Lake Victoria Gold Intersects 28.71 g/t Au over 2.75 m and 12.20 g/t Au over 4.50 m in Shallow Area C Drilling at Imwelo
Original announcement by tmx on
- Company
- Lake Victoria Gold Ltd.
- Ticker
- LVG
- Exchange
- TSX
- Region
- Tanzania
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Metallurgy, Other
- Extracted
- 2026-09-14 10:26:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lake Victoria Gold Ltd. announced high-grade, near-surface gold drill results from its Imwelo Gold Project in Tanzania, including 28.71 g/t Au over 2.75 m and 12.20 g/t Au over 4.50 m. These intercepts are located in the shallow Area C, the company's planned initial open-pit mining area. The company is also conducting a comprehensive metallurgical testwork program on weathered ore to optimize processing for clay-rich material, complementing previous work on sulphide and transitional material.
Reasoning: The announcement reports exceptional high-grade, near-surface gold intercepts that significantly enhance the project's potential for open-pit development. Concurrently, a new metallurgical program is underway to address the critical challenge of processing clay-rich weathered ore, which is a positive step towards de-risking the project's future production, despite some holes encountering historical voids and the metallurgical work being at a laboratory scale.
Positive factors
- High-grade gold intercepts
- Shallow mineralization suitable for open-pit mining
- Metallurgical program addressing key processing challenges for weathered ore
- QA/QC procedures disclosed and laboratory certified
- Qualified Person sign-off
Negative factors
- True width of intercepts not yet determined
- Historical artisanal mining voids encountered in some holes
- New metallurgical testwork is at laboratory scale, not pilot scale
- Clay content in weathered ore presents processing challenges
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 12
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept in IMWDR028 returned 124.83 g/t Au over 0.40 m, which is an exceptionally high grade.
Evidence · text
“124.83 g/t Au over 0.40 m from 34.50 m”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept in IMWDR029 returned 142.90 g/t Au over 0.50 m, which is an exceptionally high grade.
Evidence · text
“142.90 g/t Au over 0.50 m from 21.80 m”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states that 'True Width have not yet been determined' for the drill intercepts.
Evidence · table
“True Width have not yet been determined”
Context: True Width
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions internal QA/QC procedures including Blank Sample, CRM & Duplicate sample, and states that Nesch Mintech Lab results all passed QAQC.
Evidence · table
“Internal - every 20th sample is a Blank Sample, CRM & Duplicate sample. Nesch Mintech Lab results all passed QAQC.”
Context: QAQC
QP/CP Signedpositive · Story-specific tag
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101.
Evidence · text
“The scientific and technical information contained in this news release has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling provides 'additional data for detailed mine planning and grade-control work' and the company will 'continue grade-control drilling', indicating an infill program.
Evidence · text
“provide additional data for detailed mine planning and grade-control work”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Previous testwork on transitional and fresh sulphide material demonstrated recoveries of up to approximately 96-97% using conventional methods, which is an exceptional recovery for gold.
Evidence · text
“recoveries of up to approximately 96-97% using conventional gravity concentration and cyanide leaching”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The new metallurgical program involves 'whole-core samples' and 'bottle-roll cyanidation' among other lab tests, indicating it is at a bench/laboratory scale rather than a pilot plant.
Evidence · text
“whole-core samples from the eight HQ drillholes have been submitted to independent metallurgical laboratory Nesch Mintech Tanzania Limited for a comprehensive testwork program”
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: The weathered ore is characterized by 'significant weathering and clay content', which creates 'different material-handling and processing considerations' and is the focus of the new metallurgical program.
Evidence · text
“This material is expected to be amenable to free-dig mining but is characterized by significant weathering and clay content, creating different material-handling and processing considerations”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: The new metallurgical program specifically targets the 'shallow end of the mining sequence' and 'weathered near-surface zone at Area C', indicating a focus on a single ore domain.
Evidence · text
“The new program targets the shallow end of the mining sequence. Previous geotechnical work identified a weathered near-surface zone at Area C”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 11. Some facts used in scoring do not have a stored record.
Drill Results (10)
IMWDR024Imwelo · goldGrade: 0.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- IMWDR024
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 0.7
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 13 m
- To
- 14 m
- Hole Depth
- 25.5 m
- Intercept Depth
- 13 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR024:13-14
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 377996.48
- Northing
- 9679047.36
- Elevation
- 1183.9 m
- Azimuth
- 190 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept shows a low gold grade over a narrow width, which is not particularly material on its own but contributes to the overall drill data for the project.
Negative factors
- Low grade
- Narrow intercept
Evidence · table
“0.70”
Context: 1.00
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR024Imwelo · goldGrade: 0.38Grade Unit: g/tIntercept: 0.35 mView all detailsHide details
Identity
- Hole ID
- IMWDR024
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 0.38
- Grade Unit
- g/t
- Intercept
- 0.35 m
- From
- 15.2 m
- To
- 15.55 m
- Hole Depth
- 25.5 m
- Intercept Depth
- 13 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR024:15.2-15.55
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 377996.48
- Northing
- 9679047.36
- Elevation
- 1183.9 m
- Azimuth
- 190 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept shows a very low gold grade over a very narrow width, which is not material but provides additional data for the project.
Negative factors
- Very low grade
- Very narrow intercept
Evidence · table
“0.38”
Context: 0.35
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR028Imwelo · goldGrade: 12.2Grade Unit: g/tIntercept: 4.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 12.2
- Grade Unit
- g/t
- Intercept
- 4.5 m
- From
- 32 m
- To
- 36.5 m
- Hole Depth
- 40 m
- Intercept Depth
- 32 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR028:32-36.5
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378163.903
- Northing
- 9679061.648
- Elevation
- 1179.944 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept shows an exceptional gold grade over a moderate width at a shallow depth, making it a highly material result for the planned open-pit operation.
Positive factors
- Exceptional grade for open-pit gold
- Shallow depth
- Good grade-thickness product
Evidence · table
“12.20”
Context: 4.50
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR028Imwelo · goldGrade: 27.94Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 27.94
- Grade Unit
- g/t
- Intercept
- 1.9 m
- From
- 33 m
- To
- 34.9 m
- Hole Depth
- 40 m
- Intercept Depth
- 32 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR028:33-34.9
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378163.903
- Northing
- 9679061.648
- Elevation
- 1179.944 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval shows an exceptional gold grade over a narrow width, significantly contributing to the overall high-grade nature of the broader intercept.
Positive factors
- Exceptional grade for open-pit gold
- Shallow depth
Evidence · text
“27.94 g/t Au over 1.90 m from 33.00 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR028Imwelo · goldGrade: 124.83Grade Unit: g/tIntercept: 0.4 mView all detailsHide details
Identity
- Hole ID
- IMWDR028
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 124.83
- Grade Unit
- g/t
- Intercept
- 0.4 m
- From
- 34.5 m
- To
- 34.9 m
- Hole Depth
- 40 m
- Intercept Depth
- 32 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR028:34.5-34.9
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378163.903
- Northing
- 9679061.648
- Elevation
- 1179.944 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval represents a bonanza gold grade over a very narrow width, indicating a high-grade vein within the broader mineralized zone.
Positive factors
- Bonanza grade for open-pit gold
- Shallow depth
Evidence · text
“124.83 g/t Au over 0.40 m from 34.50 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR029Imwelo · goldGrade: 28.71Grade Unit: g/tIntercept: 2.75 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 28.71
- Grade Unit
- g/t
- Intercept
- 2.75 m
- From
- 21 m
- To
- 23.75 m
- Hole Depth
- 40 m
- Intercept Depth
- 21 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR029:21-23.75
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378177
- Northing
- 9679049
- Elevation
- 1179 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept shows an exceptional gold grade over a narrow width at a very shallow depth, representing a highly material result for the planned open-pit operation.
Positive factors
- Exceptional grade for open-pit gold
- Very shallow depth
- Good grade-thickness product
Evidence · table
“28.71”
Context: 2.75
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR029Imwelo · goldGrade: 59.77Grade Unit: g/tIntercept: 1.3 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 59.77
- Grade Unit
- g/t
- Intercept
- 1.3 m
- From
- 21 m
- To
- 22.3 m
- Hole Depth
- 40 m
- Intercept Depth
- 21 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR029:21-22.3
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378177
- Northing
- 9679049
- Elevation
- 1179 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval shows a bonanza gold grade over a very narrow width, significantly enhancing the overall high-grade nature of the broader intercept.
Positive factors
- Bonanza grade for open-pit gold
- Very shallow depth
Evidence · text
“59.77 g/t Au over 1.30 m from 21.00 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR029Imwelo · goldGrade: 142.9Grade Unit: g/tIntercept: 0.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR029
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 142.9
- Grade Unit
- g/t
- Intercept
- 0.5 m
- From
- 21.8 m
- To
- 22.3 m
- Hole Depth
- 40 m
- Intercept Depth
- 21 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR029:21.8-22.3
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378177
- Northing
- 9679049
- Elevation
- 1179 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval represents a bonanza gold grade over a very narrow width, indicating a high-grade vein within the broader mineralized zone.
Positive factors
- Bonanza grade for open-pit gold
- Very shallow depth
Evidence · text
“142.90 g/t Au over 0.50 m from 21.80 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR031Imwelo · goldGrade: 0.96Grade Unit: g/tIntercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- IMWDR031
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 0.96
- Grade Unit
- g/t
- Intercept
- 2.5 m
- From
- 21.9 m
- To
- 24.4 m
- Hole Depth
- 40 m
- Intercept Depth
- 21.9 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR031:21.9-24.4
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378188
- Northing
- 9679048
- Elevation
- 1179 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept shows a low gold grade over a narrow width, which is not particularly material on its own but contributes to the overall drill data for the project.
Negative factors
- Low grade
- Narrow intercept
Evidence · table
“0.96”
Context: 2.50
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
IMWDR031Imwelo · goldGrade: 3.73Grade Unit: g/tIntercept: 0.4 mView all detailsHide details
Identity
- Hole ID
- IMWDR031
- Project
- Imwelo
- Commodity
- gold
- Region
- tanzania
- Reported Region
- tanzania
- Ticker
- LVG
Geometry
- Grade
- 3.73
- Grade Unit
- g/t
- Intercept
- 0.4 m
- From
- 24 m
- To
- 24.4 m
- Hole Depth
- 40 m
- Intercept Depth
- 21.9 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- IMWDR031:24-24.4
- Mining Method
- open_pit
Location
- Location
- Area C
- Easting
- 378188
- Northing
- 9679048
- Elevation
- 1179 m
- Azimuth
- 188 °
- Dip
- -50 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Nesch Mintech Tanzania Limited
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- Yes
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval shows a moderate gold grade over a very narrow width, providing some positive data within the broader intercept.
Positive factors
- Moderate grade for open-pit gold
Negative factors
- Very narrow intercept
Evidence · text
“3.73 g/t Au over 0.40 m from 24.00 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: deleterious_flag is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "(TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay resul"
Metallurgical Results (1)
gravity concentration, cyanide leachingImwelo Gold Project · goldRecovery: 96 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Test Work
- Program Status
- detailed
- Test Type
- gravity concentration, cyanide leaching
- Processing Route
- conventional gravity concentration and cyanide leaching
- Sample
- transitional and fresh sulphide material
Recovery
- Recovery
- 96 %
- Recovery Basis
- actual_test
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-18T00:00:00.000Z
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: High gold recoveries (96-97%) from previous testwork on transitional and fresh sulphide material demonstrate the amenability of the deeper ore to conventional processing methods, providing a positive baseline for the project.
Positive factors
- High recovery for gold
- Conventional processing route
Evidence · text
“recoveries of up to approximately 96-97% using conventional gravity concentration and cyanide leaching”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 96% is at or above the exceptional band (95%)
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.