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Re: Welcome2Pinkyland post# 1518

Tuesday, 05/18/2010 6:08:29 PM

Tuesday, May 18, 2010 6:08:29 PM

Post# of 9786
Singida Regional and District Commissioners Want Lake Victoria Mining Company to Open A Gold Mine at Londoni Town, Tanzania
On Thursday May 13, 2010, 9:16 pm EDT

GOLDEN, COLORADO--(Marketwire - 05/13/10) - On May 3rd, 2010 directors from Lake Victoria Mining Company (OTC.BB:LVCA - News), Heidi Kalenuik and Ahmed Magoma, along with Senior Geological Consultant Mr. Clive King, met in Singida, Tanzania with the Honorable Dr. Parseko Kone Regional Commissioner and District Commissioner Paschal Mabiti. Discussions focused on the progressive exploration activities of Lake Victoria Resources (T) Ltd., the wholly owned Tanzanian subsidiary of Lake Victoria Mining Company, and the Commissioner's desire for the company to advance to the point of opening a commercial gold mine in the nearby Londoni project area.

During the meeting both the Regional and the District commissioners expressed their gratitude for the international investment that Lake Victoria Mining Company has brought to the country and the commitment of Tanzania to support all foreign investment. Dr. Kone further reiterated that Lake Victoria Mining Company could expect the full support and co-operation from himself and his office in the company's advancing exploration activities in the Singida region.

The commissioner also highlighted some of the infrastructure enhancements and developments that were underway through government in the region to attract foreign investment and enhance the investors experience in the area. One such improvement is the completion of new paved roads connecting Singida to the three major Tanzania cities of Dar es Salaam, Arusha and Mwanza, making it a crossroads for development.

The Regional Commissioner acknowledged the investment that had already been felt by the exploration activities of Lake Victoria Mining Company on the Singida Gold Project, in the areas of Londoni and Sambura, known as one of the poorest areas in Tanzania. There was further discussion on other areas in the region that are highly prospective for gold exploration in the region and the Company's ability to acquire mining licenses in these locations if desired.



http://finance.yahoo.com/news/Singida-Regional-and-District-iw-3306439337.html?x=0&.v=1