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Lake Victoria Mining Company, Inc. (LVCA) news stock charts
Lake Victoria Mining Company, Inc. (LVCA/LVCA.OB) Investment Summary:
Lake Victoria Mining Company, Inc. engages in the exploration of mineral properties. It has an option to acquire a 100% interest in a gold property consisting of 1 mining license covering an area of approximately 70.72 square kilometers situated in Magu District, Mwanza region in northern Tanzania. The company was founded in 2007 and is based in Riverside, California.lake victoria mining co inc
(LVCA:OTC BB)
lake victoria mining co inc (LVCA) Snapshot
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Open
$0.04
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Previous Close
$0.04
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Day High
$0.04
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Day Low
$0.04
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52 Week High
06/20/12 - $0.12
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52 Week Low
12/12/12 - $0.0094
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Market Cap
4.4M
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Average Volume 10 Days
29.3K
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EPS TTM
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Shares Outstanding
114.6M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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LVCA:US Advanced Stock Chart
Related News
lake victoria mining co inc (LVCA) Related News
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Lake Victoria Mining Company, Inc. announced gold recovery test results from its Kinyambwiga project in northern Tanzania. Two gold bearing samples each weighing about 40 kilograms were tested by two independent metallurgical laboratories. The first set of test results were completed by Peacocke & Simpson Mineral Processing Engineers in Harare, Zimbabwe. The second tests were completed in Vancouver, British Columbia by Met-Solve Laboratories, Inc. Both laboratories are independent of each other and the Company. Testing found that Kinyambwiga's gold can be recovered by conventional and routine metallurgical methods, which will be used to design the project's most economical and optimal recovery process. Peacocke & Simpson results: The Peacocke & Simpson (P&S) sample had an average assayed head grade of 7.24 grams/metric tonne gold, and was tested for gold recovery by gravity, flotation and leaching methods. When the rock was crushed to 100% minus 1.0 millimeter the gravity gold recovery was 24.2%. With continued grinding so that 80% of the rock was less than 0.75 millimeters, the total gravity recoverable gold increased to 54.5%. Flotation of the gravity tails was undertaken using two different flotation reagents. Both methods, combined with the results of gravity recoverable gold returned gold recoveries of 81.0 and 83.8% respectively. Agitated leaching of the gravity tails recovered 84.1% of the remaining gold providing for an overall gravity and leaching recovery of 92.7% of the gold in the sample. These are laboratory results and actual mine site operational results may differ. Met-Solve results: The Met-Solve (MS) sample had an average assayed head grade of 9.80 grams/metric tonne gold. The rock was crushed and ground to 80% minus 0.071 millimeters and had a gravity recoverable gold content of 60.6%. Leaching of the gravity tails recovered 88.5% of the balance yielding a combined gravity plus cyanide leach recovery of 95.5%. Met-Solve then conducted: two recovery tests combining gravity and flotation methods using two different flotation reagents with recovery results of 85.2% and 85.6%. Two tests combining gravity with flotation, then followed by leaching of the flotation concentrates. These results were 84.0% and 84.2%. The complete Met-Solve -- Gravity, Flotation and Cyanide Leach Test Work report may be viewed on the company's corporate website in the Kinyambwiga Gold Project section.
Lake Victoria Mining Company, Inc. reported that Dr. David Ralph Webb has joined the Board Of Directors of the Company. David Webb is a registered Professional Geologist in the NWT Canada and has spent the past 25 years as president of DRW Geological Consultants Ltd. providing technical and operating services to companies in the mining exploration, development and production industry.
Lake Victoria Mining Company, Inc. announced the completion of a National Instrument 43-101 Technical Report for the Kinyambwiga, Murangi and Suguti properties. The company within the Technical Report, reports that 35 reverse circulation drill holes were completed by the Company at Kinyambwiga. Also reported for Kinyambwiga are an additional 21 reverse circulation and 377 rotary air blast holes that were completed by a previous company. Collectively these drill holes define a zone of mineralization that can be correlated on plan and in section over a 700 meter strike-length and to a depth of 90 meters below surface. While these correlations may be open to other interpretations, evidence suggests that the mineralized zone remains open along strike and down dip. A Conceptual Target of 600,000 to 1,000,000 tonnes of economically significant mineralization is present at grades of 1.50 to 2.00 gpt in three vein structures at the Kanunga 1 prospect on the Kinyambwiga property. This Conceptual Target is within the first 150 to 200 meters of surface and may contain 30,000 to 60,000 ounces of gold. Conceptual Targets are not Mineral Resources or Mineral Reserves and do not have demonstrated economic viability. Conceptual Targets need additional work or testing, and some or all of these targets may or may not become Mineral Resources or economically viable. Mineral resource and reserve estimates are affected by environmental, permitting, taxation, socio-economic, marketing, political, metallurgical, mining, and infrastructure issues. These issues are mainly economic impacts that have not yet been examined so are not discussed in this Technical Report.
Lake Victoria Mining Company, Inc. financial resources
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| LVCA:US | $0.04 USD | -0.0016 | |
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Industry Analysis
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| Valuation | LVCA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 12.2x | |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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More Recent Financial News About Lake Victoria Mining Company, Inc.
LAKE VICTORIA MINING COMPANY, INC. Files SEC form 10-Q, Quarterly Report
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Lake Victoria Mining Company Reports Progressive Exploration Plans For Gold Projects In Tanzania, East Africa
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acqu
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Lake Victoria Completes 9,023 Meter Phase 2 Drill Program
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Lake Victoria Mining Company Inc. Announces Otterburn Ventures Inc. Terminates Option Agreements
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 10-K, Annual Report
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Otterburn Ventures Inc. Closes Four Option Agreements with Lake Victoria Mining Company, Inc. to Acquire Properties in Tanzania; Previously Announced on May 10, 2011 and March 29, 2011
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statemen
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Lake Victoria Mining Company Inc. Signs Four Option Agreements with Otterburn Ventures, Inc.; With Aggressive Drill Program Underway
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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Lake Victoria Closes Private Placement for Proceeds of US$3,000,000
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 10-Q, Quarterly Report
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 10-K/A, Annual Report
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Lake Victoria Provides Corporate Update: Handeni Properties, NI 43-101 Reports and 2011 Exploration Strategy
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Financial
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Lake Victoria Reports Kinyambwiga Gold Drill Results, Northern Tanzania
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Professional Research on Shoshone Silver/Gold Mining Company and Lake Victoria Mining Company Inc. -- Gold and Silver Glittering
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LAKE VICTORIA MINING COMPANY, INC. Files SEC form 10-Q, Quarterly Report
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Lake Victoria Commences Drilling Program at Kinyambwiga Gold Project, Tanzania
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Lake Victoria Reports Final Phase One Gold Assays From the Singida-Londoni Gold Project, Tanzania
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