Welcome to our dedicated page for Lake Victoria Gold news (Ticker: LVGLF), a resource for investors and traders seeking the latest updates and insights on Lake Victoria Gold stock.
Lake Victoria Gold Ltd. reports company news centered on gold project development in Tanzania's Lake Victoria Goldfield. Recurring updates cover the Imwelo Gold Project and Tembo Project, including drilling results, geotechnical testing, metallurgical recovery work, pit optimization, mine planning, permitting status, and Tanzania mining regulatory matters.
Company announcements also describe material agreements, capital-structure matters, governance disclosures, strategic investor participation, and project-funding themes tied to advancing exploration and development-stage gold assets.
Osisko Development (NYSE:ODV, TSXV:ODV) reported Q1 2026 results within a strong backdrop for construction-stage gold developers. The company held about $594.3 million in cash and equivalents as of March 31, 2026 and was added to the VanEck Junior Gold Miners ETF (GDXJ) effective March 20, 2026.
Osisko Development also confirmed roughly $153.2 million (US$109.9 million), including accrued interest, outstanding under an initial draw of its US$450 million senior secured project loan facility with funds advised by Appian Capital Advisory, supporting development and construction of the Cariboo Gold Project.
Lake Victoria Gold (AEM) is mobilizing reverse circulation rigs to the fully permitted Imwelo Project for a ~21-day, ~1,050-metre sterilization drill program starting mid-May to de-risk site infrastructure before construction. Financing includes a US$25m gold loan and a committed C$3.8m convertible debenture.
Metallurgical testwork shows up to ~97% gold recovery; Tembo regulatory steps and toll-milling talks add optionality.
Lake Victoria Gold (OTCQB: LVGLF) reported geotechnical results from Imwelo that will inform final pit design and ongoing engineering for Area C. Tests show a near-surface oxidised saprock zone (0–60 m) of lower strength and fresh rock with uniaxial compressive strength up to ~166 MPa, supporting steeper slopes at depth and free-dig mining potential near surface.
The company is integrating these parameters into pit optimization, slope stability, waste movement, metallurgy, and site development toward a construction-ready mine plan.
Lake Victoria Gold (TSXV: LVG / OTCQB: LVGLF) has mobilized reverse circulation drill rigs to begin a targeted sterilization drilling program at the fully permitted Imwelo Gold Project, with work scheduled to start mid-May and run ~21 days. The ~1,050 metre RC program will test plant, accommodation and support zones to confirm final infrastructure placement and inform engineering, final site layout, pit design and construction sequencing. Results are intended to prevent infrastructure siting over mineralized zones and feed directly into detailed engineering and mine planning ahead of near-term construction.
Lake Victoria Gold (TSXV: LVG / OTCQB: LVGLF) secured near-term funding to advance Imwelo and Tembo: a production-linked gold loan of up to US$25 million and a fully committed $3.0 million convertible debenture (5.0% interest, $0.31 conversion, half-warrants at $0.40).
The company reports ~97% recovery at Imwelo, area drill highlights, a toll-milling agreement in negotiation, and Tanzania formalizing its 16% free carried interest; management and partners own >60% of shares.
Lake Victoria Gold (OTCQB: LVGLF) has initiated Tanzania's statutory 16% non-dilutable free carried interest process for the Tembo mining licences and is advancing near-term development planning. The company is in advanced negotiations toward a binding agreement with Nyati Resources to support toll milling and potential early-stage production, using a low-capex strategy that leverages existing regional processing infrastructure. Parallel workstreams include government participation implementation, targeted drilling at the initial production area, and technical programs to support phased mine planning and operational readiness.
Lake Victoria Gold (OTCQB: LVGLF) reported metallurgical testwork on Area C at Imwelo showing up to ~96–97% gold recovery via gravity concentration plus cyanide leaching. Tests indicate a strong gravity component (~42–47%), ~84% direct cyanide-leachable gold and Bond Work Index ~22.9 kWh/t, supporting a simple gravity-CIL flowsheet.
Results align with 2013–2017 programs and are being integrated into final mine planning and plant design to advance near-term production plans.
Lake Victoria Gold (OTCQB: LVGLF) completed its Imwelo Area C drill program and received assays, confirming down-dip continuity and new lateral mineralized extensions beyond the current pit design.
Key outcomes include depth continuity to >250m, average vertical intersections ~120m, multiple high-grade intercepts, and work advancing final pit optimization, geotechnical de-risking and metallurgical testing to support near-term production readiness.
Lake Victoria Gold (OTCQB: LVGLF) completed field data collection for geotechnical studies and specific gravity measurements at the Imwelo Project Area C on January 26, 2026, advancing final open-pit design work.
Two dedicated geotechnical holes (IMWDR016 to 150m and IMWDR019 to 163m) were completed, geotechnical logging finished, and samples submitted for rock strength laboratory testing. Approximately 200 core samples were measured for specific gravity across laterite, saprolite, saprock and fresh rock, and core from 21 resource infill holes was captured for geotechnical interpretation. Results are being used to refine pit-shell optimization and support updated resource and mine-planning work, with engineering ongoing and final pit designs in progress.
Lake Victoria Gold (OTCQB: LVGLF) reported high‑grade artisanal grab samples at its 100%‑owned Tembo Project in Tanzania, with assays up to 35.45 g/t Au. Eight artisanal sites were sampled; notable results include Ngula 1 (up to 35.45 g/t), Ngula 2 (35.21 g/t), Mgusu (5.90 g/t), Nyangomango (7.86–8.50 g/t) and Nyakagwe East (22.68 g/t).
The company identified three priority drill targets and plans a close‑spaced drill program at Ngula 1 targeting a 300–400 m strike in Q1 2026. LVG is in advanced talks to finalize a binding toll‑processing agreement in early 2026 to utilize an existing 500 tpd CIP plant on the licence, subject to confirmatory drilling, permitting and a definitive agreement.