# Lake Victoria Gold project development in Tanzania > Live situation record from CLSTR: https://clstr.news/situations/lake-victoria-gold-project-development-in-tanzania > Updated: 2026-08-27T08:25:44.000Z. Sources: 12. Developments: 3. 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. ## Claims - Lake Victoria Gold reported high-grade gold assay results from its Imwelo Gold Project in Tanzania. (corroborated by 3 sources) - Drilling in Area C identified quartz-vein samples with gold grades as high as 142.90 g/t. (corroborated by 3 sources) - Hole IMWDR029 yielded 28.71 g/t gold over 2.75 metres starting at a depth of 21 metres. (corroborated by 3 sources) - Hole IMWDR028 yielded 12.20 g/t gold over 4.5 metres starting at a depth of 32 metres. (corroborated by 3 sources) - The Imwelo Gold Project in northwest Tanzania is fully permitted. (corroborated by 3 sources) - A metallurgical testwork program is being conducted to evaluate treatment options for clay-rich weathered ore. (single source) ## Timeline ### 2026-08-27: 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. 7 sources. https://clstr.news/cluster/lake-victoria-gold-reports-high-grade-gold-results-at-imwelo-project ### 2026-08-11: 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. 7 sources. https://clstr.news/cluster/lake-victoria-gold-reports-maiden-resource-estimate-for-tembo-project ### 2026-07-31: 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 3 sources. https://clstr.news/cluster/lake-victoria-gold-launches-phase-3-land-compensation-for-imwelo-gold-project-in-tanzania --- Cite as: Lake Victoria Gold project development in Tanzania. CLSTR, https://clstr.news/situations/lake-victoria-gold-project-development-in-tanzania