[Pkg-shadow-devel] lvca is worth the due diligence
info at myotcreport.com
Thu Oct 7 00:49:25 UTC 2010
Dear fellow investors,
Beat The Street Investment Marketing is pleased to bring LVCA (Lake
Victoria Mining Company) to the attention of our fortunate recipients.
~LVCA Investor Overview~
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 favorable circumstances for
qualified investors to participate in the creation of another gold mine in
the world class Lake Victoria Greenstone Belt in Tanzania, East Africa.
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
~LVCA Corporate Overview~
Lake Victoria Mining Company’s objectives quickly became focused, when
its principals were introduced to experienced and talented Tanzanians in
the area 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 group in the resource industry, created a very
promising future for the company.
The focus of the company is to adhere to its getting 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.
~LVCA Recent News~ (10/5/2010)
Lake Victoria Mining Company, Inc. ("Lake Victoria" or the "Company")
(OTCBB: LVCA) is pleased to provide a further detailed update on the
Reverse Circulation (RC) drilling program at the Company's Singida-Londoni
gold project in Tanzania. To date, 47 Reverse Circulation drill holes,
totaling 3,600 meters have been drilled on 3 of the 5 exploration targets
at the Singida-Londoni gold project and the drill continues to intersect
Drilling, to test the eastern end of the Sambaru 4 target (News Release
28th September, 2010) has been completed along two northeast-southwest
traverse lines spaced 120 meters apart. This area lies immediately to the
east of active artisanal mining.
At least two mineralized zones situated some 25 meters apart, as noted
from the distribution of artisanal workings, occur in the eastern end of
the target area. These zones appear to diverge to the west where they are
found to be some 50 meters apart on the western drill fence.
Two crossing or "scissor" holes, collared 90 meters apart on the
easternmost drill fence and designed to cross the mineralized zones, have
intersected a 9 meter wide oxidized shear zone some 40 meters down hole.
This intersection corresponds to the surface position of the artisanal
mines. Similarly, a deeper intercept of 8 meters, containing significant
amounts of arsenopyrite and pyrite, was encountered a further 30 meters
down hole and represents a vertical depth from surface of 70 meters.
Results of the western fence indicate that although the trend of these
oxidized shear zones continues along strike, their width may narrow toward
the northwest before increasing again in the central part of Sambaru 4.
The drilling rig is now located at the eastern end of the Sambaru 2
target, about 250 meters southeast of the initially drilled Sambaru 3
target (News Release 7th September 2010). Drilling is to test the grade and
extent of a number of mineralized zones along a strike length of about 560
meters. The drill fences will be spaced 80 meters apart. At least three
narrow oxidized shear zones with minor amounts of the metallic minerals
pyrite and arsenopyrite are present in the most eastern fence. Intense
artisanal mining activity is present in the central and western parts of
this Sambaru 2 target area; further up-dates will be provided as drilling
Roger Newell, president of Lake Victoria said, "The drilling program is
making good progress and finding the veins and shear zones present in the
artisanal mines; to date, Clive King and his geological group, have
completed about 60% of our planned Singida-Londoni drilling program and we
look forward to being able to publish the results shortly."
Assay results from the first consignment of samples submitted to the SGS
Laboratory in Mwanza are currently being tabulated and are expected to be
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