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oneleg
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News ,,,Lake Victoria to Conduct Pre-Drill Exploration at Singida Gold Project to Determine Undiscovered Sub Surface Gold Vein Sets

GOLDEN, COLORADO -- (Marketwire)
05/19/10
Lake Victoria Mining Company, Inc. (OTCBB: LVCA) - The aim of the current exploration program is to determine the potential for undiscovered, subsurface gold vein sets within the sheared package of metavolcanic rocks proximal to the known gold veins, at Singida Gold Project in order to determine an economic resource prior to drill planning.

This Preliminary exploration work is a necessity prior to the Company advancing the project towards a drilling program. The ground work is to be focused on:

-- obtaining a better understanding of the geology, the structural

complexity and the distribution of the known gold bearing quartz veins

within the shear zone, and

-- to highlight areas of increased gold anomalism through soil sampling.

This approach is aimed at optimising gold targets in order that a cost efficient and systematic drill programme can be planned.

Previously completed and announced ground magnetic and IP surveys undertaken by Lake Victoria Resources have greatly assisted in defining some of the geological and structural features in the area.

Artisanal mining at Singida-Londoni has been focused on a number of narrow gold-rich quartz veins that are located within a major NW-SE trending shear zone. These veins "pinch and swell" along strike within the shear zone for a distance of some 7km. Some of the exposed veins on the Singida-Londoni licenses held by Lake Victoria Mining Company, that cover a strike length of 4.8 km, have been mined by artisanal miners in their upper parts to depths of about 50m. In the northwestern part of the shear structure, approximately 6 km from the Singida-Londoni licenses, Shanta Gold Ltd has announced a resource of 1,031,926 oz of gold at a grade of 1.46 g/t on their Singida License.

The Singida-Londoni Pre- Drill Exploration program will include:

Phase 1:

-- soil sampling on 400m x 50m grid with selected infill sampling, across

the shear zone

-- wall rock sampling of existing pits and artisanal workings in order to

determine the gold values within the sheared sidewall rocks adjacent to

the gold bearing quartz veins

-- trenching across the strike of the quartz veins within undisturbed

ground between areas of previous artisanal working to test the extent of

the mineralization along strike.

-- detailed geological and structural mapping of surface outcrop, trench

and pit exposures

Phase 2

-- Follow-up trenching/pitting on any coherent soil anomalies.

-- Interim results will be reported as they become available.

-- Upon confirmation of the existence of undiscovered, subsurface gold

bearing quartz veins, a follow-up drilling program will be planned and

initiated.

During Phase 1 and 2, the planning of exploration programs on prioritized targets within the license portfolio of Lake Victoria Mining Company will commence and be on-going.

About the Company

Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com.

Disclaimer: This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


Contacts:

Lake Victoria Mining Company, Inc.

Dr. Roger A. Newell

303-586-1390

info@lvcamining.com

www.lakevictoriaminingcompany.com

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oneleg
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Lake Victoria Mining Company, Inc. is focused on acquiring, exploring and developing gold deposits in the world famous Lake Victoria Greenstone Belt in Tanzania, East Africa.


"Tanzania produced 50 tons of gold during 2009 and is the 4th largest gold producer in Africa, currently exploiting only four percent of its mineral wealth potential."

After a potential mining reserve has been identified and acquired by Lake Victoria Mining Company, it is immediately tested to verify its potential as a reserve - such is the Lake Victoria Mining Company guarantee. With its success in Tanzania, thanks to its flagship project, Lake Victoria Mining Company continues to commit itself to the exploration of mining reserves to better the global mining industry and provide profitable ventures for serious and dynamic financiers and investors.

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T e x
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Ok, we've got one thread showing this as a pinkie, one showing it as a BB...pick one or the other guys.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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oneleg
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To maximize Kilimanjaro Mining Company’s success in identifying licenses that have a high potential of ending up with a economical “proven deposit” we proceed according to the following criteria. These criteria are our guidelines in qualifying a property for acquisition:

Lake Victoria Greenstone Belt
The license must be within Lake Victoria Greenstone Belt. The Greenstone Belt is famous in Tanzania and all over the world for its gold production. Currently there is over 50 million ounces of proven deposits and six (6) producing gold mines within the Greenstone Belt. All these proven deposits or operating gold mines are within a 200 km radius of Mwanza in Tanzania.

The license must have the potential to prove up 2 million plus ounces or must be within a reasonable and economic distance with other optioned licenses to allow a combining of more than one license to form a total cluster deposit that is 2 million plus ounces

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oneleg
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Here's What Tanzania Offers Investors
Over 800,000 kilometers of varied geological terrains with potential mineral resources


Ongoing exploration work resulting in discovery of resources in excess of 45 million ounces of gold, 1.5 million tones of nickel and 50 million carats of tanzanite.


An Archaean shield environment with a number of classical Canadian and Australian type greenstone gold lode deposits, many capped by tropically weathered enrichment zones.


An extensive Proterozoic terrain containing lode and near surface gold deposit types, now attracting exploration attention in South America, West Africa and elsewhere.


Potential for epithermal gold deposits in the faulted younger rocks on the coastal plain.


A world-class diamondiferous kimberlite at Mwadui and more than 200 other kimberlites, many of which are yet to be thoroughly evaluated.


Scores of occurrences of high value coloured gemstones, such as emerald, ruby, tsavorite, sapphire, tanzanite, and alexandrite.


A wealth of other opportunities in minerals, including coal, iron, tin, graphite, evaporates, kaolin, limestones, dimension stones, phosphates and gypsum.


Recent history of production decisions by well-financed, international companies.


Ample inventory of unexplored mineral ground.


A comprehensive, systematically archived data base on geoscientific information and mineral resources.


Minimal competition at present from large multinational mining firms.


Globally competitive tax and regulatory regime for mining investors.


Accelerated and simplified handling of investment proposals.


Technical staff trained in various disciplines associated with mining.


An abundant supply of labour.


A peaceful working environment free of confrontations, ethnic strife and labour disputes.


Well-established supporting services.

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oneleg
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How much gold could be at the company's Singida project? If the single vein continues to a depth of about 800 feet (250 meters), about 6 million tons of gold mineralized material might be present with about 1/5 of an ounce per ton (7.1g/ton).


How much gold could there be and how do we figure it out? Assuming there is only one gold bearing quartz vein system with a mining width of only 6.5feet (2meters) and with a 3.10 mile (5km) gold mineralized strike length, mining to a depth of only 800feet (250m), assuming the rock density is 2.5t/m3 and a gold grade of 0.228 oz/ton (7.11 g/ton)...

The Singida Project contains 1,426,849 estimated ounces of gold.

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wolyton
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LVCA is ready for a run here....looking good

--------------------
what i post is my opinion

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scooz
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THE NEW MEGA PICK IS...LVCA.OB
(Lake Victoria Mining Company, Inc.)!


Please begin your research here: http://www.lakevictoriaminingcompany.com/ and http://finance.yahoo.com/q?s=lvca.ob

We have alerted mining companies in the past and all have had some good things in the works. However, out of all the Gold mining companies I have seen in the past, none have intrigued me more than rong>LVCA.

While most of the mining companies we covered have focused on projects in the US and Canada - many producing no results....LVCA operates over 15 projects of Gold and Uranium in the mineral rich hotbed of Tanzania, Africa.

First, lets look at the technicals. WE LOVE THIS CHART! LVCA saw some action last week and definitely has alot of eyes on it. We are trading above the 50 EMA which as you know I am a big proponent of. On the daily chart, we are clearly trending up since March and taking baby steps back to $1.00 territory. ADX is showing a strong trend upwards, MACD is well above the 0 mark, Stochastics are showing momentum is building and RSI is just above the 50 mark - not overbought or oversold with room to grow. You can also call this a mini bottom-bouncer. We believe a breakout is IMMINENT!


LVCA is working to create another gold mine in the world famous Lake Victoria Greenstone Belt. Tanzania is the 3rd largest gold producer and has produced 1.75 million troy ounces of gold in 2007! They currently hold 11 prospective gold projects and five uranium projects in this region.

The current focus of this company is on their Singida Gold Project. Geophysical surveys were carried out across this property throughout the year revealing the existence of additional gold bearing and quartz veins. This area is widely known for its economic mineral returns.

Folks, this is a company with excellent infrastructure and management and their finger on the pulse. The market is tumbling down, Gold prices continue to rise stabley and many are now predicting China will need to "cash in" on its loans to the US causing untold inflation for the dollar. All this leads to gold rising to $2000./ounce - something we have been saying for months now.

LVCA looks to be a solid play here and we are recommending this as a Swing Trade. Gold plays are HOT right now and we believe we will retest the upper resistance here and break through! Word is we may have some news coming and I think this one can run for quite some time!

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oneleg
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Press Release Source: Lake Victoria Mining Company, Inc. On Tuesday May 25, 2010, 9:05 am
GOLDEN, COLORADO--(Marketwire - 05/25/10) - Lake Victoria Mining Company, Inc. (OTC.BB:LVCA - News) - In preparation for drill targeting and the mobilization of a drill rig to Singida-Londoni Gold Project, detailed exploration work will begin shortly. This will maximize any dollars that may soon be spent on planning and implementation of an initial drill program on a pathway to a proven resource or gold production. Lake Victoria wishes to elaborate on the exploration works required at their Singida-Londoni project in central Tanzania.

At Singida-Londoni gold project, artisanal mining has been focused on a number of outcropping narrow gold-bearing quartz veins that strike for a length of +7km within a major northwest-southeast shear belt. These veins occur as boudins forming "pinch and swell" structures along strike within the shear zone. The shear zone has an average width of 1.4km. Electrical gradient array IP surveys (News Release 17 May 2010) indicated that a number of subsurface resistive bodies, thought to represent quartz veins, occur beneath the land surface covering some 400m width of the shear zone and as such would not have been identified by the artisanal miners. In such greenstone belts, the gold bearing quartz veins often occur as en echelon "packages" or "ladder vein sets" that may be formed within or discordant to the shear fabric. These sets often exhibit plunges or "ore shoots" and needed to be accounted for in creating the geological model and incorporated within any subsequent drill program.

In order to understand the overall distribution of subsurface gold bearing quartz veins, a soil sampling program has been designed on 400m spaced north-south sections with a sample interval of 50m to define the concentration of gold in the overlying soils. Sampling is to commence in the northwest corner of the licence in early June 2010, where a number of small scale mining licences (PMLs) are currently under exclusive option to LVCA, and continue across to the southeast corner of the project. A total of 700 samples will be initially collected and assayed for gold by Aqua Regia Digest Solvent Extraction at the SGS Laboratory in Mwanza.

The sampling program, consisting of 14 traverses amounting to 33.8 line-km, is expected to be completed by the end of the 2nd to 3rd week of June. However, samples will be submitted to the laboratory on a weekly basis and results should start to be made available by mid-June. Results are expected to indicate the presence of a number of gold-in-soil anomalies which would suggest the existence of subsurface gold bearing quartz veins and which in turn may be found to correlate with the IP anomalies. Once all the results of the program have been received, the geochemical data can be reviewed in its entirety and the implementation of the follow-up infill soil sampling can immediately begin across selected areas of the project. Currently this is planned on a 200m spaced section across the gold anomalies with the aim of further defining the concentration of gold anomalism. An additional 150 samples are expected to complete this phase of soil sampling by the end of June with results being available towards mid-July.

Mapping of the regolith, topography and soils form an integral part of the program in order to later understand the value of the soil result.

During the 1st phase of regional soil sampling, detailed mapping and channel sampling of the sidewalls of some of the artisanal pits will be undertaken in an attempt to understand the nature and structural controls of the gold bearing quartz veins. This will be further assisted by undertaking a number of short trenches of 1m wide by +10m in length, especially along strike from the mined quartz veins to determine the extend or "halo" of gold mineralization within the sheared rocks.

Once an assessment of the results of the soil geochemical sampling program has been made, trenching would be undertaken across the "eyes" of the anomalies along the north-south sections in order to further define the nature and cause of the soil anomaly as well as provide an in situ surface value of gold concentration. A total of 500 meters of trenching has been budgeted to fulfil this phase of exploration and will take 1 to 2 weeks to complete. The information, derived from detailed mapping of the trench walls, will provide invaluable insights into the geology and structure that host the gold mineralization, and in turn will contribute to the building of the geological model.

Depending upon the thickness of the overlying soils, trench depths will vary between 1 to 3m and may be up to 50 to 100m in length, especially if the results of infill soil sampling reflect a wide surface anomaly. Where saprolite is present beneath the soil or laterite cover, trench depths will commonly extend to 3m.

Although the in-situ rocks are often decomposed within the saprolite horizon, the structural imprint is often well preserved and is measurable. Horizontal channel samples of 2m will be collected along the sidewall just above the base of the trench and submitted for Fire Assay analysis at SGS Laboratory, Mwanza.

All these work results could later be incorporated into an ore resource calculation should it be found from subsequent drilling that a resource is present, with the aim of establishing an initial inferred resource that would be acceptable within the guidelines of the CIM 43-101 reporting practises.

Positive drill results will represent an important milestone for Lake Victoria on the path towards a proven resource or gold production.

About the Company

Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: http://www.lakevictoriaminingcompany.com/.

Disclaimer: This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other conditions that may arise.

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oneleg
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In order to understand the overall distribution of subsurface gold bearing quartz veins, a soil sampling program has been designed on 400m spaced north-south sections with a sample interval of 50m to define the concentration of gold in the overlying soils. Sampling is to commence in the northwest corner of the licence in early June 2010, where a number of small scale mining licences (PMLs) are currently under exclusive option to LVCA, and continue across to the southeast corner of the project. A total of 700 samples will be initially collected and assayed for gold by Aqua Regia Digest Solvent Extraction at the SGS Laboratory in Mwanza.


The sampling program, consisting of 14 traverses amounting to 33.8 line-km, is expected to be completed by the end of the 2nd to 3rd week of June. However, samples will be submitted to the laboratory on a weekly basis and results should start to be made available by mid-June. Results are expected to indicate the presence of a number of gold-in-soil anomalies which would suggest the existence of subsurface gold bearing quartz veins and which in turn may be found to correlate with the IP anomalies. Once all the results of the program have been received, the geochemical data can be reviewed in its entirety and the implementation of the follow-up infill soil sampling can immediately begin across selected areas of the project. Currently this is planned on a 200m spaced section across the gold anomalies with the aim of further defining the concentration of gold anomalism. An additional 150 samples are expected to complete this phase of soil sampling by the end of June with results being available towards mid-July.

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oneleg
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As we know the European debt crisis has been causing fear in investors minds & leading the world markets lower.
Investors have been running to Gold as a hedge against falling currency prices. Gold has been known for centuries as a safe haven against market instability.

This leads us to present to you LVCA, a company we believe should warrant your immediate attention during these unstable times.

Lake Victoria Mining Company, Inc. (OTCBB:LVCA) is focused on acquiring, exploring and developing gold deposits in the world famous Lake Victoria Greenstone Belt in Tanzania, East Africa. Tanzania has become one of the fastest-emerging gold producers in Africa, and is now the contient’s third-largest gold-producing country after South Africa and Ghana. Annual production of gold has increased from around 43.2 t in 2002 to about 48.0 t in 2003. Based on ongoing projects and developing mines, Tanzania’s estimated gold reserves have been calculated at a conservative total of Tanzania now has proven gold reserves in excess of 36 Moz (1000 t).

Now most people wonder well that's great but why is gold so important? Well there are a few reasons why gold is such a hot topic these days. Throughout history, people have valued gold. It is particularly valuable when the value of one's own currency becomes worthless. Gold has always been a staple of global currency, a commodity, an object of beauty and an investment. Unlike a currency, the value of gold cannot be affected by the economic policies of the issuing country or undermined by inflation in that country. The gold market is deep and liquid, as demonstrated by the fact that gold can be traded at narrower spreads and more rapidly than many competing diversifiers or even mainstream investments.

When looking at Lake Victoria Mining Company the one thing that jumps out at us is their projects. One of ther main projects which peaks our interest heavily is their "Singida Gold Project". The Singida Project Contains an estimated 1,426,849 ounces of gold! That whopping number is not even the tip of the iceberg there are also undiscovered subsurface gold vein sets where in which Lake Victoria will uncover more possible gold and many other natural resources. The other is their "Kinyambwiga Gold Project" The Kinyambwiga Gold Project (PL 4653/2007) contains 30.89 square kilometers and has two main focus zones of interest: a northern zone with known "alluvial" deposits and a southern zone with significant artisanal activity.

Recently Lake Victoria Mining Company have been busy conducting pre-drill exploration at the Singida Gold Project to determine the undiscovered sub surface gold vein sets & economic resources.

Also take a gander at their most recent share structure:

As of May 21, 2010, LVCA has a total of 68,500,575 shares issued and outstanding. We estimate the public float to be approximately 5,700,000 shares with an average share price of $0.65 or more.

Overall with gold rising and LVCA hard at work this is the time to set your sights on this "hot commodity".

So be sure to put LVCA on your screens tomorrow morning as we expect to see increase investor interest ahead

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wolyton
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LVCA is looking good today,dont think its gonna slow any

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what i post is my opinion

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wolyton
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some info:

GOLDEN, COLORADO, May 25, 2010 (MARKETWIRE via COMTEX) -- (OTCBB: LVCA) - Lake Victoria invites the first 96 callers to join the company's President, Dr. Roger Newell and Clive King, Senior Geological Consultant, today live, to hear the company's strategic plans and focus for the next 3 months, 6 months and one year.
Answers to the following questions and more will be discussed:

Where is the Company's focus?

Is the Company focused solely on the Singida-Londoni gold project or is there other potential within Lake Victoria's property portfolio?

Does the company's management have what it takes to lead the company to financial success?

How soon does the company expect to have a gold reserve?

What can shareholders look forward to over the next 12 months?

Join us live today Tuesday, May 25, 2010 at 4:05 PM EST by calling: 1-218-336-3900 Room: 767741#

About the Company

Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com.

Disclaimer: This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other conditions that may arise.

--------------------
what i post is my opinion

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luckylindy
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LVCA 3rd. PR today: Lake Victoria Schedules Another Live Conference Call: Wednesday, 11:00 AM EST
The Company's Strategic Plans and Focus Discussed With President, Dr. Roger Newell Ph.d and Clive King, Senior Geological Consultant


Companies:
Lake Victoria Mining Company, Inc.

Press Release Source: Lake Victoria Mining Company, Inc. On Tuesday May 25, 2010, 8:20 pm
GOLDEN, COLORADO--(Marketwire - 05/25/10) - (OTC.BB:LVCA - News) - Lake Victoria once again invites the first 300 callers to join the company's President, Dr. Roger Newell and Clive King, Senior Geological Consultant, Wednesday morning at 11:00 AM EST, to hear the company's strategic plans and focus for the next 3 months, 6 months and one year.
Answers to the following questions and more will be discussed:
Where is the Company's focus? Is the Company focused solely on the Singida-Londoni gold project or is there other significant resource potential within Lake Victoria's property portfolio?
Does the company's management have what it takes to lead the company to financial success?
How soon does the company expect to have a gold reserve?
What can shareholders look forward to over the next 12 months?
Join us live on Wednesday, May 26, 2010 at 11:00 AM EST by calling:
1-213-289-0500 Room: 731733#
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio.
Disclaimer: This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other conditions that may arise.
Contact:
Contacts:Lake Victoria Mining Company, Inc.Dr. Roger A. Newell303-586-1390info@lvcamining.comwww.lakevictoriaminingcompany.com

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oneleg
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very posible with a stong afternoon like We had yesterday We could hit above the .60 mark easy!!!
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oneleg
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With outstanding volume and Gold prices going up IMO We are going to have a great day
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luckylindy
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Lake Victoria Mining Company, LVCA.OB is trading up today 8.8% at $.62 on volume approaching 500K shares. This also represents $300,000 in investor confidence pouring into this solid mining company.

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=LVCA


http://stockcharts.com/h-sc/ui?s=lvca

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wolyton
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Great day today had a nice close

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what i post is my opinion

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wolyton
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GOLDEN, COLORADO, May 25, 2010--Lake Victoria Mining Company, Inc. (OTCBB: LVCA) - In preparation for drill targeting and the mobilization of a drill rig to Singida-Londoni Gold Project, detailed exploration work will begin shortly. This will maximize any dollars that may soon be spent on planning and implementation of an initial drill program on a pathway to a proven resource or gold production. Lake Victoria wishes to elaborate on the exploration works required at their Singida-Londoni project in central Tanzania.

At Singida-Londoni gold project, artisanal mining has been focused on a number of outcropping narrow gold-bearing quartz veins that strike for a length of +7km within a major northwest-southeast shear belt. These veins occur as boudins forming "pinch and swell" structures along strike within the shear zone. The shear zone has an average width of 1.4km. Electrical gradient array IP surveys (News Release 17 May 2010) indicated that a number of subsurface resistive bodies, thought to represent quartz veins, occur beneath the land surface covering some 400m width of the shear zone and as such would not have been identified by the artisanal miners. In such greenstone belts, the gold bearing quartz veins often occur as en echelon "packages" or "ladder vein sets" that may be formed within or discordant to the shear fabric. These sets often exhibit plunges or "ore shoots" and needed to be accounted for in creating the geological model and incorporated within any subsequent drill program.

In order to understand the overall distribution of subsurface gold bearing quartz veins, a soil sampling program has been designed on 400m spaced north-south sections with a sample interval of 50m to define the concentration of gold in the overlying soils. Sampling is to commence in the northwest corner of the licence in early June 2010, where a number of small scale mining licences (PMLs) are currently under exclusive option to LVCA, and continue across to the southeast corner of the project. A total of 700 samples will be initially collected and assayed for gold by Aqua Regia Digest Solvent Extraction at the SGS Laboratory in Mwanza.

The sampling program, consisting of 14 traverses amounting to 33.8 line-km, is expected to be completed by the end of the 2nd to 3rd week of June. However, samples will be submitted to the laboratory on a weekly basis and results should start to be made available by mid-June. Results are expected to indicate the presence of a number of gold-in-soil anomalies which would suggest the existence of subsurface gold bearing quartz veins and which in turn may be found to correlate with the IP anomalies. Once all the results of the program have been received, the geochemical data can be reviewed in its entirety and the implementation of the follow-up infill soil sampling can immediately begin across selected areas of the project. Currently this is planned on a 200m spaced section across the gold anomalies with the aim of further defining the concentration of gold anomalism. An additional 150 samples are expected to complete this phase of soil sampling by the end of June with results being available towards mid-July.

Mapping of the regolith, topography and soils form an integral part of the program in order to later understand the value of the soil result.

During the 1st phase of regional soil sampling, detailed mapping and channel sampling of the sidewalls of some of the artisanal pits will be undertaken in an attempt to understand the nature and structural controls of the gold bearing quartz veins. This will be further assisted by undertaking a number of short trenches of 1m wide by +10m in length, especially along strike from the mined quartz veins to determine the extend or "halo" of gold mineralization within the sheared rocks.

Once an assessment of the results of the soil geochemical sampling program has been made, trenching would be undertaken across the "eyes" of the anomalies along the north-south sections in order to further define the nature and cause of the soil anomaly as well as provide an in situ surface value of gold concentration. A total of 500 meters of trenching has been budgeted to fulfil this phase of exploration and will take 1 to 2 weeks to complete. The information, derived from detailed mapping of the trench walls, will provide invaluable insights into the geology and structure that host the gold mineralization, and in turn will contribute to the building of the geological model.

Depending upon the thickness of the overlying soils, trench depths will vary between 1 to 3m and may be up to 50 to 100m in length, especially if the results of infill soil sampling reflect a wide surface anomaly. Where saprolite is present beneath the soil or laterite cover, trench depths will commonly extend to 3m.

Although the in-situ rocks are often decomposed within the saprolite horizon, the structural imprint is often well preserved and is measurable. Horizontal channel samples of 2m will be collected along the sidewall just above the base of the trench and submitted for Fire Assay analysis at SGS Laboratory, Mwanza.

All these work results could later be incorporated into an ore resource calculation should it be found from subsequent drilling that a resource is present, with the aim of establishing an initial inferred resource that would be acceptable within the guidelines of the CIM 43-101 reporting practises.

Positive drill results will represent an important milestone for Lake Victoria on the path towards a proven resource or gold production.

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what i post is my opinion

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wolyton
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We may be ready for a nice bounce!

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what i post is my opinion

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