Lake Victoria Gold Advances Imwelo Project with Critical Pit Studies

By Bradley Riviera

Project Development Update

Lake Victoria Gold Ltd. has completed essential geotechnical drilling and data collection at the Imwelo Project (Tanzania) that will feed final pit designs for future open-pit mining operations.

Technical Progress Highlights

• Multiple deep geotechnical and infill holes have been logged and analysed.

• Specific gravity and rock strength data will inform pit stability, safety and mining economics.

• Completion of this phase enhances confidence in transitioning the project from exploration to production planning.

What It Means for Investors and Communities

This study phase marks a key milestone on the timeline toward commercial production. Progress at Imwelo strengthens Tanzania’s profile as a growing destination for gold exploration investment and supports local economic development through potential job creation and revenue.