Lake Victoria Reports Kinyambwiga Gold Drill Results, Northern Tanzania

Lake Victoria Mining Company, Inc. (OTC:LVCA) reports drill results from a drilling program at the three Kunanga Prospects in Kinyambwiga gold project, northern Tanzania.

The press release is quoted as saying:

At Kanunga 1, previous Lake Victoria trenching and reverse circulation drilling identified a number of shear hosted, narrow, east-northeast trending, gold-rich quartz veins extending a distance of about 350 meters within granitic rocks. The Kanunga 2 target, located 500 meters north of Kanunga 1, extends for 400 meters in an east-northeast direction and was tested with 4 reverse circulation boreholes. Two holes tested the southwestern end of the trend where an artisanal shaft is present. Drill results returned one anomalous intercept of 0.110 g/t Au over 5 meters along the interpolated mineralized trend. At Kanunga 3, located approximately 1 kilometer north of Kanunga 1, extensive artisanal workings are present and cover an area of 200 meters x 100 meters. Drilling was planned to test the intersecting east-northeast and northwest trending geophysical (IP) structures as well as the previous shallow Reconnaissance Air Blast (RAB) drill results. A number of recent scissor holes were drilled on north-south fences spaced 80 meters apart across the artisanal workings. Gold grades were low and included a number of anomalous intersections of less than 0.250 g/t Au in the southern part of the artisanal area.

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