Lake Victoria Gold Accelerates Drilling at Imwelo Area C with Second Rig Mobilization

Core Insights - Lake Victoria Gold Ltd. (LVG) is mobilizing a second multipurpose drill rig to expedite drilling at the Imwelo Gold Project in Tanzania, which is fully permitted [1][2] - The current drilling program consists of twenty-four holes totaling 4,000 meters, with the first three holes already completed and assays pending for the first two [2][3] - The company aims to complete the drilling program by the second week of December 2025, enhancing the momentum towards production readiness [2][3] Company Overview - Lake Victoria Gold is a growing gold exploration and development company listed on the TSX Venture Exchange, focusing on the Lake Victoria Goldfield in Tanzania [5] - The company holds a 100% interest in the Imwelo Project, which is fully permitted for mine construction and production, positioning it as a near-term development opportunity [6] - LVG has a highly experienced team with over 60% of shares owned by management, directors, and partners, indicating strong insider confidence [7] Drilling Program Objectives - The drilling program at Area C aims to refine the final pit design, improve resource confidence, and test down-dip extensions to enhance resource growth [8] - The program includes collecting core samples for metallurgical testing to validate recoveries and inform early mine sequencing [8] - Early visual observations from the first three holes have shown multiple zones of quartz veining and alteration, aligning with the company's expectations [3]