Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – Baystreet.ca News Commentary – Gold explorers are reporting major discovery breakthroughs across multiple jurisdictions this month, with China announcing its largest single gold find in seven decades at 1,444 tonnes[1] while drilling programs accelerate globally as producers capitalize on favorable pricing to expand exploration budgets. Against this backdrop of intensifying exploration activity and strengthening partnerships between majors and juniors, companies advancing resource definition through active drilling programs while securing strategic earn-in agreements are capturing investor attention, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF), Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF), and Elemental Royalty Corporation (TSXV: ELE) (OTCQX: ELEMF), and Ivanhoe Electric Inc. (NYSE-American: IE) (TSX: IE).
Leading investment banks project gold reaching $5,055 per ounce by late 2026, with JPMorgan and Goldman Sachs both forecasting identical targets driven by sustained central bank accumulation that totaled 634 tonnes through September 2025[2]. The combination of record equity fundraising exceeding $6.7 billion in Q3 2025[3] and major producers allocating tens of millions toward earn-in exploration programs creates favorable conditions for companies executing systematic drilling campaigns while established partnerships advance multi-year exploration commitments on high-potential targets.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has received a Q3 2025 exploration update from Barrick Mining’s Bulyanhulu operation, detailing significant progress across six licenses acquired from LVG in 2022 under an Asset Purchase Agreement. The work advances the search for Bulyanhulu-style mineralization within the Tembo Inlier, with exploration spending now totaling US$6.66 million of a committed US$9 million program—positioning LVG shareholders for potential contingent payments tied to future discoveries.
During Q3, Bulyanhulu completed 94 line-kilometers of gradient array induced polarization surveying, with results being integrated into updated structural and stratigraphic models. Aircore drilling also commenced at the Enze target, with 19 holes totaling 419 meters completed to date as part of a planned 945-hole, 30,750-meter program. Early logging has identified a 15-meter regolith profile over basalt and felsic tuff sequences, including quartz-veined and moderately foliated argillite intercalations. Additional diamond and RC drilling is now being planned along the Itetemia trend, targeting potential repetitions of the Reef 1 and Reef 2 horizons that could indicate major gold systems.
"The Q3 results from Barrick highlight a systematic and technically strong approach to unlocking the Tembo geology," said David Scott, Managing Director Tanzania & Director of Lake Victoria Gold. "The GAIP survey, the extensive aircore program, and the planned diamond and RC drilling all target the same core objective—vectoring toward Bulyanhulu-style mineralization within the Inlier."
Under the Asset Purchase Agreement, LVG retains exposure to up to US$45 million in contingent milestone payments from Barrick, subject to future discoveries or defined resource thresholds on the sold licenses. With Barrick and the Government of Tanzania now two-thirds through the committed exploration spend, the technical work is advancing toward critical decision points that could unlock significant value for LVG shareholders without drawing on the company's own treasury.
In parallel, Lake Victoria Gold continues to advance its fully permitted Imwelo Gold Project, where a second drill rig was recently mobilized to accelerate a 4,000-meter program at Area C. The company has also secured critical regulatory milestones, including an agreement in principle with the Government of Tanzania on the statutory 16% free carried interest framework and environmental approval of its Updated Environmental and Social Management Plan.
With gold prices above $4,300 per ounce, Lake Victoria Gold is executing a dual-track strategy: developing Imwelo toward first production within 12 months of construction while maintaining optionality through Barrick's fully funded exploration at Tembo. Recent financing totaling $8 million supports work programs designed to activate the pre-paid forward purchase facility with Monetary Metals, enabling non-dilutive construction financing at Tanzania's next emerging gold producer.
NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.
CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/
In other industry developments and happenings in the market include:
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) has achieved a significant eastward extension at its Hat Polymetallic Deposit in northwestern British Columbia, with diamond drill hole DDH351 intersecting 7m at 5.1 g/t gold from 135.7m depth, including 0.9m at 19.5 g/t gold. The drilling has extended the high-grade mineralized zone by 320 meters eastward, building on previous exceptional results that included 11m at 33.0 g/t gold, 6m at 13.3 g/t gold, 5m at 24.5 g/t gold, and 12m at 27.7 g/t gold.
"These new drill results represent a major step forward in understanding the true scale of the Hat Deposit," said Farshad Shirvani, President and CEO of Doubleview Gold Corp. "The 320-meter eastward extension, combined with probable continued mineralization beyond the current limits of drilling, highlights the significant expansion potential of the system and positions Doubleview for a meaningful resource upgrade."
The company has closed the final tranche of its non-brokered private placement for total gross proceeds of $7.2 million to advance exploration at the Hat Project. The mineralized zone at Hat now extends 250 meters along strike and remains open at depth and along strike, with the deposit hosting major resources of copper, gold, cobalt, and scandium potential estimated at 300 to 500 million tonnes.
Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) has extended the high-grade zone down-dip at its Machichie NE target in Brazil's Cuiú Cuiú Gold District, with diamond drill hole DDH351 returning 7m at 5.1 g/t gold from 135.7m depth, including 0.9m at 19.5 g/t gold and 0.7m at 6.2 g/t gold in primary intrusive rock. This intercept extends the mineralized zone an additional 50 meters down-dip from previous drilling that returned exceptional grades including 11m at 33.0 g/t gold, 6m at 13.3 g/t gold, 5m at 24.5 g/t gold, and 12m at 27.7 g/t gold.
"The Machichie NE target at Cuiú Cuiú is located only 150m NE of the Machichie Main discovery and 650m north of the MG gold deposit. Previous drilling at this target has returned very high-grade results including including 11m @ 33.0 g/t gold in RC0421, 6m @ 13.3 g/t gold in RC0449, 5m @ 24.5 g/t gold in DDH331 and 12m @ 27.7 g/t gold in RC520," said Alan Carter, President and CEO of Cabral Gold Inc. "The results from recent diamond drilling at this target are very significant and indicate that the mineralized zone continues at depth and along strike. The mineralized zone is now known to extend 250m along strike and remains open along strike and down-dip. Additional drilling is planned."
Gold mineralization has now been intersected along a northwesterly trend of at least 250 meters at Machichie NE, with the mineralized zone remaining open at depth and including a higher-grade quartz breccia in a well-defined structural zone. The company maintains NI 43-101 compliant Indicated resources of 12.29Mt at 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt at 0.50 g/t gold (216,182oz) in oxide material across its three main gold deposits, with drill results pending on multiple additional targets including Mutum, Mutum West, and Machichie Main.
Elemental Royalty Corporation (TSX-V: ELE) (OTCQX: ELEMF) has executed four option agreements with Ivanhoe Electric Inc. (NYSE-American: IE) (TSX: IE) for the Dragon's Tail, Copper King, Sleeping Beauty-Jasper Canyon, and Lomitas Negras projects in Arizona's prolific Laramide porphyry copper belt. Under the agreements, Ivanhoe Electric can earn 100% interest in the four projects over an eight-year option period through execution payments totaling US$240,000, option payments of up to US$2.3 million, and cumulative exploration expenditures of up to US$10.8 million.
"Elemental is excited to see Ivanhoe Electric advance these highly prospective properties," said David Cole, CEO of Elemental Royalty Corp. "The agreement with Ivanhoe Electric serves to reinforce our belief in the royalty generation model through exploration driven growth, progressing new potential royalties in the Laramide belt in Arizona with a tier-one operator."
Upon option exercise by Ivanhoe Electric, Elemental will retain a 2.5% net smelter return royalty on each project with 0.5% buyback rights for US$4 million per project, along with annual pre-production payments and milestone payments tied to resource announcements and feasibility studies. The projects target porphyry copper and gold mineralization in key mineral districts adjacent to major deposits including the Resolution copper deposit, with Bronco Creek Exploration Inc., a wholly owned subsidiary of Elemental, having acquired the properties through strategic staking of open ground in historical mining districts.
Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/
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DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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SOURCES CITED:
1. https://www.euronews.com/business/2025/11/14/china-reports-largest-gold-discovery-in-more-than-seven-decades
2. https://www.mining.com/why-analysts-see-5000-gold-price/
3. https://discoveryalert.com.au/gold-mining-investment-opportunities-2025-geopolitical/
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