# 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 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036 Original source: https://money.tmx.com/en/quote/LVG/news/8329931252543958/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5 Publisher: tmx Original announcement: 2026-08-27T07:01:00.000Z 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: Drill results, Metallurgy, Other - Extracted: 2026-09-14 10:26:49 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: High-grade gold intercepts - Positive factor: Shallow mineralization suitable for open-pit mining - Positive factor: Metallurgical program addressing key processing challenges for weathered ore - Positive factor: QA/QC procedures disclosed and laboratory certified - Positive factor: Qualified Person sign-off - Negative factor: True width of intercepts not yet determined - Negative factor: Historical artisanal mining voids encountered in some holes - Negative factor: New metallurgical testwork is at laboratory scale, not pilot scale - Negative factor: 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 Intercept** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Signed** Polarity: positive Story-specific tag Definition: 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 Drilling** Polarity: neutral Definition: 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 Recovery** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Present** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: 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) ### IMWDR024 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-0) Imwelo · gold #### 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 factor: Low grade - Negative factor: Narrow intercept Evidence · table > 0.70 Context: 1.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR024 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-1) Imwelo · gold #### 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 factor: Very low grade - Negative factor: Very narrow intercept Evidence · table > 0.38 Context: 0.35 #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR028 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-2) Imwelo · gold #### 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 factor: Exceptional grade for open-pit gold - Positive factor: Shallow depth - Positive factor: Good grade-thickness product Evidence · table > 12.20 Context: 4.50 #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR028 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-3) Imwelo · gold #### 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 factor: Exceptional grade for open-pit gold - Positive factor: Shallow depth Evidence · text > 27.94 g/t Au over 1.90 m from 33.00 m #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR028 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-4) Imwelo · gold #### 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 factor: Bonanza grade for open-pit gold - Positive factor: Shallow depth Evidence · text > 124.83 g/t Au over 0.40 m from 34.50 m #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR029 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-5) Imwelo · gold #### 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 factor: Exceptional grade for open-pit gold - Positive factor: Very shallow depth - Positive factor: Good grade-thickness product Evidence · table > 28.71 Context: 2.75 #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR029 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-6) Imwelo · gold #### 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 factor: Bonanza grade for open-pit gold - Positive factor: Very shallow depth Evidence · text > 59.77 g/t Au over 1.30 m from 21.00 m #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR029 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-7) Imwelo · gold #### 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 factor: Bonanza grade for open-pit gold - Positive factor: Very shallow depth Evidence · text > 142.90 g/t Au over 0.50 m from 21.80 m #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR031 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-8) Imwelo · gold #### 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 factor: Low grade - Negative factor: Narrow intercept Evidence · table > 0.96 Context: 2.50 #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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" ### IMWDR031 [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-drill-facts-9) Imwelo · gold #### 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 factor: Moderate grade for open-pit gold - Negative factor: Very narrow intercept Evidence · text > 3.73 g/t Au over 0.40 m from 24.00 m #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: 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 leaching [Link to this fact](https://atlas-extractions.minestarters.com/news/lake-victoria-gold-intersects-28-71-g-t-au-over-2-75-m-and-12-20-g-t-au-over-4-5--4d47a947-30a2-463b-afcd-4e8565a00036#fact-metallurgical-facts-11) Imwelo Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: High recovery for gold - Positive factor: Conventional processing route Evidence · text > recoveries of up to approximately 96-97% using conventional gravity concentration and cyanide leaching #### 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 **High Recovery** Polarity: positive Definition: 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.