Lake Victoria Officially Receives Mining License for Kinyambwiga Open Pit Gold Project, Tanzania
2014年6月3日 - 11:22PM
ビジネスワイヤ(英語)
Lake Victoria Mining Company Inc. (OTCBB: LVCA) is pleased to
report that its wholly owned Tanzanian subsidiary, Lake Victoria
Resources (T) Ltd, has officially been issued Mining License
ML520/2014 by the Tanzanian Government in respect to the Company’s
proposed Kinyambwiga open-pit gold project in northern Tanzania.
The official license was received on June 2nd, 2014, which follows
the earlier project approval notice issued on April 1st, 2014 (see
Lake Victoria’s press release dated April 3rd, 2014) and the
Environmental certificate which was approved on the 9th January
2014.
The mining license covers an area of approximately 5.12 square
kilometers and remains in force for the period of ten years, under
the terms of the mining license the Company can now search for,
mine, dig, mill, process, refine, transport, use and or market Gold
under the Mining license area and execute such other works as are
necessary for that purpose. Receiving the mining license allows the
Company to raise the estimated $3,000,000 capital investment needed
to proceed with the mine development. This will take the Company
from exploration into gold production.
Readers of this news release are encouraged to visit the “LVCA
Media Room” on the Company’s corporate website for audio and video
updates on the Kinyambwiga and other Company projects.
Clive King, P. Geo., a Qualified Person as such term is defined
in Canadian National Instrument 43-101, has reviewed and approved
the information in this news release. Clive King is a registered
Professional Geologist with the South African Council of Natural
Scientific Professions (Pr.Sci. Nat. Reg. No. 400065/09).
About the CompanyLake Victoria Mining Company, Inc. is
working to create another gold mine in the world famous Lake
Victoria Greenstone Belt, Tanzania, East Africa. Tanzania, which is
Africa’s fourth largest gold producer behind South Africa, Ghana
and Mali, also has reserves of uranium, nickel and coal. Gold
exports alone earned Tanzania $1.076 billion in 2009, up from
$932.4 million the previous year. Lake Victoria holds nine
prospective gold projects within its Tanzania property
portfolio.
Additional information regarding the Company is available on the
corporate website at: www.lakevictoriaminingcompany.com or by
contacting:
Lake Victoria Mining Company, Inc.
David T. Kalenuik, CEO & President
Phone: 303-586-1390
Email: info@lvcamining.com
Disclaimer
This news release may contain forward-looking statements or
information within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and within the meaning of
Canadian provincial securities laws applicable to the Company.
Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to
future events. Forward-looking statements or information are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the
forward-looking statements or information, including, without
limitation, risks and uncertainties relating to obtaining financing
to meet the Company's exploration programs and operating costs
during its exploratory stage, the interpretation of exploration
results and the estimation of mineral resources and reserves, the
geology, grade and continuity of mineral deposits, the possibility
that future exploration, development or mining results will not be
consistent with the Company's expectations, accidents, equipment
breakdowns, title matters, or other unanticipated difficulties with
or interruptions in production and operations, the potential for
delays in exploration or development activities or the completion
of feasibility studies, the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, currency fluctuations, regulatory
restrictions, including the inability to obtain mining permits and
environmental regulatory restrictions and liability, the
speculative nature of mineral exploration, dilution, competition,
loss of key employees, and other risks and uncertainties, including
those described under "Risk Factors" in the Company's Annual Report
on Form 10-K filed on June 28, 2013, which is on file with the
Securities and Exchange Commission, as well as the Company's
periodic filings available at www.sec.gov and with Canadian
Securities Administrators at www.sedar.com. Should one or more of
these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking
statements or information. The Company does not undertake any
obligation to release publicly revisions to any "forward-looking
statement," to reflect events or circumstances after the date of
this news release, or to reflect the occurrence of unanticipated
events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors - The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms on this press release, such as "mineralized zones"
which the SEC guidelines strictly prohibit U.S. registered
companies from including in their filings with the SEC. U.S.
Investors are urged to consider closely the disclosures in our
annual report on Form 10-K. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any of the
securities of the Company in the United States, nor shall there be
any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities offered have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws and may not be offered or sold
within the United States or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or unless an exemption from such
registration is available.
Lake Victoria Mining Company, Inc.David T. Kalenuik,
303-586-1390CEO & Presidentinfo@lvcamining.com
Victoria Lake (CE) (USOTC:LVCA)
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Victoria Lake (CE) (USOTC:LVCA)
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