------------------------
SH004 LNSH010 41 5.0 50cm
-------------------------------------------------------------------------
LNSH011 41 10.1 50cm
-------------------------------------------------------------------------
LNSH012 41 18.6 50cm
-------------------------------------------------------------------------
LNSH013 41 3.07 50cm
-------------------------------------------------------------------------
LNSH014 41 27.7 FW
-------------------------------------------------------------------------
LNSH015 41 0.91 HW
-------------------------------------------------------------------------
SH005 LNSH016 18 3.21 50cm
-------------------------------------------------------------------------
LNSH017 18 5.86 50cm
-------------------------------------------------------------------------
LNSH018 18 3.55 50cm
-------------------------------------------------------------------------
LNSH019 18 1.41 FW
-------------------------------------------------------------------------
LNSH021 18 21.0 HW
-------------------------------------------------------------------------
SH006 LNSH022 40.7 1.91 25cm
-------------------------------------------------------------------------
LNSH023 40.7 1.76 25cm
-------------------------------------------------------------------------
LNSH024 40.7 0.38 FW
-------------------------------------------------------------------------
LNSH025 40.7 2.6 HW
-------------------------------------------------------------------------
SH007 LNSH026 44 2.48 30cm
-------------------------------------------------------------------------
LNSH027 44 2.94 Duplicate of LNSH026
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LNSH028 44 0.52 FW
-------------------------------------------------------------------------
LNSH029 44 15.9 HW
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SH008 LNSH030 30 9.68 25cm
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LNSH031 30 8.71 25cm
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LNSH032 30 9.54 25cm
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LNSH033 30 12.4 25cm
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LNSH034 30 1.61 FW
-------------------------------------------------------------------------
LNSH035 30 2.69 HW
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SH009 LNSH036 33 3.29 30cm
-------------------------------------------------------------------------
LNSH037 33 2.84 Duplicate of LNSH036
-------------------------------------------------------------------------
LNSH038 33 3.16 FW
-------------------------------------------------------------------------
LNSH039 33 0.16 HW
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SH010 LNSH041 3 1.68 30cm
-------------------------------------------------------------------------
LNSH042 3 1.38 Duplicate of LNSH041
-------------------------------------------------------------------------
LNSH043 3 0.47 FW
-------------------------------------------------------------------------
LNSH044 3 1.3 HW
-------------------------------------------------------------------------
SH011 LNSH045 8 0.41 30cm
-------------------------------------------------------------------------
LNSH046 8 0.21 Duplicate of LNSH045
-------------------------------------------------------------------------
LNSH047 8 0.47 FW
-------------------------------------------------------------------------
LNSH048 8 0.05 HW
-------------------------------------------------------------------------
SH012 LNSH049 3 3.37 20cm
-------------------------------------------------------------------------
LNSH050 3 1.36 Duplicate of LNSH049
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LNSH051 3 0.03 FW
-------------------------------------------------------------------------
LNSH052 3 0.02 HW
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SH013 LNSH053 3 3.90 20cm
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LNSH054 3 1.16 Duplicate of LNSH053
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LNSH055 3 0.08 FW
-------------------------------------------------------------------------
LNSH056 3 1.04 HW
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SH014 LNSH057 10 1.65 30cm
-------------------------------------------------------------------------
LNSH058 10 0.93 30cm
-------------------------------------------------------------------------
LNSH059 10 0.38 CH
-------------------------------------------------------------------------
LNSH061 10 1.65 FW
-------------------------------------------------------------------------
LNSH062 10 0.11 HW
-------------------------------------------------------------------------
SH015 LNSH063 18 140.0 30cm
-------------------------------------------------------------------------
LNSH064 18 21.8 30cm
-------------------------------------------------------------------------
LNSH065 18 82.8 CH
-------------------------------------------------------------------------
LNSH066 18 0.15 FW
-------------------------------------------------------------------------
LNSH067 18 0.50 HW
-------------------------------------------------------------------------
SH016 LNSH068 2 4.11 20cm
-------------------------------------------------------------------------
LNSH069 2 1.67 Duplicate of LNSH068
-------------------------------------------------------------------------
LNSH070 2 3.41 CH
-------------------------------------------------------------------------
LNSH071 2 0.33 FW
-------------------------------------------------------------------------
LNSH072 2 0.22 HW
-------------------------------------------------------------------------
SH017 LNSH073 5 71.0 20cm
-------------------------------------------------------------------------
LNSH074 5 59.6 Duplicate of LNSH073
-------------------------------------------------------------------------
LNSH075 5 37.8 CH
-------------------------------------------------------------------------
LNSH076 5 4.38 FW
-------------------------------------------------------------------------
LNSH077 5 0.57 HW
-------------------------------------------------------------------------
SH018 LNSH078 11 4.31 30cm
-------------------------------------------------------------------------
LNSH079 11 89.5 Duplicate of LNSH078
-------------------------------------------------------------------------
LNSH081 11 27.6 CH
-------------------------------------------------------------------------
LNSH082 11 0.55 FW
-------------------------------------------------------------------------
LNSH083 11 3.10 HW
-------------------------------------------------------------------------
LNSH084 24 1.35 50cm
-------------------------------------------------------------------------
LNSH085 24 18.6 50cm
-------------------------------------------------------------------------
LNSH086 24 32.5 CH
-------------------------------------------------------------------------
LNSH087 24 1.61 FW
-------------------------------------------------------------------------
LNSH088 24 3.69 HW
-------------------------------------------------------------------------
SH019 LNSH089 31 1.77 25cm
-------------------------------------------------------------------------
LNSH090 31 48.4 25cm
-------------------------------------------------------------------------
LNSH091 31 11.9 CH
-------------------------------------------------------------------------
LNSH092 31 0.23 FW
-------------------------------------------------------------------------
LNSH093 31 11.8 HW
-------------------------------------------------------------------------
SH020 LNSH094 3 0.16 20cm
-------------------------------------------------------------------------
LNSH095 3 0.18 Duplicate of LNSH094
-------------------------------------------------------------------------
LNSH096 3 0.16 CH
-------------------------------------------------------------------------
LNSH097 3 0.27 FW
-------------------------------------------------------------------------
LNSH098 3 1.83 HW
-------------------------------------------------------------------------
SH021 LNSH099 21 9.85 25cm
-------------------------------------------------------------------------
LNSH101 21 5.89 25cm
-------------------------------------------------------------------------
LNSH102 21 7.49 CH
-------------------------------------------------------------------------
LNSH103 21 1.41 FW
-------------------------------------------------------------------------
LNSH104 21 0.22 HW
-------------------------------------------------------------------------
SH022 LNSH105 4 0.29 45cm
-------------------------------------------------------------------------
LNSH106 4 0.18 Duplicate of LNSH105
-------------------------------------------------------------------------
LNSH107 4 0.25 CH
-------------------------------------------------------------------------
LNSH108 4 0.76 FW
-------------------------------------------------------------------------
LNSH109 4 0.26 HW
-------------------------------------------------------------------------
SH023 LNSH110 3 0.02 25cm
-------------------------------------------------------------------------
LNSH111 3 0.03 25cm
-------------------------------------------------------------------------
LNSH112 3 0.01 CH
-------------------------------------------------------------------------
LNSH113 3 0.02 FW
-------------------------------------------------------------------------
LNSH114 3 0.11 HW
-------------------------------------------------------------------------
SH024 LNSH115 3 0.01 40cm
-------------------------------------------------------------------------
LNSH116 3 0.24 Duplicate of LNSH115
-------------------------------------------------------------------------
LNSH117 3 0.02 CH
-------------------------------------------------------------------------
LNSH118 3 0.01 FW
-------------------------------------------------------------------------
LNSH119 3 0.02 HW
-------------------------------------------------------------------------
SH025 LNSH121 47 0.4 25cm
-------------------------------------------------------------------------
LNSH122 47 2.32 25cm
-------------------------------------------------------------------------
LNSH123 47 2.36 CH
-------------------------------------------------------------------------
LNSH124 47 0.02 FW
-------------------------------------------------------------------------
LNSH125 47 0.30 HW
-------------------------------------------------------------------------
SH026 LNSH126 23 10.8 20cm
-------------------------------------------------------------------------
LNSH127 23 9.47 CH
-------------------------------------------------------------------------
LNSH128 23 0.45 FW
-------------------------------------------------------------------------
LNSH129 23 3.75 HW
-------------------------------------------------------------------------
SH027 LNSH130 42 28.0 20cm
-------------------------------------------------------------------------
LNSH131 42 13.7 20cm
-------------------------------------------------------------------------
LNSH132 42 5.32 CH
-------------------------------------------------------------------------
LNSH133 42 0.88 FW
-------------------------------------------------------------------------
LNSH134 42 0.57 HW
-------------------------------------------------------------------------
SH028 LNSH135 32 1.62 30cm
-------------------------------------------------------------------------
LNSH136 32 2.25 Duplicate of LNSH135
-------------------------------------------------------------------------
LNSH137 32 17.8 CH
-------------------------------------------------------------------------
LNSH138 32 0.21 FW
-------------------------------------------------------------------------
LNSH139 32 0.41 HW
-------------------------------------------------------------------------
SH029 LNSH141 40 1.95 30cm
-------------------------------------------------------------------------
LNSH142 40 1.03 Duplicate of LNSH141
-------------------------------------------------------------------------
LNSH143 40 0.85 CH
-------------------------------------------------------------------------
LNSH144 40 0.19 FW
-------------------------------------------------------------------------
LNSH145 40 3.23 HW
-------------------------------------------------------------------------
SH030 LNSH146 4 0.08 25cm
-------------------------------------------------------------------------
LNSH147 4 0.11 CH
-------------------------------------------------------------------------
LNSH148 4 0.23 FW
-------------------------------------------------------------------------
LNSH149 4 0.51 HW
-------------------------------------------------------------------------
SH031 LNSH150 18 0.07 20cm
-------------------------------------------------------------------------
LNSH151 18 0.05 20cm
-------------------------------------------------------------------------
LNSH152 18 0.17 CH
-------------------------------------------------------------------------
LNSH153 18 0.57 FW
-------------------------------------------------------------------------
LNSH154 18 0.15 HW
-------------------------------------------------------------------------
SH032 LNSH155 2 3.08 30cm
-------------------------------------------------------------------------
LNSH156 2 2.29 CH
-------------------------------------------------------------------------
LNSH157 2 4.63 FW
-------------------------------------------------------------------------
LNSH158 2 2.43 HW
-------------------------------------------------------------------------
SH033 LNSH159 4 1.44 30cm
-------------------------------------------------------------------------
LNSH161 4 9.55 CH
-------------------------------------------------------------------------
LNSH162 4 2.53 FW
-------------------------------------------------------------------------
LNSH163 18 0.85 HW
-------------------------------------------------------------------------
LNSH164 16 6.14 30cm
-------------------------------------------------------------------------
LNSH165 16 29.1 Duplicate of LNSH164
-------------------------------------------------------------------------
LNSH166 16 24.0 CH
-------------------------------------------------------------------------
LNSH167 16 0.37 FW
-------------------------------------------------------------------------
LNSH168 16 0.82 HW
-------------------------------------------------------------------------
SH034 LNSH169 16 0.56 25cm
-------------------------------------------------------------------------
LNSH170 16 0.97 25cm
-------------------------------------------------------------------------
LNSH171 16 0.26 CH
-------------------------------------------------------------------------
LNSH172 16 0.10 FW
-------------------------------------------------------------------------
LNSH173 16 0.15 HW
-------------------------------------------------------------------------
LNSH174 16 0.94 15cm
-------------------------------------------------------------------------
LNSH175 16 0.20 FW
-------------------------------------------------------------------------
LNSH176 16 1.0 HW
-------------------------------------------------------------------------
SH035 LNSH177 18.5 11.8 20cm
-------------------------------------------------------------------------
LNSH178 18.5 28.6 CH
-------------------------------------------------------------------------
LNSH179 18.5 0.22 HW
-------------------------------------------------------------------------
LNSH181 18.5 0.02 FW
-------------------------------------------------------------------------
SH036 LNSH182 25.5 61.5 12cm
-------------------------------------------------------------------------
LNSH183 25.5 0.84 HW
-------------------------------------------------------------------------
LNSH184 25.5 0.12 FW
-------------------------------------------------------------------------
Notes for the Summary Table:
Cm means vein width in centimeters.
Depth means distance the sample was collected below surface.
FW means sample was collected in the footwall of the vein.
HW means sample was collected in the hanging wall of the vein.
CH means chip sample from exposed vein area.
Standard samples for check assay references are omitted from table.
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana.
Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com.
Disclaimer
This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Lake Victoria Mining Company, Inc.
Dr. Roger A. Newell
303-586-1390
info@lvcamining.com
www.lakevictoriaminingcompany.com
Tanzania’s mineral wealth borders on the fabulous:
Apart from Gold, Diamond and Gemstones, Tanzania has abundant mineral reserves of Nickel, Copper, Uranium, Kaolin, Titanium, Cobalt and Platinum and even SALT. That is why Tanzania has been attracting some of the largest mining companies in the world.
Since the 1990's, several major gold discoveries have been made and much larger mines are entering production. These developments and discoveries include the following:
http://www.lakevictoriaminingcompany.com/mining-operations/tanzania-resource-wealth.php
Hows everyone doing today? Its nice to see an increase in volume here
But we have to take it one day at a time! I would like to see it break 80 this afternoon.
This week has been unreal but it would be nice to see it happen all over again next week!
Gotta aim high! I think that we could reach that here.
lvca is green again this morning! It has been a great week.
I don't think anyone could have predicted this kind of a week here!
Pretty high expectations! Definetly possible with this company.
yeah if we have the same kinda week next week this thing could start getting really big pretty fast
Check out the good news that they just got today. . .
Lake Victoria Mining Company Identifies Five Kilometer Long Gold Trend; Assay Results Average 7.1 Grams Per Metric Ton From Unde
GOLDEN, COLORADO -- (Marketwire) -- 08/06/09 -- Lake Victoria Mining Company, Inc. (OTCBB: LVCA) -
Underground shaft sampling of artisanal mines at the Singida "Gold Rush" project has produced an average grade of 7.1 grams of gold per metric ton; 175 underground samples were taken from 36 mine shafts and related mine workings. These initial results suggest that gold is present for a distance of five kilometers where the mine shafts are located.
A total of thirty-six mine shafts and related underground mine workings were sampled between June 13th and July 8th, 2009, within a 5 kilometer long trend, and in an area of active artisanal mining. Numerous artisanal mine shafts and workings have exposed steeply dipping, northwest-southeast trending gold bearing quartz veins that are accessible for mapping and sampling. Where sampled, the veins vary from about 30 centimeters to 2 meters thick.
A total of 175 vein and wall rock samples were collected; the maximum accessible sampling depth was 47 meters below surface. The samples were analyzed at laboratories in Mwanza, Tanzania, and quality control samples were analyzed along with the underground samples. The underground assays have an uncut average value of 7.1 grams per metric ton, or 0.23 ounces per ton. Dr. Roger Newell, president of Lake Victoria, stated, "These assay results are very encouraging and confirm the importance of the property. We look forward to further advancing the property with additional sampling and possible underground drilling." Further sampling, statistical analysis and geologic-geophysical mapping are underway in an attempt to closely define and extend the strike length of the quartz vein system. Additional results will be reported as they become available.
Geologically, the quartz veins lie within Precambrian mafic volcanic rocks that are part of a larger greenstone belt. The Company is conducting a detailed ground magnetic survey to assist in defining gold bearing geological structures and to further extend the vein structures. Initial indications are that the veins continue at depth below 47 meters and for distances beyond a 5 kilometer strike length. If additional exploration continues to prove successful, this area will develop into an important commercial gold mining district.
LVCA has been green all week and is up almost 9% today alone
That would be the perfect ending to an exciting week
Sounds like everybody is happy with the green week we are having here!
Not a bad week. Nothing two exciting happening but it could be alot worse
Great news! Should help the future of lvca a lot!
Lake Victoria Mining Company's Gold Tailing Assays Average 2.75 Grams Per Metric Ton, Singida, Tanzania
GOLDEN, COLORADO -- (Marketwire) -- 08/03/09 -- (OTCBB: LVCA) - A 2.75 gram per metric ton average was received by Lake Victoria Mining Company for initial assay results from small scale mining tailing piles at Kilimanjaro Mining Company's Singida "Gold Rush" project area. The tailing piles are a result of the past five years of small scale mining, processing and gold recovery operations by artisanal miners in the project area.
President of Lake Victoria Mining Company, Dr. Roger Newell is very enthused about these assay results commenting: "The tailings are not the reason we began exploring in this area. We entered the area because of numerous small scale mining along an extended strike length and the high gold grades the artisanal miners were finding. These tailing assay results are after the miners have processed the tailings two and three times and are very indicative of what the potential average underground grade could be."
Tailing sampling at the Singida Project started on the 6th July 2009 and is still ongoing. Seventy-five tailing piles are currently being sampled; additional piles are planned for sampling in the near future, with the aim of calculating the total tonnes and average grade of all the piles available in the area. As of the 31st July 2009, a total of 63 piles have been systematically sampled producing 1,825 tailing samples; 1,380 samples have been submitted to assay laboratories in Tanzania. The above figures include both standards and blank samples submitted for quality control. Nine-hundred assay results have now been received.
Field estimates indicate a total of about 13,000 tonnes of tailings have been sampled and that the average grade is 2.75 grams per metric ton (quality control samples are excluded from the average grade). The estimated contained gold is about 1,030 ounces. The remaining tailing piles that have been sampled contain an estimated 6,700 tonnes for which assay results are pending. The total amount of tailings being sampled in the current program is approximately 20,000 tonnes.
The systematic sampling has been conducted on a grid spacing of 4 meters by 4 meters using augers. The holes were augered with samples taken at each one meter intervals. All of the 75 tailing piles are located in close proximity to each other (an average of less than 20 meters apart). The total amount of tons and average gold grade for the entire project will be released once the quantifying and sampling program is complete.
Summary results tabulated below are for seventeen tailing piles for which assay results have been received:
----------------------------------------------------------------------------
Aver. Mass Aver. Au
Pile No Length Width Height Volume Density (Tons) Au g/t in Oz
----------------------------------------------------------------------------
Pile01A 48 16 1.85 1420.80 2.00 2841.6 2.33 212.90
----------------------------------------------------------------------------
Pile01B 32 12 1.85 710.40 2.00 1420.8 2.33 106.45
----------------------------------------------------------------------------
Pile020 48 20 1.37 1315.20 2.00 2630.4 2.67 225.83
----------------------------------------------------------------------------
Pile021 24 12 1.42 408.96 2.00 817.92 2.72 71.54
----------------------------------------------------------------------------
Pile044 28 12 1.57 527.52 2.00 1055.04 2.77 93.97
----------------------------------------------------------------------------
Pile048 24 24 1.47 846.72 2.00 1693.44 1.61 87.67
----------------------------------------------------------------------------
Pile010 24 8 1.83 351.36 2.00 702.72 2.46 55.58
----------------------------------------------------------------------------
Pile011 28 8 1.59 356.16 2.00 712.32 2.22 50.85
----------------------------------------------------------------------------
Pile028 14 6 1.62 136.08 2.00 272.16 2.50 21.88
----------------------------------------------------------------------------
Pile029 14 4 1.50 84.00 2.00 168.00 2.98 16.10
----------------------------------------------------------------------------
Pile037 12 6 1.86 133.92 2.00 267.84 4.48 38.58
----------------------------------------------------------------------------
Pile038 8 4 1.33 42.56 2.00 85.12 4.39 12.02
----------------------------------------------------------------------------
Pile039 14 2 1.71 47.88 2.00 95.76 5.01 15.43
----------------------------------------------------------------------------
Pile049 4 2 1.67 13.36 2.00 26.72 1.99 1.71
----------------------------------------------------------------------------
Pile050 4 2 1.67 13.36 2.00 26.72 1.99 1.71
----------------------------------------------------------------------------
Pile051 10 2 1.33 26.60 2.00 53.20 2.05 3.51
----------------------------------------------------------------------------
Pile052 14 4 1.36 76.16 2.00 152.32 2.32 11.36
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total 13022.08 2.75 1027.08
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Initial metallurgical testing of the tailings is underway to determine what optimal conditions might eventually be employed to recover the gold. Further analysis is required, but initial results are encouraging - since all the tailings occur in close proximity to each other, are at surface and are easily accessible for processing. At current gold prices and based on receiving consistent results from the ongoing tonnage estimates, sampling activities and engineering studies, the development of a low cost tailings gold recovery plant may be possible by the last quarter of 2009.
About the Companies
Subject to the final closing of the Securities Exchange Agreement between Kilimanjaro Mining Company and Lake Victoria Mining Company, contemplated to be by August 11, 2009, Kilimanjaro will become a 100 percent wholly owned subsidiary company of Lake Victoria.
Kilimanjaro Mining Company Inc. is a private metals exploration company focused in Tanzania, East Africa. The company holds a significant number of highly prospective gold and uranium licenses. (www.kilimanjarominingcompany.com)
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana.
Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com.
Disclaimer
This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Lake Victoria Mining Company, Inc.
Dr. Roger A. Newell
303 -586-1390
info@lvcamining.com
www.lakevictoriaminingcompany.com
GM everyone!
Their company is Golden!
I think that a lot of people will have their eye on this one for awhile.
Yeah the sky is the limit for this company!
I agree with you. I don't see lvca's price coming down as long as the gold stays where it is at or above
GOLDEN, COLORADO -- (Marketwire) -- 08/03/09 -- (OTCBB: LVCA) - A 2.75 gram per metric ton average was received by Lake Victoria Mining Company for initial assay results from small scale mining tailing piles at Kilimanjaro Mining Company's Singida "Gold Rush" project area. The tailing piles are a result of the past five years of small scale mining, processing and gold recovery operations by artisanal miners in the project area.
Finding more gold! I can see a lot more green days in the future!
They are a good investment right now! And that is going to help this stock keep rising higher and higher IMO!
Two more days of trading left this week. Here's hoping for two more GREEN days!
There is always going to be flutuation. . . we can deal with that! I think the good will far out weigh the bad!
Forterus is dedicated to serving the middle class with its “A Better Tomorrow” facility in Murrieta, California, and it caters to higher end clients with Dana Point Recovery, a clinic in Dana Point in coastal Orange County, one of the most beautiful areas in the world. The clinics provide a 28-day to 90- day treatment program. There is also a separate treatment program for adolescents, and Spanish-language treatment services. ABTTC, INC. has achieved annual growth rates topping 34 percent every year since its founding and is dedicated to growing by acquiring more treatment facilities in Southern California. Its focus on long term recovery by using relapse prevention and family friendly components surpasses all industry standards in the addiction field. It also offers an intensive outpatient program.
I think that it is good to have such a quality rehabilitation center for the middle class!
No change is better than negatives!
You won't hear me disagreeing with you on that!
The potental here is really limitless who knows how high gold could be in the future. IMO it's not going down anytime soon!
I found this in one of lvca latest PR.
GOLDEN, COLORADO -- (Marketwire) -- 08/03/09 -- (OTCBB: LVCA) - A 2.75 gram per metric ton average was received by Lake Victoria Mining Company for initial assay results from small scale mining tailing piles at Kilimanjaro Mining Company's Singida "Gold Rush" project area. The tailing piles are a result of the past five years of small scale mining, processing and gold recovery operations by artisanal miners in the project area.
Me to been hearing some good things decided to do a little research. I'll have an eye on it for awhile
Looks like we were in the green for a little wihile. That is one positive to take away from a negative day!
Down a little bit today. Anybody remember how we did yesterday?
I would rather see no change than red numbers! It could always be worse!