{
  "id": 5363975,
  "title": "Lake Victoria Gold Reports High-Grade Gold Intercepts at Imwelo as It Advances Metallurgical Testing",
  "url": "https://urgent.news/2026/09/03/lake-victoria-gold-reports-high-grade-gold-intercepts-at-imwelo-as-it",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T16:16:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/commodities/articles/lake-victoria-gold-reports-high-161602054.html"
  },
  "original_language": "en",
  "account": "Lake Victoria Gold Ltd. has announced high-grade gold intercepts at its Imwelo Gold Project in Tanzania. The drilling at Area C, planned for initial open-pit mining, returned 28.71 g/t gold over 2.75 meters from hole IMWDR029 and 12.20 g/t gold over 4.50 meters from hole IMWDR028. Individual quartz-vein samples within these intervals showed even higher grades, such as 142.90 g/t gold over 0.50 meters in hole IMWDR029 and 124.83 g/t over 0.40 meters in hole IMWDR028. The results come from eight diamond drill holes covering 225 meters across roughly 240 meters of strike in Area C. The company plans to use the drilling results to refine mining area and processing plans. Lake Victoria Gold is also testing the weathered, clay-rich material near the surface using metallurgical testing, aiming to determine whether clay removal could improve processing performance. The tests will compare untreated material with ore subjected to washing, desliming, and attrition scrubbing, followed by desliming. The findings will inform the project's process flowsheet and plant design. The weathered zone can extend 40 to 60 meters below the surface, making its processing characteristics crucial for a potential open-pit operation. Phase 1 earthworks have started, including access-road improvements and plant-site footprint preparation. Once the weathered-ore testing is complete, Lake Victoria Gold expects to select a preferred front-end treatment approach and incorporate the results into the process flowsheet and plant design.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}