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Friday, 08/07/2009 12:41:24 PM

Friday, August 07, 2009 12:41:24 PM

Post# of 9786
The key objective of Lake Victoria Mining Company, is to identify and acquire resource properties that have a high potential for a proven resource, and to establish one or more "proven resources" and progress from a resource and exploration company to a mining company.

Lake Victoria Mining Company has a knowledgeable management team in the resource industry, which is closely tapped into a reliable geological team on the ground in Tanzania. A strong strategic plan has been developed and implemented from the outset of the company.

Once a resource property is acquired by Lake Victoria Mining Company, the immediate goal on each property is to conduct sufficient field exploration to establish a "proven resource". The value of a property containing a "proven resource" is dramatically more than that of one with a potential resource.

This allows the company to immediately take steps to either establish an operating full scale mine or make a sale of the "proven resource" while still in the ground to a major mining company.

In either case the company will realize major leverage from its’ initial mine investments in acquisition and field exploration from the "proven resource".