Lake Victoria Mining Company, Inc.: Kalamela Project Identifies Gold Target & Plans Exploration Follow-Up, Tanzania
17 September 2008 - 5:30AM
Marketwired
Lake Victoria (OTCBB: LVCA) is pleased to announce that initial
prospecting results from the Kalamela project in northern Tanzania
have identified a large gold anomaly in soil samples that covers an
area of about 2 km X 6 km. More than a thousand soil samples have
been collected in a total area exceeding 20 square kilometers.
Assay results from the soil samples have ranged from 20 ppb to 144
ppb and have indicated two significant geochemical anomaly trends,
northeast and north-south, similar to directions at the Kiabakari
and Buhemba gold mines. These initial prospecting results will be
followed up with a detailed ground magnetic survey and trenching
and pitting programs to further define this large gold anomaly and
to identify drill targets. Additional results will be provided as
they become available.
Geologically the Kalamela project consists of Precambrian
greenstone and granitic lithologies that are known to be important
host rocks for gold deposits in the Lake Victoria area of
Tanzania.
About the Company
Lake Victoria Mining Company, Inc. is a gold exploration company
focused on acquiring and exploring potential gold mineral deposits
or reserves in 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
Mining Company, Inc. currently holds an eighty percent ownership
interest in the Kalemela Gold Project along with Geo Can Resources
Company Limited (Tanzania) a subsidiary of Kilimanjaro Mining
Company, Inc. of Nevada. www.kilimanjarominingcompany.com.
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
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 Email: info@lvcamining.com Website:
www.lakevictoriaminingcompany.com
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