Lake Victoria Gold Announces Additional Drill Results at Imwelo, Extending Mineralization Below and to the East and West of the Current Pit Design

Core Insights - Lake Victoria Gold Ltd. (LVG) has announced positive results from its ongoing 4,000-metre drill program at the Imwelo Gold Project in Tanzania, confirming the continuation of mineralization beyond historical limits and indicating potential for resource growth [1][6][10] Technical Highlights - Depth Extension: Drilling has confirmed mineralization down to over 250 meters, exceeding the historical resource limit of approximately 200 meters. Current drill holes average 120 meters in depth, more than double the historical average of 50 meters, providing new insights below previous models [3][6] - Lateral Expansion: New mineralized intervals have been identified outside the primary lode, suggesting opportunities to increase the resource within the current design envelope. The results align with existing historical resource models, enhancing confidence in potential upgrades from Inferred to Indicated resources [4][6] - Underground Optionality: The consistent structural continuity and depth extensions support the evaluation of a potential underground development scenario beneath the planned open pit [5][6] Assay Results - Significant assay results include: - IMWDR003: 3.56 g/t Au over 1.21m from 83.04m, including 7.16 g/t Au over 0.41m - IMWDR011: 8.55 g/t Au over 1.30m from 93.34m, including 20.77 g/t Au over 0.31m - IMWDR013: 9.31 g/t Au over 2.45m from 130.00m, including 21.65 g/t Au over 0.96m - IMWDR017: 11.19 g/t Au over 0.90m from 91.80m, including 32.84 g/t Au over 0.30m [8][10] Management Commentary - The President & CEO of LVG expressed that the results validate the company's thesis for Imwelo, highlighting meaningful extensions of mineralization at depth and laterally, which strengthens confidence in the geological model and the long-term potential of the project [10] Company Overview - Lake Victoria Gold is focused on growth and consolidation in the Lake Victoria Goldfield in Tanzania, holding a 100% interest in the Imwelo Project, which is fully permitted for mine construction and production [13][14]