Lake Victoria Gold Ltd. (TSXV:LVG) (OTCQB:LVGLF) (FSE:E1K) reported high-grade, near-surface gold intercepts from drilling at its Imwelo Gold Project in Tanzania, adding new data to the company's ongoing work to refine the project's initial mining area and processing plans.
The latest drilling at Area C, the planned initial open-pit area, returned 28.71 grams per tonne (g/t) gold over 2.75 metres from 21 metres in hole IMWDR029. A second hole, IMWDR028, intersected 12.20 g/t gold over 4.50 metres from 32 metres.
Individual quartz-vein samples within those intervals returned much higher grades, including 142.90 g/t gold over 0.50 metres in IMWDR029 and 124.83 g/t over 0.40 metres in IMWDR028.
The results are from eight HQ diamond drill holes covering 225 metres across roughly 240 metres of strike in Area C. Four holes encountered voids **** ociated with historical artisanal mining, where parts of the shallow mineralized zone had already been removed.
The company said the drilling will help refine detailed mine planning and future grade-control work. Reported intercepts are down-hole lengths, and true widths have not yet been established.
#imwdr029
The latest drilling at Area C, the planned initial open-pit area, returned 28.71 grams per tonne (g/t) gold over 2.75 metres from 21 metres in hole IMWDR029. A second hole, IMWDR028, intersected 12.20 g/t gold over 4.50 metres from 32 metres.
Individual quartz-vein samples within those intervals returned much higher grades, including 142.90 g/t gold over 0.50 metres in IMWDR029 and 124.83 g/t over 0.40 metres in IMWDR028.
The results are from eight HQ diamond drill holes covering 225 metres across roughly 240 metres of strike in Area C. Four holes encountered voids **** ociated with historical artisanal mining, where parts of the shallow mineralized zone had already been removed.
The company said the drilling will help refine detailed mine planning and future grade-control work. Reported intercepts are down-hole lengths, and true widths have not yet been established.
#imwdr029
1 day ago