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Lake Victoria Gold clears key infrastructure sites at Imwelo Project of significant gold, enabling construction to proceed.

Company Fundamentals
23 Jun 2026
Newsfile Corp
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Bullish
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Lake Victoria Gold completed sterilization drilling at its Imwelo Gold Project in Tanzania, confirming no significant gold mineralization beneath the planned process plant and accommodation camp sites. This clearance allows the company to advance construction without risking loss of potential ore. The drilling also provided geotechnical data for foundation design. Next steps include incorporating these results into final designs and continuing infrastructure development, including road upgrades and camp installation, as the project moves toward Phase 1 construction.

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