Facebook Users

Will LVCA go up?

LVCA Lake Victoria Mining Company, Inc. featured news, full reports, and detailed charts

Lake Victoria Mining Company, Inc. (LVCA/LVCA.OB) Wrap Up:

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.
www.lakevictoriaminingcompany.com
Founded in 2007

Lake Victoria Mining Company, Inc. (LVCA:OTC Bulletin Board Market)

LAST $0.81 USD
CHANGE TODAY +0.04 5.19%
VOLUME 25.6K
As of 3:52 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Lake Victoria Mining Company, Inc. (LVCA)

OPEN
$0.78
PREVIOUS CLOSE
$0.77
DAY HIGH
$0.82
DAY LOW
$0.78
52 WEEK HIGH
10/15/09 - $1.49
52 WEEK LOW
02/5/09 - $0.34
MARKET CAP
53.6M
AVERAGE VOLUME 3 mo
37.1K
DILUTED EPS TTM
$-0.43
SHARES OUTSTANDING
66.2M
LVCA Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

LVCA Top Compensated Officers

Dr. Roger A. Newell Ph.D
Chief Executive Officer, President, Principal...
Age: 66
Total Annual Compensation: --
Ms. Heidi Kalenuik
Secretary, Treasurer and Director
Age: 42
Total Annual Compensation: --

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Lake Victoria Mining Company, Inc. (LVCA)

Lake Victoria Mining Company, Inc. announced delayed 10-Q filing

On 11/16/2009, Lake Victoria Mining Company, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Lake Victoria Mining Company Inc. Announces of Exploration Information for Both the Singida and the Kinyambwiga Gold Projects

Lake Victoria Mining Company Inc. announced the update of exploration information for both the Singida and the Kinyambwiga gold projects. The company's Singida program is focused on near term production and defining sources of early gold production from mineralized material present in surface tailing piles, surface mine rock dumps and in shallow underground artisanal mine workings. A total of 176 underground samples were collected from 36 artisanal underground mine workings along a 5 kilometer northwest-southeast strike length of the veins. The maximum accessible depth available for sampling was about 50 meters, and the veins varied from 0.3 meters to 2 meters thick. Gold values for the 176 samples averaged 7.1 grams per metric ton, and the veins appear to have extensions beyond the current 5 kilometer length. If the veins continue to a depth of 250 meters, about 6 million tons of mineralized material might be present. Gold assays have been received for 1,138 samples collected from artisanal mine rock dumps at Singida. These mine dumps consist of rock mined from underground that is now lying in stock piles on the surface. The average grade for these samples is about 2.14 grams per metric ton, and field measurements suggest these dumps contain approximately 20,000 metric tons of rock. Assays are pending for additional rock dumps; total tons for all rock dumps are estimated to be about 70,000 tons. A total of 1,924 samples were collected and assayed from 75 artisanal tailing piles. The samples were collected by augering holes into the tailings; samples of the augered tailings were individually collected at 1 meter intervals. Field surveying indicates that approximately 20,000 tons of material appears to be present, and assays for the 75 piles averaged 3.05 grams per metric ton. Initial laboratory tests suggest that leaching of the tailing material may recover about 86% of the gold. The Kinyambwiga Gold Project is about 110 kilometers northeast of Mwanza in northern Tanzania and within the Lake Victoria Greenstone Belt. Gold assays for 134 samples collected from 22 trenches average 2.28 grams per metric ton. Bulk samples were also collected from these trenches and leach assay tests were conducted on 24 select bulk samples; these leach assays average 3.48 grams per metric ton, and suggest that once mining begins, leaching may be an optimal method for recovering the gold.

Lake Victoria Mining Company Announces Gold Assays At Kinyambwiga Gold Project, Tanzania

Lake Victoria Mining Company Inc. announced that a 2.28 grams per metric ton assay average has been received for 134 samples collected in twenty-two trenches at the Kinyambwiga Gold Project in northern Tanzania. The Kinyambwiga project lies within License Number PL4653/2007 and covers 30.73 square kilometers in northern Tanzania's Lake Victoria Greenstone Belt. The property is about 110 kilometers northeast of Mwanza and 12 kilometers west of the smaller town of Bunda. Gold assay results have been received from detailed sampling of 22 trenches, and the 134 assays average 2.28 grams per metric ton. At this stage of development, there appear to be three sub-parallel veins that vary from about 0.3 meters to 4 meters thick; the sampled trenches cover a strike length of about 1,000 meters. To further define vein locations and directions, a detailed ground magnetic survey was recently completed in the area of the gold bearing veins. This survey totaled 143 line kilometers, and consisted of 62 north-south traverse lines, each line being 2.3 kilometers long. Individual lines were spaced 50 meters apart. This detailed survey has highlighted locations for possible vein extensions and intersections for possible trenching and sampling.

otc, otcbb, pinksheet, LVCA, ob Lake Victoria Mining Company, Inc.

LVCA Competitors

Company Last Change
No competitor information is available for LVCA.
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation LVCA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

LVCA

LVCA transactions

Type
Date
Target
Private Placement
October 19, 2009
--

More Recent News About Lake Victoria Mining Company, Inc.

Would you like to leave a comment about Lake Victoria Mining Company, Inc. LVCA/LVCA.OB

Besides Lake Victoria Mining Company, Inc. there is more great information available at Realpennies.com