Lake Victoria Gold reports maiden Tembo gold resource of 580,000 oz near Barrick Bulyanhulu mine

Reuters2026/08/11 07:02

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Lake Victoria Gold reported a maiden NI 43-101 mineral resource at its 100%-owned Tembo Gold Project in Tanzania, next to Barrick’s Bulyanhulu mine.
Resource totals 13.33 million tonnes at 1.12 g/t for 480,100 inferred oz; 2.69 million tonnes at 1.16 g/t for 99,700 indicated oz.
At a 1 g/t cut-off, Tembo retains 331,700 inferred oz at 2.15 g/t; 68,600 indicated oz at 2 g/t.
Ngula 1 holds 267,900 inferred oz; 62,700 indicated oz; targeted for 4,000-5,000 meters of close-spaced drilling on a 20 m by 20 m pattern.
Toll-milling talks with Nyati cover a 500-tonne-per-day plant to process near-surface Ngula 1 material, subject to drilling, permitting, financing, definitive terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lake Victoria Gold Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608110301NEWSFILECNPR____20260811_309119_1) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lake Victoria Gold reports maiden Tembo gold resource of 580,000 oz near Barrick Bulyanhulu mine

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