Lake Victoria Gold (TSX-V:LVG) has completed field data collection for geotechnical studies supporting final open-pit designs at the Imwelo Project in East Africa, representing a step toward near-term production planning.
Two dedicated geotechnical drillholes were completed, with geotechnical logging and data capture also complete. Samples have been submitted for rock strength characterisation laboratory testing.
Lake Victoria says the results will inform final pit designs for the start of production.
CEO Marc Cernovitch says completing these programs marks a step toward production at Imwelo.
“As we finalise pit designs at Area C, the project continues to transition from technical studies into the development phase, aligning with our strategy of advancing high-quality assets toward cashflow,” Cernovitch says.
Exploration manager Hendrick Mering adds that with the benefit of the latest drilling, geotechnical logging, and specific gravity measurements, the geological and structural picture for Area C has tightened up.
“From an exploration and mine-planning perspective, the technical data strongly supports the concept of a single, continuous open-pit covering the full mineralised trend, rather than multiple isolated pits,” Mering says.
The Imwelo Project, located within the Geita Greenstone belt, comprises seven mineralised locations that have been drilled. The project has an historical resource estimate of 291,600 ounces of gold.
Lake Victoria Gold is a mineral explorer and developer focused on gold projects in Africa.
Write to Aaliyah Rogan at Mining.com.au
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