Lake Victoria Gold Begins 6,500-Metre Grade Control Drilling at Imwelo Project
Lake Victoria Gold Ltd. has commenced a 6,500-metre reverse circulation (RC) grade control drilling program at its fully permitted Imwelo Gold Project in Tanzania. The drilling is focused on Area C, the site's planned initial open-pit mining area, and aims to transition the project from resource definition toward active production planning. The program utilizes a 10m by 10m staggered grid targeting the upper 20 metres of the pit to delineate ore boundaries, manage dilution, and refine mining sequences. This technical phase is critical for optimizing the initial mining benches and managing pre-production stockpiles. The company expects to complete the drilling program by February 2027 using two RC rigs.
Tickers: $LVGLF
Topics: drilling program gold mining mine development resource management