Lake Victoria Mining Company, Inc.: Kalemela Gold Project Triples in Size With Two New Acquisitions, Lake Victoria Greenstone Belt, Tanzania.
Roger A. Newell Ph.D., President and CEO of Lake Victoria Mining Company, Inc. is pleased to announce that the Company has acquired, subject to final payment, two exploration licenses (PL 2910, PL 3006) contiguous with the existing Kalemela License PL 2747. Once the acquisition is complete, the Kalemela Gold Project will contain over 260 square kilometers.
Dr. Newell stated: "This acquisition is an important opportunity for the company to expand its footprint in this prominent, productive and highly prospective gold belt. I'm very pleased to obtain these properties so early in our development of the Kalemela Project. Our recent assay and magnetic survey results on the existing license, PL 2747, suggests important geological structures trend into these two new licenses. These additional licenses certainly add to the potential for a substantial discovery in this famous mining district."
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