From CNN Money, USA
Dr. Roger A. Newell M.Sc., Ph.D., the newly appointed President and CEO of Lake Victoria Mining Company, Inc. (OTCBB: LVCA) is pleased to announce the company is acquiring an 80% interest in the Kalemela Gold Project in northern Tanzania.
While currently in Mwanza, Tanzania, Dr. Newell said "This is an important opportunity for the company to gain a foothold in a prominent, productive and highly prospective gold belt. The potential for a substantial discovery here is significant since the Lake Victoria Greenstone Belt contains properties with very large gold reserves. This is a mega district and new mines continue to be discovered and are relatively quickly moved into production."
Read more:
http://money.cnn.com/news/newsfeeds/articles/marketwire/0413884.htm
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