Lake Victoria Mining Company, Inc. (OTCBB:LVCA)(the “Company”) announces the successful completion of the second round of Reverse Circulation drilling at its Singida gold project in Tanzania.
Infill drilling was undertaken on 40 meter spaced drill fences across the four artisanal mining sites at Sambaru 2 through to Sambaru 5 in order to better define the grade and continuity of the gold mineralization previously delineated during Phase 1 drilling that was completed in October, 2010.
A total of 9,023 meters of reverse circulation drilling, amounting to 93 boreholes have been drilled at both the artisanal mine sites as well as exploring a number of soil anomalies within the Singida northwest trending shear zone (see Press Release 10 th March 2011). All boreholes, collared along northeast trending drill fences, are inclined at -50 degrees to -65 degrees either to the northeast or to the southwest.
Notable results included 42.71g/t Au over 2 meters; 7.35g/t Au over 4 meters; 5.45g/t Au over 8 meter; 4.27g/t Au over 5 meters, 6.22g/t Au over 3 meters, 5.05g/t Au over 3 meters, 2.64g/t Au over 46 meters and 1.05g/t Au over 18 meters . A number of higher grade zones are included in these intervals and are listed in Table 1. A tabulation of the new results will be posted on the Lake Victoria corporate website.Two of the three exploration targets were investigated by drilling. The 2 nd zone of mineralization located some 180 meters south of the main mineralized zone at Sambaru 5 was intersected but was found to be narrow and of low grade running 1.04 g/t gold over 1 meter. Similarly, the +100 ppb gold soil anomaly located mid-way between Sambaru 3 and 4 returned anomalous results with only one narrow intersection of 1.57 g/t gold over 1 meter being encountered. No follow-up drilling was undertaken on either of the two targets. Table 1. Summary of Reverse Circulation Drill Results from Sambaru 2, 3, 4 and 5
|Hole No.||Total Depth (m)||Section||Azimuth (deg)||Decline (deg)||From (m)||To (m)||Interval (m)||Grade (Au g/t)|
|(including 1m @20.30 g/t Au)|
|(including 1m @12.10 g/t Au)|
|(including 1m @11.00 g/t Au)|
|(including 3m @9.75 g/t Au)|
|(including 1m @11.90 g/t Au)|
|(including 2 m@ 6.11g/t Au)|
|(including firstname.lastname@example.org/t Au)|
|(including email@example.com/t Au)|