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Lake Victoria Gold announces maiden mineral resource estimate for Tembo project in Tanzania, with nearly 580,000 ounces of gold reserves.
Lake Victoria Gold Ltd. (TSXV:LVG) announced its maiden NI 43-101 compliant mineral resource estimate for its wholly-owned Tembo Gold Project in northwest Tanzania, outlining nearly 580,000 ounces of gold across three deposits. Of this, the Ngula 1 deposit accounts for approximately 331,000 ounces and is the most advanced target on the project. The Tembo Project is the company's second major development asset, following its permitted Imwelo Project, and is adjacent to Barrick Gold's Bulyanhulu mine.
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