# 97% Recovery. Fully Permitted. 12 Kilometers From a 20-Million-Ounce Deposit. And Nobody's Talking About It. Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--9c9d7a96-64e0-4a98-b6e4-b7a238898a6c Original source: https://money.tmx.com/en/quote/ABX/news/8186611230383733/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no Publisher: tmx Original announcement: 2026-03-19T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lake Victoria Gold Ltd. - Ticker: LVG - Exchange: TSX - Region: Tanzania - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Drill results, Permitting - Extracted: 2026-09-19 07:43:10 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Lake Victoria Gold reports high metallurgical recovery of approximately 97% for its Imwelo Gold Project in Tanzania using a conventional gravity and CIL flowsheet. The project is fully permitted and located near major operations like the Geita and Bulyanhulu mines. Reasoning: The document highlights strong metallurgical results and permitting status for the Imwelo project, though it is a paid advertisement with non-independent technical sign-off. - Positive factor: High metallurgical recovery \(97%\) - Positive factor: Fully permitted project status - Positive factor: Proximity to major gold mines \(Geita, Bulyanhulu\) - Positive factor: Strategic backing from Barrick Gold and local billionaire - Positive factor: Free-milling gold characteristics - Negative factor: Paid advertisement/sponsored content - Negative factor: Non-independent QP \(Director of the company\) - Negative factor: Economic studies are JORC-based and not current under NI 43-101 Facts used in scoring: 3 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Total recovery reaches approximately 97% using a conventional gravity and carbon-in-leach flowsheet. Evidence · text > total recovery reaches approximately 97% using a conventional gravity and carbon-in-leach flowsheet **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Metallurgical testwork confirmed the gold is free-milling. Evidence · text > Imwelo's gold is free-milling **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Technical information reviewed and approved by a Qualified Person \(David Scott\). Evidence · text > Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The Qualified Person is a Director of the company, meaning they are not independent. Evidence · text > Mr. Scott is ... a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is located 12km from AngloGold Ashanti's Geita Mine. Evidence · text > AngloGold Ashanti's \(NYSE: AU\) Geita Mine ... sits just 12 kilometers away. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("carbon-in-leach"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Metallurgical Results (3) ### gravity and carbon-in-leach [Link to this fact](https://atlas-extractions.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--9c9d7a96-64e0-4a98-b6e4-b7a238898a6c#fact-metallurgical-facts-0) Imwelo Gold Project · gold #### Identity - Project: Imwelo Gold Project - Commodity: gold - Region: tanzania - Reported Region: Tanzania - Ticker: LVG #### Test Work - Program Status: detailed - Test Type: gravity and carbon-in-leach - Processing Route: conventional gravity and carbon-in-leach flowsheet - Sample: Imwelo gold #### Recovery - Recovery: 97 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 97% total recovery is a very strong metallurgical result for a conventional flowsheet. - Positive factor: 97% recovery is exceptional for gold Evidence · text > total recovery reaches approximately 97% using a conventional gravity and carbon-in-leach flowsheet #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the mill\_cil signal **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 97% is at or above the exceptional band \(95%\) ### cyanide leach [Link to this fact](https://atlas-extractions.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--9c9d7a96-64e0-4a98-b6e4-b7a238898a6c#fact-metallurgical-facts-1) Imwelo Gold Project · gold #### Identity - Project: Imwelo Gold Project - Commodity: gold - Region: tanzania - Reported Region: Tanzania - Ticker: LVG #### Test Work - Program Status: detailed - Test Type: cyanide leach - Sample: Imwelo gold #### Recovery - Recovery: 84 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: 84% direct cyanide leachability is a strong component of the total recovery. - Positive factor: High direct cyanide leachability Evidence · text > Approximately 84% is directly cyanide-leachable ### gravity [Link to this fact](https://atlas-extractions.minestarters.com/news/97-recovery-fully-permitted-12-kilometers-from-a-20-million-ounce-deposit-and-no--9c9d7a96-64e0-4a98-b6e4-b7a238898a6c#fact-metallurgical-facts-2) Imwelo Gold Project · gold #### Identity - Project: Imwelo Gold Project - Commodity: gold - Region: tanzania - Reported Region: Tanzania - Ticker: LVG #### Test Work - Program Status: detailed - Test Type: gravity - Sample: Imwelo gold #### Recovery - Recovery: 44.5 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-19T00:00:00.000Z Reasoning: The document provides a range \(42-47%\); 44.5% is used as a representative midpoint. - Positive factor: Solid gravity recovery component Evidence · text > Gravity recovery runs between 42% and 47% #### Tags used in scoring **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 44.5% is below the weak band \(80%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.