Lake Victoria Gold Advances Construction at Imwelo Gold Project
Lake Victoria Gold (LVG.V) on Tuesday said it completed a sterilization-drilling program at the Imwelo Gold Project in Tanzania.The 23-hole drilling program confirmed a planned process plant and accommodation footprints are not over significant gold mineralization, allowing construction work on these areas to proceed, the company said.The program confirmed that known mineralization sits clear of the planned infrastructure. The gold-bearing trend is located to the south of the cleared areas."Confirming that we are not building over any potential mineralization gives us the confidence to advance civil works on these footprints, while the geotechnical information gathered along the way feeds directly into our foundation and camp design," chief executive Marc Cernovitch said.This work supports preparations for Phase 1 construction at Imwelo, which includes site clearing and access road upgrades.The company's shares were last seen down C$0.005 to C$0.275.Price: $0.28, Change: $+0.01, Percent Change: +1.85%
