This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lake Victoria Retains Experienced Contractor And Operator To Commission The Kinyambwiga Small Scale Gold Mining Project, Tanzania, East Africa

Lake Victoria Mining Company, Inc. is pleased to announce that its wholly owned subsidiary, Lake Victoria Resources (T) Limited, has entered into an agreement with an experienced surface and underground mining contractor, Camlaren Mine Development, to construct, commission and operate the Company’s Kinyambwiga Gold project in northern Tanzania.

Camlaren’s experience lies in commissioning and operating small to medium size gold mines in frontier locations. The combination of Camlaren’s gold mining and recovery processing experience with Lake Victoria’s Tanzanian gold assets could expedite us to profitable gold production at one or more of the Company’s prospects.

With 35 years of mining experience, Mr Gerry Hess, Camlaren’s principal, stated “I am happy to have this opportunity to work with Lake Victoria and to bring one or more of the Company’s projects into production.”

David Kalenuik, Lake Victoria’s CEO said, “I am very pleased with this combination, and Gerry Hess provides an immediate, hands-on ability to successfully move us forward with turnkey mining and gold recovery operations not only at Kinyambwiga, but potentially at three of our other small scale gold mining prospects. Mr Hess has already begun to locate possible sources of equipment, and his record indicates that he has strong technical skills and personnel team building skills necessary to successfully work in international locations.”

The following is a brief list of some of the open pit and underground mines where Mr Hess has personally worked during the past 25 years as either Supervisor, Superintendent, Mine Manager, or as a Contracting Developer for complete project production through construction, mining, processing and commissioning.

Snap Lake Diamond Mine, NWTCusac Gold Mines Table Mountain Property, Cassiar, B.C.Tyhee Resources Ormsby Project, NWT (former Discovery Mine)Fireside Minerals Ltd., Watson Lake, YukonCon Mine, Yellowknife, NWTGiant Yellowknife Mines, Yellowknife, NWT

Camlaren Mine Development is known for their efforts in minimizing a projects environmental footprint; supporting sustainable community initiatives; being cautious with shareholder money and for seeking ways to use company’s resources efficiently.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs