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3 clusters · 12 sources · 28 days · First seen · Last updated

Lake Victoria Gold project development in Tanzania

Overview

Lake Victoria Gold is advancing development at its projects in northwestern Tanzania. In late July 2026, the company’s subsidiary, Tembo Gold Ltd., initiated Phase 3 of a land valuation and compensation programme for the Imwelo Gold Project in the Chato District to secure infrastructure land.

By mid-August 2026, the company reported its maiden NI 43-101 mineral resource estimate for the 100%-owned Tembo Gold Project, located near Barrick’s Bulyanhulu Mine. The estimate identified 480,100 inferred ounces of gold at 1.12 g/t and 99,700 indicated ounces at 1.16 g/t within conceptual open-pit shells. A higher-grade component within the project contains 331,700 inferred ounces at 2.15 g/t and 68,600 indicated ounces at 2.00 g/t at a 1.00 g/t cut-off. To support resource conversion and mine planning, the company intends to conduct a 4,000–5,000 meter drilling program at the Ngula 1 zone and is exploring a potential toll-milling arrangement with Nyati Resources.

In late August 2026, Lake Victoria Gold announced high-grade gold assay results from diamond drilling at the fully permitted Imwelo Gold Project. Drilling in Area C, the planned initial open-pit mining zone, revealed near-surface mineralization with quartz-vein samples reaching up to 142.90 g/t gold. Specific results included hole IMWDR029 reporting 28.71 g/t gold over 2.75 metres and hole IMWDR028 returning 12.20 g/t gold over 4.5 metres. The company is also conducting metallurgical testwork led by Nesch Mintech Tanzania Limited to optimize the processing of clay-rich weathered ore for future production.

Entities

Lake Victoria Gold · Imwelo Gold Project · Tanzania · Barrick Gold · Tembo Gold Project

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. 16 days ago

    [BUSINESS] 7 sources
    Lake Victoria Gold reports high-grade gold results at Imwelo Project

    Lake Victoria Gold reports high-grade gold drilling results at its Imwelo Gold Project in Tanzania, with samples reaching 142.90 g/t gold in the planned Area C open-pit zone.

  2. about 1 month ago

    [BUSINESS] 7 sources
    Lake Victoria Gold reports maiden resource estimate for Tembo Project

    Lake Victoria Gold reported its first mineral resource estimate for the Tembo Gold Project in Tanzania, identifying approximately 580,000 total ounces of gold across indicated and inferred categories.

  3. about 1 month ago

    [BUSINESS] 3 sources
    Lake Victoria Gold Launches Phase 3 Land Compensation for Imwelo Gold Project in Tanzania

    Lake Victoria Gold’s subsidiary Tembo Gold starts a Phase 3 land valuation and compensation for 73 acres at the Imwelo Gold Project in Tanzania on Aug 1 2026, involving ~60 landowners and expanding total land‑h

Sources

88finanz.de · africanminingmarket.com · finanznachrichten.de · go-with-us.de · neue-pressemitteilungen.de · presse-board.de · presseschleuder.com · pressnetwork.de · prmitteilung.de · reporterbox.de · stichtingverslaving.nl · stocktitan.net

This summary has been updated 1 time: see revision history