Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – USA News Group News Commentary – Gold mining equities outperformed the metal itself during 2025’s first seven months, with the NYSE Arca Gold Miners Index returning over 52% as systematic drilling programs advanced resource expansion across established districts[1]. The global gold mining sector continues strengthening fundamentals through technological integration and operational improvements, creating favorable conditions for companies executing multi-phase development programs while advancing toward production milestones[2]. Against this backdrop, companies progressing resource definition through active drilling while securing strategic partnerships with major producers are capturing investor attention, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF), Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NFG), and Liberty Gold Corp. (TSX: LGD) (OTCQX: LGDTF).
Leading investment banks project gold reaching $5,055 per ounce by late 2026, driven by sustained central bank accumulation that totaled 634 tonnes through September 2025[3]. The combination of elevated gold prices and strategic partnerships between established producers and development-stage companies creates advantageous conditions for advancing drill-defined resources while exploration funding arrangements provide non-dilutive capital, positioning systematic drilling programs and production expansion initiatives for substantial value creation as the sector enters its next growth phase[4].
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:
West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) has reported steady progress at its Madsen Mine, with October ore production increasing 24% compared to the prior month following the implementation of underground waste rock storage. The company has strengthened site leadership with the addition of experienced mining professionals including a new Mine General Manager, Chief Engineer, Mill Manager, and Senior Operations Manager.
“We have worked diligently through the stages and challenges of mine ramp up, always focused on getting the Madsen Mine into full scale operations early in 2026, and we are now in sight of that goal,” said Shane Williams, President and CEO of West Red Lake Gold. “Seeing ore production increase 24% in October month-over-month after initiating the underground waste rock storage program reinforced the impact of final site projects in advancing towards commercial production.”
Rolling stock deliveries are nearly complete with the final 42-tonne haul truck expected in the coming weeks, while a new maintenance shop has been delivered to support the mobile fleet. With daily tonnage now tracking toward commercial production levels expected in early 2026, the high-grade Madsen Mine continues advancing through the final stages of ramp-up in Ontario’s Red Lake Gold District.
Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) has reported Q3 2025 results with gold production of 23,371 ounces at an AISC of $1,958 per ounce sold and revenue of $68.9 million from unhedged sales at an average realized price of $3,375 per ounce. The company maintains strong liquidity of $115.3 million including $85.3 million in cash, with its Stage 1 hard rock expansion remaining on budget and on schedule for first gold in early December.
“Q3 was highlighted by another quarter of positive earnings driven by higher gold prices realized on our unhedged sales,” said Patrick Downey, President and CEO of Orezone. “We expect fourth quarter gold production to be much improved from more mining access to better grade oxide zones and the start-up of hard rock processing.”
Commissioning activities for the new hard rock plant at the Bomboré Mine have commenced with ore introduction expected later this month. Combined oxide and hard rock operations are forecast to deliver record gold production of 170,000 to 185,000 ounces in 2026, with the Bomboré team having completed engineering and construction in under 17 months.
New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NFG) has reported strong infill and expansion drilling results at the K2 zone of its Queensway Gold Project in Newfoundland, with highlights including 16.7 g/t gold over 12.25 meters and 5.32 g/t over 18.85 meters from the Phase 1 open pit infill program. The company has completed 5,777 meters of drilling across 46 diamond drill holes at the K2 and Jackpot zones as part of its 2025 campaign, which is now over 85% complete.
“Infill drilling of the AFZC Phase 1 open pits at K2 and Jackpot at Queensway continues to demonstrate good continuity of gold mineralization and a good correlation with the initial MRE,” said Melissa Render, President of New Found Gold. “As part of this phase of our 2025 campaign, we drilled deeper than the previously tested limits of mineralization at K2. We were encouraged to encounter a broad interval of gold mineralization, highlighting the zone’s potential for expansion to depth.”
The results confirm good continuity of gold mineralization at K2 and demonstrate strong correlation with the existing mineral resource estimate block model, with drilling identifying promising regions of high-grade mineralization to be evaluated during an updated resource estimate planned for the first half of 2026. Looking ahead, drilling at K2 in 2026 is planned to focus on converting Phase 2 open pit inferred resources to indicated and advancing drilling on underground mining panels, while the 70,000-meter drill program remains on track to finish all proposed drilling in the fourth quarter of 2025.
Liberty Gold Corp. (TSX: LGD) (OTCQX: LGDTF) has commenced Feasibility Study engineering at its Black Pine Oxide Gold Project in Idaho, following successful completion of the Preliminary Feasibility Study in October 2024. M3 Engineering & Technology Corp. has been re-engaged as lead consultant alongside key partners including SLR Consulting Ltd., AGP Mining Consultants Inc., and Knight Piésold Ltd., all previously engaged during the PFS phase to ensure technical continuity.
“We are excited to move into the feasibility engineering phase for Black Pine,” said Jon Gilligan, President and CEO of Liberty Gold. “Continuing with much of the same technical team that delivered the PFS provides consistency, efficiency, and confidence as we advance the Feasibility Study.”
The contracting process included comprehensive review of proposals from multiple qualified firms, culminating in selection of the most technically aligned partners for the next development stage. With a strong technical foundation, experienced in-house team, and solid funding position, Liberty Gold is well-positioned to deliver the Feasibility Study in early Q4 2026 and move decisively toward construction readiness.
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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). This article is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). Neither BAY nor MIQ has been paid for the mention of West Red Lake Gold Mines Ltd. nor do we own any shares of West Red Lake Gold Mines Ltd. Neither BAY nor MIQ has been paid for the mention of Orezone Gold Corporation nor do we own any shares of Orezone Gold Corporation. Neither BAY nor MIQ has been paid for the mention of New Gound Gold Corp. nor do we own any shares of New Gound Gold Corp. Neither BAY nor MIQ has been paid for the mention of Liberty Gold Corp. nor do we own any shares of Liberty Gold Corp. MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. (“BAY”) There may also 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 MIQ/BAY own shares of Lake Victoria Gold Ltd and 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 MIQ on behalf of 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://sprott.com/insights/gold-miners-shine-in-2025/
2. https://farmonaut.com/mining/gold-mining-industry-2025-global-market-size-stats
3. https://www.mining.com/why-analysts-see-5000-gold-price/
4. https://discoveryalert.com.au/junior-mining-stocks-undervaluation-2025-opportunities/
