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
- Extracted
- 2026-09-14 10:25:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lake Victoria Gold announced high-grade, near-surface gold assay results from drilling at 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 within the shallow, weathered mineralized sequence at Area C, the planned initial open-pit mining area. The company is also conducting comprehensive metallurgical testwork on whole-core samples from the weathered ore to determine optimal processing parameters, complementing previous testwork on sulphide material.
Reasoning: Lake Victoria Gold reported exceptional shallow gold intercepts at its Imwelo project, with grades significantly above the project average and peer median, which is highly positive for potential open-pit development. The concurrent metallurgical testwork on weathered ore is a crucial step in de-risking the project's processing, although results for this specific material are pending. The presence of historical artisanal mining voids in several holes is a minor negative, but the overall results are strong.
Positive factors
- High-grade gold intercepts significantly exceed project average and peer median
- Intercepts are shallow, supporting potential open-pit mining
- Metallurgical testwork is comprehensive and addresses key processing challenges for weathered ore
- QA/QC procedures are disclosed and laboratory is certified
Negative factors
- True width of intercepts not yet determined
- Several holes intersected voids from historical artisanal mining, indicating potential resource depletion in shallow areas
- Metallurgical testwork for weathered ore is still underway, with no recovery results yet reported for this material type
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 of 142.90 g/t Au over 0.50 m in IMWDR029 is an exceptionally high-grade zone, well above the deposit-type norm for open-pit gold.
Evidence · text
“including 142.90 g/t Au over 0.50 m from 21.80 m”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 124.83 g/t Au over 0.40 m in IMWDR028 is an exceptionally high-grade zone, well above the deposit-type norm for open-pit gold.
Evidence · text
“including 124.83 g/t Au over 0.40 m from 34.50 m”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release includes QA/QC disclosure, mentioning internal blank, CRM, and duplicate samples, and that Nesch Mintech Lab results passed QAQC, with the lab being ISO/IEC 17025 and ISO 9001 certified.
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: David Scott, Pr. Sci. Nat., is named as a Qualified Person as defined by NI 43-101 and has reviewed and approved the scientific and technical information.
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”
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 interval is given as downhole width, and the QA/QC notes explicitly state that true widths have not yet been determined.
Evidence · table
“True Width have not yet been determined”
Context: True Width
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: The metallurgical program is specifically designed to address the challenges of 'clay-rich near-surface material' and 'weathered mineralization', indicating potential processing complexity.
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 extending locally to approximately 40–60 metres depth. 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 from the stronger transitional and fresh rock below.”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The current metallurgical testwork includes 'bottle-roll cyanidation' which is a screening-level test, useful for scoping but not definitive for commercial performance.
Evidence · text
“Supporting work will include grind sensitivity at target product sizes of P80 125 µm, 106 µm and 75 µm; size-by-assay analysis; gravity separation; bottle-roll cyanidation; slurry rheology and settling tests; density measurements; head-grade determination; and multi-element characterization.”
Historical Estimate Onlynegative · Story-specific tag
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The document explicitly states that Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, but these foreign-code studies are not current under NI 43-101, and the company has not completed a feasibility study that establishes mineral reserves.
Evidence · text
“Although Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, these foreign-code studies are not current under NI 43-101. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM Definition Standards.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The metallurgical testwork is evaluating 'washing and desliming' and 'attrition scrubbing' which are common pre-treatment steps for heap leach operations, and the material is described as 'weathered' and 'clay-rich', often amenable to heap leaching.
Evidence · text
“Three principal treatment conditions will be evaluated: untreated whole ore to establish a baseline; washing and desliming to determine whether removal of fine clay improves processing performance; and attrition scrubbing followed by desliming to determine whether breaking down clay aggregates improves gold liberation and recovery.”
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The drilling results provide additional data for detailed mine planning and grade-control work for the Area C mining horizon, which is part of an existing project with historical resource estimates.
Evidence · text
“The intercepts occur within the shallow, highly weathered mineralized sequence at Area C, the Company's planned initial open-pit mining area, and provide additional data for detailed mine planning and grade-control work.”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (10)
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept of 28.71 g/t Au over 2.75 m is an exceptional grade for an open-pit gold target, significantly exceeding the project's historical average and the peer median. Its shallow depth further enhances its economic potential, making it a highly material and novel result for the project's development.
Positive factors
- Exceptional gold grade (28.71 g/t Au) for an open-pit target, significantly above peer median and project average
- High grade-thickness product (78.95 g/t*m) for an open-pit target
- Shallow intercept (from 21.00 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Narrow intercept length (2.75 m)
- True width not yet determined
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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval of 59.77 g/t Au over 1.30 m represents a bonanza grade within the broader intercept, further enhancing the economic potential of the shallow mineralization at Area C.
Positive factors
- Bonanza gold grade (59.77 g/t Au) for an open-pit target, significantly above peer median and project average
- Shallow intercept (from 21.00 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Narrow intercept length (1.3 m)
- True width not yet determined
Evidence · text
“including 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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This very high-grade sub-interval of 142.90 g/t Au over 0.50 m represents a bonanza grade, indicating the presence of extremely rich mineralization within the shallow Area C target.
Positive factors
- Bonanza gold grade (142.90 g/t Au) for an open-pit target, significantly above peer median and project average
- Shallow intercept (from 21.80 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Very narrow intercept length (0.5 m)
- True width not yet determined
Evidence · text
“including 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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept of 12.20 g/t Au over 4.50 m is an exceptional grade for an open-pit gold target, well above the project's historical average and the peer median. Its shallow depth enhances its economic potential, making it a material and novel result for the project's development.
Positive factors
- Exceptional gold grade (12.20 g/t Au) for an open-pit target, significantly above peer median and project average
- High grade-thickness product (54.9 g/t*m) for an open-pit target
- Shallow intercept (from 32.00 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Narrow intercept length (4.5 m)
- True width not yet determined
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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval of 27.94 g/t Au over 1.90 m represents an exceptional grade within the broader intercept, further enhancing the economic potential of the shallow mineralization at Area C.
Positive factors
- Exceptional gold grade (27.94 g/t Au) for an open-pit target, significantly above peer median and project average
- Shallow intercept (from 33.00 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Narrow intercept length (1.9 m)
- True width not yet determined
Evidence · text
“including 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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This very high-grade sub-interval of 124.83 g/t Au over 0.40 m represents a bonanza grade, indicating the presence of extremely rich mineralization within the shallow Area C target.
Positive factors
- Bonanza gold grade (124.83 g/t Au) for an open-pit target, significantly above peer median and project average
- Shallow intercept (from 34.50 m) supports potential for low-cost open-pit mining
- New result contributing to detailed mine planning
Negative factors
- Very narrow intercept length (0.4 m)
- True width not yet determined
Evidence · text
“including 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
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: 0.7Grade 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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept of 0.70 g/t Au over 1.0 m is a weak grade for an open-pit gold target, falling below the project average and peer median, indicating limited economic significance.
Positive factors
- Shallow intercept (from 13.00 m) supports potential for low-cost open-pit mining
Negative factors
- Weak gold grade (0.70 g/t Au) for an open-pit target
- Narrow intercept length (1.0 m)
- True width not yet determined
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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept of 0.38 g/t Au over 0.35 m is a weak grade for an open-pit gold target, falling below the project average and peer median, indicating limited economic significance.
Positive factors
- Shallow intercept (from 15.20 m) supports potential for low-cost open-pit mining
Negative factors
- Weak gold grade (0.38 g/t Au) for an open-pit target
- Very narrow intercept length (0.35 m)
- True width not yet determined
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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This intercept of 0.96 g/t Au over 2.5 m is a moderate grade for an open-pit gold target, falling below the project average, indicating limited economic significance compared to the higher-grade intercepts.
Positive factors
- Shallow intercept (from 21.90 m) supports potential for low-cost open-pit mining
Negative factors
- Moderate gold grade (0.96 g/t Au) for an open-pit target, below project average
- Narrow intercept length (2.5 m)
- True width not yet determined
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
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 – Mwanza
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: This sub-interval of 3.73 g/t Au over 0.40 m represents an exceptional grade for an open-pit target, but its very narrow width limits its overall materiality.
Positive factors
- Exceptional gold grade (3.73 g/t Au) for an open-pit target
- Shallow intercept (from 24.00 m) supports potential for low-cost open-pit mining
Negative factors
- Very narrow intercept length (0.4 m)
- True width not yet determined
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
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 (2)
whole-core testworkImwelo Gold Project · goldView all detailsHide details
Identity
- Project
- Imwelo Gold Project
- Commodity
- gold
- Region
- tanzania
- Reported Region
- Tanzania
- Ticker
- LVG
Test Work
- Program Status
- preliminary
- Test Type
- whole-core testwork
- Processing Route
- gravity recovery and cyanide leaching
- Sample
- weathered mineralization from Area C
Recovery
- Recovery Basis
- unspecified
Lab
- Laboratory
- Nesch Mintech Tanzania Limited
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: The initiation of comprehensive metallurgical testwork on the weathered, clay-rich ore is a significant positive step towards de-risking the project's processing. While no results are yet available for this specific material, the program's objective to optimize the flowsheet for the initial mining area is highly material and novel.
Positive factors
- Comprehensive testwork program initiated to address processing challenges of weathered ore
- Testwork will inform final process flowsheet and plant configuration
- Utilizing an independent and certified metallurgical laboratory
Negative factors
- No recovery results yet reported for this specific weathered material type
- Testwork is still underway, indicating future uncertainty
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 that will determine the metallurgical character of the weathered mineralization.”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravity concentration and 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 and cyanide leaching
- Processing Route
- conventional gravity concentration and cyanide leaching
- Sample
- transitional and fresh sulphide material
Recovery
- Recovery
- 96 %
- Recovery Basis
- actual_test
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: This historical metallurgical testwork demonstrated strong gold recoveries of 96-97% from transitional and fresh sulphide material, indicating favorable metallurgy for a significant portion of the deposit. While not new information, it provides a positive context for the current testwork on weathered ore.
Positive factors
- High gold recovery (96-97%) for sulphide material using conventional methods
- Indicates free-milling metallurgy for this ore type
- Historical results provide a positive baseline for other ore types
Evidence · text
“The current testwork is designed to complement the results announced by LVG on March 18, 2026 under the headline "Lake Victoria Gold Confirms up to Approximately 97% Gold Recovery and Free-Milling Metallurgy at the Imwelo Gold Project." That program demonstrated strong metallurgical performance from transitional and fresh sulphide material, including recoveries of up to approximately 96–97% using conventional gravity concentration and cyanide leaching and a significant gravity-recoverable gold component.”
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.