Lake Victoria Mining Company, Inc. is focused on acquiring, exploring and developing gold deposits in the world famous Lake Victoria Greenstone Belt in Tanzania, East Africa.

"Tanzania produced 50 tons of gold during 2009 and is the 4th largest gold producer in Africa, currently exploiting only four percent of its mineral wealth potential."

After a potential mining reserve has been identified and acquired by Lake Victoria Mining Company, it is immediately tested to verify its potential as a reserve - such is the Lake Victoria Mining Company guarantee. With its success in Tanzania, thanks to its flagship project, Lake Victoria Mining Company continues to commit itself to the exploration of mining reserves to better the global mining industry and provide profitable ventures for serious and dynamic financiers and investors.

 

Corporate Overview

Lake Victoria Mining Company's objectives quickly became focused, when its principals were introduced to experienced and talented Tanzanians in the field of geological mining and exploration.

The company quickly realized that there were tremendous benefits to be had, marrying the international investor to the peaceful country of Tanzania, its people and its mineral wealth. The talent of experienced Tanzanian geologists in mining and gold exploration, coupled with an experienced management team in the resource industry, created a very promising future for the company.

The focus of the company is to adhere to its acquisition criteria and only acquire prospecting licenses that can be developed into proven reserves or productive gold mines.

Lake Victoria Mining Company also values its role and responsibility to treat not only the natural resources of the country, but also every person, with the utmost respect in all aspects.

 

Financial Objective

The key objective of Lake Victoria Mining Company, is to identify and acquire mineral resource properties that have a high potential for a proven reserve, and to establish one or more proven reserves and progress from a resource and exploration company to a producing mining company.

Lake Victoria Mining Company has a knowledgeable management team in the resource industry, which is closely tapped into a reliable geological team on the ground in Tanzania. A strong strategic plan has been developed and implemented from the outset of the company.

Once a mineral resource property is acquired by Lake Victoria Mining Company, the immediate goal on each property is to conduct sufficient field exploration to establish a proven reserve. The value of a property containing a proven reserve is dramatically more than one with only exploration potential.

This allows the company to immediately take steps to either establish an operating full scale mine or make a sale of the proven reserve while still in the ground to a major mining company.

In either case the company will realize major leverage from its' initial mine investments in acquisition and field exploration from the the proven reserve.

 

Management

Lake Victoria Mining Company Inc. is strong and dynamic.

The Company has been founded on solid experience and has tapped into the talent and business management, of successful consultants, managers and business owners in the resource industry, both at home and abroad.

This has provided stability and the ability to act swiftly and to be responsive to economic trends in the resource industry that are emerging in the market place.

Dr. Roger Newel

President, United States of America
Dr. Roger Newell holds a Ph.D. in mineral exploration from Stanford University, and has more than forty years of experience in the mining industry. Dr Newell also holds a M.Sc. in geology form the Colorado School of Mines and is a past president of the Alumni Association. Dr. Newell is renowned internationally for recognizing the potential of the Carlin Trend in Nevada. Under his direction Newmont Mining Company established new exploration programs in Nevada, which ultimately lead to Newmont Mining becoming the world's largest gold producer and with Nevada operations yielding over 1,000,000 ounces per year. Dr. Newell served as Vice President of Development for Capital Gold Corp (US ticker symbol CGLD) from 2000 to 2007. He was President of CGLD's Mexican subsidiary, Minera Santa Rita, where he was responsible for bringing the company's El Chanate gold mine into production. He continues to serve as a member of Capital Gold's Board of Directors. Prior to his time at Capital Gold, he served as Exploration Manager/Senior Geologist for the Newmont Mining Company; Exploration Manager for Gold Fields Mining Company; and Vice President - Development, for Western Exploration Company. He joined Kilimanjaro Mining Company in October, 2007 as a Director and Vice President of Exploration.

Heidi Kalenuik

Secretary/Treasurer, Canada
Heidi Kalenuik has an extensive background in the precious mineral industry. This includes seven years experience in the diamond industry in South Africa. Owning and operating a multi-million dollar diamond company and cutting works, taking diamonds from rough to polished precious stones and finally into the marketplace. Travel through Africa to develop business relations and manage African business interests. Trading of African precious stones and gold with European and Asian entities. Three years administrative experience, working with over 150 private and public companies in British Columbia, Canada. The companies ranged from start up to Fortune 500 including a number of resource companies. Additionally Ms. Kalenuik serves as President for Kilimanjaro Mining Company.

Ahmed Magoma

Director, Tanzania
Mr Magoma is a senior geologist of 16 years having obtained a Bsc. in Geology from the University of Dar es Salaam, 1992. His experience encompasses projects that have been grassroots right through to mining production always focused on gold exploration. His experience has included working with Tanex, a subsidiary of DeBeers and other South African companies as a field geologist. He also worked with a consultant company to the Ministry of Energy and Minerals in Tanzania for a time (1995) to study the techniques of small-scale miners to enhance their production. His extensive experience in field geology prepared Mr Magoma to work with major gold companies such as Barrick, Randgold and Maiden Gold, as a project geologist. Prior to joining Lake Victoria Mining Company, Mr. Magoma was senior project geologist at Tanzanite Africa Ltd. He is also currently a Director in Kilimanjaro Mining Company, Inc. Mr Magoma has a Bsc. in Geology from the University of Dar es Salaam, 1992.

Ian A. Shaw

Director/Audit committee, Canada.
Mr. Shaw brings 35 years of experience as a financial officer of numerous mining and mining exploration companies. After a total of 18 years with Sherrit and Curragh, both producing mining companies with multiple projects, in 1993 he established Shaw & Associates with the objective of providing corporate finance, regulatory reporting and compliance services to clients that are typically junior public companies in the mineral resource industry. He has served on the Board of Directors and/or as Chief Financial Officer, depending on the need of the client. Companies served include Metallica Resources Inc., Black Hawk Mining Inc., Pelangio Mines Inc., Capital Gold Corporation, Pangea Goldfields Inc., Weda Bay Minerals Inc., Gammon Lake Resources Inc. and others. In addition to his directorship with the Company he is currently a director of Pelangio Exploration Inc. and Chief Financial Officer of both Richmond Minerals Inc. and Olivut Resources Ltd. He expects to spend about 15% of his time on the business of the Company.

Clive King

Senior Geological Consultant Kenya
Mr King holds a BSc honours degree from the University of Swansea, Wales and an MSc degree in Geology from the University of Johannesburg, South Africa. Mr King spent his earlier years from 1979 as an underground mine geologist at the polymetallic base metals mine at Tsumeb in northern Namibia with Tsumeb Corporation Limited, a subsidiary of Newmont Mining Company. In 1984 he joined the exploration team in the search for base metal in the surrounding carbonate terranes with Goldfields of Namibia Ltd. who had acquired Tsumeb Corporation Ltd in 1988. His work led to the discovery of the massive, rich Cu-Ag deposit and the subsequent underground mine at Khusib Springs. Mr King joined Samax Resources Ltd. in 1997 as Exploration Manager for their West African operations centered in Ghana. The Company was highly successful in the discovery of the Kukuluma and Madandani gold deposits in the Geita District of Tanzania which was subsequently acquired by Ashanti Goldfields Ltd. in 1998. Part of the original exploration team at Samax was incorporated into the new company of Axmin Limited which developed a number of exploration projects in Central African Republics, Ghana, Burkina Faso, Mali, Senegal and Sierra Leone. Mr King was primarily involved in the West African operations, successfully completing the feasibility of the Bouroum Gold deposit in Burkina Faso, which was acquired by High River Gold Ltd of Canada. He was involved in the initial exploration of the 500,000 oz gold deposit in Sierra Leone as well as a number of gold discoveries in western Mali.

 

Geological Team

Mr Magoma is a director in Lake Victoria Mining Company and also heads up a team of geologists that is based in the United Republic of Tanzania.

With 15 years of experience as a senior field and project geologist with some of the largest mining companies like Barrick, Randgold and Maiden Gold, Mr Magoma is fully capable of leading a powerful team in exploration and mining.

We are privileged to have such an accomplished and committed geologist directing our geological team in the country.

The following is a brief summary of the wealth of experience these geologists bring to Lake Victoria Mining Company as a team:

• The team has the expertise to identify gold, uranium and other mineral resource properties using disciplined criteria for acquisition, as outlined by Lake Victoria Mining Company.
  
  
• Within the group no geologist has under 5 years of experience with the most senior geologist having 30 years of experience in his field.
  
  
• All of the geologists have their degrees from the University of Dar es Salaam with one postgraduate degree from the Netherlands. The most senior geologists obtained their degrees from South Hampton, England and Western Australia University, respectively.
  
  
• This team of geologists has extensive experience from grassroots projects right up to advanced mining production, acquiring such experience working with established mining companies like Barrick.
  
  

The company has sought to enlist the talent of domestic geologists, due to their intimate knowledge of their own countries geology.

As a combined team of geologists they bring a completeness of talent in their field. Together they create a dynamic force for Lake Victoria Mining Company to identify resource properties, for acquisition and explore the proper resource property targets.

 

Mining Operations

GOLD Overview

On August 7, 2009 Lake Victoria Mining Company, Inc. completed a share exchange agreement with Kilimanjaro Mining Company, Inc. Lake Victoria has now expanded the Company's property portfolio to 11 Gold Projects consisting of 28 Prospecting Licenses (PL) and 54 Primary Mining Licenses (PML). All of these licenses are within the United Republic of Tanzania, East Africa.

LAKE VICTORIA MINING COMPANY IS FOCUSED ON THE FOLLOWING TWO PROJECTS IN IT'S GOLD PORTFOLIO:
SINGIDA GOLD PROJECT

This project combines 54 Primary Mining Licenses totaling approximately 11 square kilometers
Lake Victoria Mining Company is focused on near term production and defining sources of early gold production from mineralized material present in shallow underground small scale mine workings, surface tailing piles, and surface mine rock dumps.

Some recent Singida Project news headlines:

• Lake Victoria's Singida Geophysical IP Survey Identifies a Well Defined Anomaly.
  View details (PDF 126KB)
  
  
• Lake Victoria's Trenching Program Identifies Multiple New Parallel Veins at Singida Gold Project, Tanzania.
  View details ( PDF 126KB)
  
  
• Lake Victoria Mining Company Identifies Five Kilometer Long Gold Trend; Assay Results Average 7.1 Grams per Metric Ton from Underground Sampling, Singida Project, Tanzania.
  View details (PDF 126KB)
  
  

KINYAMBWIGA GOLD PROJECT (PL4653/2007)
This is the primary prospecting license of the Musoma Bunda Gold Project. It consists 30.89 square kilometers and if conditions and studies continue to be positive, it could soon be in production.

Some recent Kinyambwiga Project news headlines:

• Lake Victoria's Latest Trench Gold Assays Average 2.28 Grams per Metric Ton at Kinyambwiga Gold Project, Tanzania.
  View details (PDF 28KB)
  
  
• Lake Victoria's Trenching and Gold Assays Extend Projected Mineralized Vein to Two Kilometers at Kinyambwiga Gold Project, Tanzania.
  View details (PDF 35KB)
  
  
• Lake Victoria Mining Company's Leach Gold Assays Average 3.48 grams per metric ton at Kinyambwiga Gold Project, Tanzania
  View details (PDF 33KB)
  

 

URANIUM

Lake Victoria Mining Company has acquired 5 Uranium Projects consisting of 12 Prospecting Licenses (PL). These uranium licenses make up five different uranium blocks, based on a specific criteria for uranium exploration.

 

Tanzania Resource Wealth

Tanzania's mineral wealth borders on the fabulous:
Apart from Gold, Diamond and Gemstones, Tanzania has abundant mineral reserves of Nickel, Copper, Uranium, Kaolin, Titanium, Cobalt and Platinum and even SALT. That is why Tanzania has been attracting some of the largest mining companies in the world.
Since the 1990's, several major gold discoveries have been made and much larger mines are entering production. These developments and discoveries include the following:

Geita	20.0M oz Au	4.05 g/T Anglo Gold-Ashanti Ltd
Golden Pride	2.7M oz Au	2.6 g/T Resolute Mining
Bulyanhulu	19M oz Au	14.0 g/T Barrick
Tulawaka	1.7M tons	19 g/T Pangaea
Buckreef-Rwamagaza	1.9M oz Au	3.1 g/T Spinifex
Nyakafuru	0.14M oz Au	5.7 g/T Spinifex
Chocolate Reef - Buzwagi	2.4M oz. Au	2.3 g/T Anglo Gold-Ashanti Ltd-Pangaea
Golden Ridge	1.6M oz. Au	1.4 g/T Barrick-Pangaea
Kitongo	0.33M oz. Au	1.34 g/T Ashanti-Spinifex
Kukuluma-Matandani	1.96M oz Au	2.87 g/T Anglo Gold-Ashanti Ltd
North Mara	4.0M oz Au	3.17 g/T Placer Dome

 

Mineral Resources Endowments

Tanzania has a great potential particularly for gold, base metals, diamonds, ferrous minerals and a wide variety of gemstones, some of, which are unique such as tanzanites. Coal, uranium, and various industrial minerals such as soda, kaolin, tin, gypsum, phosphate and dimension stones are available at an attractive economic rates. The following are minerals that have attracted the most interest in the recent years. Details....

Tanzania has been the major focus of Africa's gold exploration and development over the past five years. As a result, the gold mining industry in Tanzania grew 27% in 1999, a major increase from the previous years' 17%. Up to 15% of Africa's exploration expenditure has been spent in Tanzania, thought to have Africa's largest gold reserves, after South Africa. Diamonds, gold, nickel and gemstones play key roles in Tanzania's growing minerals industry. However, nearly all major developments have been seen in the gold industry.

The Williamson Diamond Mine (also known as the Mwadui mine) is a famous diamond mine in Tanzania; it became well known as the first significant diamond mine outside of South Africa. The mine was established in 1940 by Dr. John Williamson, a Canadian geologist, and has been in continuous operation since then, making it one of the oldest continuously operating diamond mines in the world. Over its lifetime it has produced over 19 million carats (3,800 kg) of diamonds.

 

Tanzanite Most Important New Gemstone in 2,000 Years

The prices of tanzanite gemstones, found only in the Kilimanjaro foothills, continue to firm, a reflection of the rarity of this royal blue to violet hued mineral and the evolution of what is still a nascent global market. Tanzanite One Limited ("TanzaniteOne"), which is also involved in the cutting, polishing and marketing of tanzanite, is the largest-scale miner of the gemstone.Within the four colours making up the Tanzania flag the Golden colour represents the country's mineral wealth.

 

Investing in Tanzania Mining Properties

Tanzania's open door policy has added it to the list of countries that earn improved treatment by international insurance agencies. Mining is one of Tanzania's fastest growing sectors. It makes up at least half of the countries foreign exchange earnings each year. These measures have all assisted in attracting exploration capital to the country.

 

Here's What Tanzania Offers Investors

• Over 800,000 kilometers of varied geological terrains with potential mineral resources
  
  
• Ongoing exploration work resulting in discovery of resources in excess of 45 million ounces of gold, 1.5 million tones of nickel and 50 million carats of tanzanite.
  
  
• An Archaean shield environment with a number of classical Canadian and Australian type greenstone gold lode deposits, many capped by tropically weathered enrichment zones.
  
  
• An extensive Proterozoic terrain containing lode and near surface gold deposit types, now attracting exploration attention in South America, West Africa and elsewhere.
  
  
• Potential for epithermal gold deposits in the faulted younger rocks on the coastal plain.
  
  
• A world-class diamondiferous kimberlite at Mwadui and more than 200 other kimberlites, many of which are yet to be thoroughly evaluated.
  
  
• Scores of occurrences of high value coloured gemstones, such as emerald, ruby, tsavorite, sapphire, tanzanite, and alexandrite.
  
  
• A wealth of other opportunities in minerals, including coal, iron, tin, graphite, evaporates, kaolin, limestones, dimension stones, phosphates and gypsum.
  
  
• Recent history of production decisions by well-financed, international companies.
  
  
• Ample inventory of unexplored mineral ground.
  
  
• A comprehensive, systematically archived data base on geoscientific information and mineral resources.
  
  
• Minimal competition at present from large multinational mining firms.
  
  
• Globally competitive tax and regulatory regime for mining investors.
  
  
• Accelerated and simplified handling of investment proposals.
  
  
• Technical staff trained in various disciplines associated with mining.
  
  
• An abundant supply of labour.
  
  
• A peaceful working environment free of confrontations, ethnic strife and labour disputes.
  
  
• Well-established supporting services.

 

SPEECH BY H.E. JAKAYA MRISHO KIKWETE, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA, AT THE INVESTING IN AFRICAN MINING INDABA XII, CAPE TOWN, SOUTH AFRICA

February 6, 2007
"I will not be bragging in saying that my country, Tanzania, contributes a sizeable share of Africa's mineral wealth. Tanzania is richly endowed with minerals of all kinds. Almost every mineral known to exist in the earth's crust can be found in Tanzania, and some exist in large quantities. Tanzania offers a stable political environment with sound legal and fiscal policies. In terms of potential, the following is what we have to offer: Excess of 45 million ounces of gold, 1.5 million tonnes of nickel and 50 million carats of tanzanite..."

US Department of State
Monday, October 30, 2006
Tanzania has risen to Africa's third largest gold producer in less than a decade, and now this East African country's government wants to earn more from its privately controlled mining sector. Mining companies say Tanzania achieved its status in record time because of investor-friendly policies after decades of state control and small-scale mining. Companies-which mine gold, diamonds and other gems, nickel and other metals-pay royalties but no corporate taxes until they have recouped their initial investment.
(See Canadian Press: Tanzania Africa's third largest gold producer; government wants larger share)

 

Tanzania gives investors key concessions

"Tanzania yesterday rolled out the red carpet for investors, with President Jakaya Kikwete unveiling a raft of sweeteners for foreign capital".

"The formulation of the Mineral Policy in 1997 and enactment of a new Mining Act of 1998, which repealed the Mining Act of 1979, had remarkable impact on increase in investments in the sector."

Adding further confidence to the political stability are the country's policies that emphasize the importance of the private sector. Foreign and local investors including investors in mining are protected against nationalization.

 

GOLD

All gold licenses that Lake Victoria Mining Company, Inc. has acquired fall within the Lake Victoria Greenstone Belt. Over the last 12 years, the Lake Victoria Goldfield of northern Tanzania has been recognized as a world-class gold province and six large mines are now in production.
For example, the Bulyanhulu deposit, drilled and developed by Sutton Resources was purchased by Barrick Gold in 1999. The Bulyanhulu mine was completed in 2001 and produced 242,575 oz. of gold at a cash cost of $197 per ounce in its first year.

The Geita, mine which is a joint venture between Ashanti Gold and Anglo Gold produces 545,000 oz. per annum.

Golden Pride owned by Resolute of Australia produces 216,000 oz. per annum.

The surge of interest in the Lake Victoria Goldfield has been spurred by an economic and political climate hospitable to mining and business.

 

TANZANIA GOLD MINES

 

Acquisition Criteria

To maximize Lake Victoria Mining Company's success in identifying licenses that have a high potential of ending up with a economical "proven deposit" we proceed according to the following criteria. These criteria are our guidelines in qualifying a property for acquisition:
Lake Victoria Greenstone Belt

The license must be within Lake Victoria Greenstone Belt. The Greenstone Belt is famous in Tanzania and all over the world for its gold exploration and production. Currently there is over 50 million ounces of proven deposits and six (6) producing gold Mines within the Greenstone Belt. All these proven deposits or operating gold Mines are within a 200 km radius of Mwanza in Tanzania.
The license must have the potential to prove up 2 million plus ounces or must be within a reasonable and economic distance with other optioned licenses to allow a combining of more than one license to form a total cluster deposit that is 2 million plus ounces.

 

Mineralization Corridor

The license must exist within a significant mineralization corridor with a significant current or historical record of gold production. The corridor must have several gold occurrences in the same trend and similar mineralization style must occur within the license. An example of a mineralization corridor is Mrangi-Kiabakari-Nyasirori. All of these are old mines with a significant history of production. For example: Kiabakari before closing in 1966 had already produced over 8,810 kg's of gold. The Kiabakari is now owned by RandGold Resources (NASDAQ: GOLD) and has an estimated 900,000 ounces. Another example of a mineralization corridor is BUHEMBA-MAJI-MOTO-NORTH MARA owned by Barrick Gold Corp. (NYSE. ABX) with a proven 4 million ounce deposit.

 

Mines or Proven Deposits

The license must be adjacent to a known operating or abandoned mine or adjacent to an advanced project with other factors like structures and style of mineralization that should be present which can be interpreted from geophysics. Examples are the Geita gold mine, Buhemba and the Kilimafedha mining district.

 

Existing Artisanal Small Scale Mining Operations

Artisanal small scale workings are a very important starting point. Around the world almost all current large scale gold mines began by locating the artisan workings and then expanding exploration from them as a center. Examples within Tanzania are Bulyanhulu, Geita, North Mara, Golden Ridge, Buckreef, Golden Pride, Buzwagi and Nyakafuru gold mines. Licenses that have artisan workings will be given first priority for acquisition.

 

Singida Gold Project

The Singida Gold Project combines 54 Primary Mining Licenses (PML) and totals approximately 11 square kilometers. As of Oct 2009, gold values from 176 samples taken from 36 artisanal mines averaged 7.1 grams per metric ton; the veins (range from 0.3 - 2.0 meters wide) have a five kilometer length. If the veins continue to a depth of 250 meters, about 6 million tons of mineralized material might be present. Additional magnetometer surveying and associated trenching results points to the presence of multiple parallel veins and an extension of the main five kilometer strike which could expand the size potential by 2 or 3 times.

This image highlights the ground magnetic results in three dimensions and illustrates the parallel to sub-parallel nature of the vein structures

 

Small scale mining along the vein strike at Singida Gold Project

 

Picture of small scale mine shaft that reach depths of 50m

 

Three Dimensional Image of Singida Project

 

2m Gold Vein in the Singida Project

 

How much gold could be at the company's Singida project? If the single vein continues to a depth of about 800 feet (250 meters), about 6 million tons of gold mineralized material might be present with about 1/5 of an ounce per ton (7.1g/ton).

How much gold could there be and how do we figure it out? Assuming there is only one gold bearing quartz vein system with a mining width of only 6.5feet (2meters) and with a 3.10 mile (5km) gold mineralized strike length, mining to a depth of only 800feet (250m), assuming the rock density is 2.5t/m3 and a gold grade of 0.228 oz/ton (7.11 g/ton)...

The Singida Project contains 1,426,849 estimated ounces of gold.

Three Dimensional Magnetic Image of Singida Project
Singida Shaft Photos with Assay Results
Singida Summary Report of Activities June - Sept 2009

 

Kinyambwiga Gold Project

The Kinyambwiga Gold Project (PL 4653/2007) contains 30.89 square kilometers and has two main focus zones of interest: a northern zone with known "alluvial" deposits and a southern zone with significant artisanal activity. Work done to date includes soil sampling on selected areas, trenching and trench sampling, ground magnetic surveying, RAB/Air Core drilling and RC drilling, analysis of the known gold mineralization from artisanal mine activities and ground magnetic anomalies. Recent geologic mapping and trenching appears to have identified the veins over a length of about one-kilometer, and geophysics and reconnaissance drilling suggests the veins may extend up to two-kilometers.
As of Sept 2009, gold assays for 134 samples collected from 22 trenches averaged 2.28 grams per metric ton. Detailed leaching tests of near surface bulk samples collected in trenches averaged 3.48 grams per metric ton. Additional drilling and possible underground bulk sampling is planned for Kinyambwiga to advance the development of the property.

Location Map - Musoma Bunda Project

 

Regional Geological Map - Musoma Bunda Murangi Project

PL 4653 (KINYAMBWIGA) TRENCHING TECH REPORT - SEPT 2009
PL 4653 (KINYAMBWIGA) RAB DRILL ASSAY RESULTS - JAN 2009
PL 4653 (KINYAMBWIGA) TECH REPORT - DEC 2008
PL 4653 (KINYAMBWIGA) PROJECT UPDATE - OCT 2008

 

URANIUM

The presence of uranium minerals in Tanzania has been known for many years. However, prior to the airborne radiometric surveying, few occurrences were considered to have economic potential.

The airborne geophysics survey has identified over one hundred targets worthy of further investigation. For a complete technical report see:

With an increase in demand for uranium in recent years, the anomalies that have been identified in Tanzania and the close proximity of economically proven resources within Malawi make it more feasible than ever to give attention to Tanzania's ability to deliver a large scale uranium mine or mines.

To that end, Kilimanjaro Mining Company has entered into letters of intent to acquire, a significant number of square kilometers of potentially prosperous uranium licenses adhering to our acquisition criteria.

The interpretations of the survey data in terms of regional geology suggest that six types of deposits occur in Tanzania. These are discussed within the following table.

The Four Geological environments that contain potentially significant uranium prospects within Tanzania:

 

1. In sandstone mainly of the Karoo super group:

These are called sandstone uranium in appearance and mode of formation. The sandstone of the Karoo are reminiscent of the sandstone which hosts uranium deposits in South Africa and in the state of Colorado in USA. No systematic prospecting has been done in the Tanzania Karoo sand stones, but, such work could be very rewarding.

Madaba and Mkuju Prospects are significant uranium occurrences that were evaluated by Geosurvey International airborne and followed up with drilling that show a significant south-east uranium mineralization trend towards Lake Nyasa following the Tanzanian Karoo trough.

MADABA OCCURRENCE

Located in QDS 253, the Madaba area is part of Luwegu River Basin of the East African Karoo super group. The drilling by Geosurvey International (GmbH) was the product decision of the airborne radiometric survey. The best intersections have grades of 0.04% Uranium oxide over 11.7m, the richest contain 0.122% Uranium oxide over 1.6m from a depth 79.5 to 81.1m.

MKUJU OCCURRENCE

The Mkuju occurrence situated in QDS 278/3, 289/1 & 2 and 290/1. The geology consists of mainly sandstone. The investigations indicate over 10 Uranium and Thorium anomalies in the Area.
The Karoo trough in south east Tanzania advances to Malawi and is separated by Lake Nyasa with the Karoo on the other side of the lake having similar geology.

KAYEKERA PROJECT

The Kayekera deposit in the nearby country Malawi is 80 kilometers from the southern border of Tanzania. A notable recent mining development in Malawi has been Paladin Resources decision to commence feasibility study of its Kayekera uranium project, a sandstone uranium deposit in Northern Malawi, 80 kilometers from southern Tanzania border. It contained measured resources of 15,670 tons of uranium oxide @0.08% mostly within 100 meters of the surface.

KANYIKE PROJECT

This is an advanced project with the following:
High grade uranium rock-chip samples including 2909ppm Uranium oxide
Over 2.5km long +100ppm uranium oxide soil anomaly with 482ppm peak indicate significant shallow bedrock

LIVINGSTONE PROJECT

Sandstone hosted uranium mineralization was identified on the surface in three separate locations:
Rock chip channel samples in a trench gave 11m @ 226ppm uranium oxide;
1m @ 410ppm uranium oxide.
1.2km strike length associated with 4km long airborne radiometric anomaly

Advanced Uranium exploration projects in Malawi

The Malawi uranium occurrences and deposits occur in Karoo sandstone and they form a North TREND to the southern border of Tanzania. They are situated just along Lake Nyasa. Malawi is located in southern Africa in the rift valley surrounded by Tanzania and Mozambique. The country shares similar geology with its neighbors.

 

2. Calcrete related secondary environment in Quaternary deposit:

Located in central Tanzania in the Craton Basin.

Example at BAHI in Central Tanzania, British Geological survey of Tanganyika in 1953 drilled 6 boreholes. There was a significant intersection at 68m depth with 0.23% of Uranium oxide. The uranium was apparently contained in a felted layer of strontianite. No strontium analysis was performed. The world example of this is the Yeelirrie calcrete uranium deposit in Australia.

 

3. Gallapo carbonated:

It is situated between Lake Nyasa and Lake Rukwa. The ground radiometric survey conducted by GmbH gave an average of 1000 cps on a 400m long across the Northern carbonated dyke. The uranium samples on the dyke gave between 5 to 177 ppm of uranium oxide. The Gallapo carbonatite is situated just above Lake Rukwa which together with Lake Nyasa they have been formed from East African rifting.

 

4. Vein type uranium deposit:

At the unconformity between the Karagwe Ankolean and Bukoban

 

Social Responsibility

Lake Victoria Mining Company takes its role of good corporate citizen seriously.
Lake Victoria Mining Company immediately realized that working in Tanzania would be a refreshing opportunity, given the natural beauty of the country and the gentle nature of the Tanzanian people.

 

Investors

With its proven and experienced management, local knowledge and integration, and highly prospective gold properties, Lake Victoria Mining Company, Inc. represents a unique, early stage opportunity for qualified investors to participate in the creation of another gold mine in the world class Lake Victoria Greenstone Belt in Tanzania, East Africa.
Lake Victoria is a US domiciled exploration and development company, trading on the Nasdaq Over The Counter Bulletin Board under the trading symbol LVCA.

The company's corporate structure is as follows:

• Incorporated in Nevada, USA
  
  
• Authorized 100,000,000 common shares; 100,000,000 preferred shares
  
  
• 55,851,549 common shares issued and outstanding

5,000,000 ounces of gold times the current price of $1,156.00 divided by 55 million outstanding shares gives investors an EPS ready to take off.

If Lake Victoria Mining Company, Inc.'s (LVCA) Tanzania gold exploration proceeds as expected...

The per share price could go from .44 to $15.00+

 

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Contact LVCA.OB

www.lakevictoriaminingcompany.com
Address:
1781 Larkspur Drive
Golden, CO 80401
USA
Email: info@lakevictoriaminingcompany.com
Phone: +1 (303) 586-1390

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