Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER, Baystreet.ca — Gold is hitting a major turning point, and it is finally catching the eyes of the biggest players in the world. Total demand just blew past 5,000 tonnes for the first time on record[1]. We are seeing a massive shift in how global banks protect their wealth, especially since the US dollar’s share of foreign reserves has hit its lowest point in decades[2]. This supply crunch is forcing institutions to hunt for advanced projects that can actually deliver. Leading this charge are companies like Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF), Aya Gold & Silver (TSX: AYA) (OTCQX: AYASF), GoldQuest Mining (TSXV: GQC) (OTCQX: GDQMF), Unigold (TSXV: UGD) (OTCQX: UGDIF), and Alkane Resources (TSX: ALK) (OTCQX: ALKEF).
The math here is simple: banks need more gold, and they need it now. Recent data shows that 95% of central bank officials expect to keep buying more gold over the next year[3]. This is not a temporary trend; it is a structural capital rotation that puts a massive premium on advanced development projects. These assets are becoming the primary choice for investors looking for scalable, undervalued opportunities with asymmetric upside. As the reserve replacement cycle speeds up, these high-grade deposits are being repositioned as the new anchors of a shifting global economy.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has announced that the Government of Tanzania has formally initiated the process to incorporate its statutory 16% non-dilutable free carried interest in the Tembo mining licences. For investors unfamiliar with how mining works in Tanzania, this is not a setback. It is a required regulatory step under the country's Mining Act, and its formal initiation is a signal that the project is moving forward rather than sitting still.
At the same time, LVG says it is in the final stages of negotiating a binding agreement with Nyati Resources, a well-established Tanzanian mining operator. The proposed deal would allow LVG to begin toll milling, which means processing mineralized materials through an existing facility rather than building one from scratch. That distinction matters for investors: it removes the need for heavy upfront capital spending and opens a path to early cash flow without waiting years for a new plant to be built and commissioned.
“The initiation of the Government participation process is an important and positive step for Tembo, reflecting continued progress within Tanzania’s established regulatory framework,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “At the same time, we are nearing completion of a binding agreement with Nyati Resources, which has the potential to enable near-term production and cash flow. Advancing these workstreams in parallel positions Tembo to transition from an exploration-stage asset toward development in a capital-efficient manner.”
The Tembo news builds on a foundation of recent positive developments across LVG's Tanzanian portfolio. The company's Imwelo Project recently confirmed gold recovery rates of up to approximately 97% using conventional processing methods, with roughly 84% of gold directly cyanide-leachable and strong gravity recovery confirmed across multiple test programs. A completed drill program at Area C returned grades including 11.88 g/t gold over 1.33 metres, confirming mineralization extends beyond the current pit design. Geotechnical studies supported consolidation of Area C into a single open pit, and the Tembo Project separately returned surface grades up to 35.45 g/t gold from artisanal sampling sites.
Lake Victoria Gold holds a 100% interest in both the Tembo and Imwelo projects, counts Barrick Gold among its strategic investors, and has a management and director group that collectively owns more than 60% of outstanding shares. With two advancing assets, improving metallurgy, and a regulatory pathway now formally underway, LVG is presenting itself as a near-term production story in a jurisdiction with deep established mining infrastructure.
NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.
CONTINUED… Read this and more on 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:
Aya Gold & Silver (TSX: AYA) (OTCQX: AYASF) has commenced a feasibility-level study for its Boumadine polymetallic project in Morocco, following a positive Preliminary Economic Assessment published in November 2025 that outlined a scalable 11-year mine plan. The district-scale project combines open-pit and underground mining targeting a resource with revenues estimated at approximately 61% gold, 21% silver, 13% zinc, and 5% lead.
"We are accelerating development at Boumadine as it enters the feasibility stage," said Benoit La Salle, President and CEO of Aya Gold & Silver. "With the mining permit in place, we are advancing multiple workstreams in parallel to fast-track the next phase of development while maintaining the highest technical standards, supported by leading engineering firms and specialists."
Ten drill rigs are currently advancing an aggressive infill campaign, with approximately 38,000 of a targeted 180,000 meters already completed for 2026. Aya has engaged a multidisciplinary team including Lycopodium, SRK, SGS, Epoch, and SLR to advance engineering, metallurgy, and environmental workstreams, with the full feasibility study targeted for completion by H2-2027.
GoldQuest Mining (TSXV: GQC) (OTCQX: GDQMF) has confirmed a significant new high-grade discovery at its Cachimbo target in the Dominican Republic, marking the first major drill success at the target following a nine-year hiatus. Drill hole TIR-26-58 returned 12.26 metres grading 2.52 g/t gold, 50.7 g/t silver, 0.94% copper, and 12.0% zinc, including a high-grade core of 3.59 metres at 17.63 g/t gold-equivalent.
"The discovery of a high-grade parallel structure at Cachimbo after nine years is a testament to our team's systematic approach to exploration in the Tireo Belt," said Luis Santana, CEO of GoldQuest. "These initial results from TIR-26-58 underscore the polymetallic potential of the district and suggest that Cachimbo is a much larger system than previously understood."
Mineralization at the new parallel structure remains open along strike and down-dip, with a Pole-Dipole Induced Polarization survey now underway to refine drill targeting. GoldQuest is advancing a 5,000-metre drill program at Cachimbo, with the rig now transitioning to hole TIR-26-60 targeting deep extensions of the system.
Unigold (TSXV: UGD) (OTCQX: UGDIF) has received overwhelming community support for acceleration of environmental studies at its Candelones deposits in the Dominican Republic, with more than 70% of surveyed stakeholders backing the project's advancement. The company expects to table an initial Environmental and Social Impact Assessment toward the end of Q2 2026, following a confirmed site visit from the Ministry of the Environment and Natural Resources — the final regulatory step before delivery of the Terms-of-Reference.
Unigold intends to commence detailed engineering for its 100,000-ounce oxide project in parallel with the stakeholder consultation process, with the construction period estimated at 8 to 14 months following ESIA approval. The company's 2022 bankable feasibility study, conducted at a US$1,650 gold price assumption, demonstrated a 44% after-tax internal rate of return with a 1.5-year payback, with oxide reserves representing less than 10% of total measured-and-indicated resources on the property.
Alkane Resources (TSX: ALK) (OTCQX: ALKEF) has reported high-grade antimony-gold intercepts from its near-mine Kendal deposit at the Costerfield Operation in central Victoria, Australia, with standout results including 267.5 g/t gold and 5.6% antimony over 2.3 metres and 132.2 g/t gold and 19.8% antimony over 1.94 metres. The program has delineated 25 individual veins across a 600-metre strike length, with the Kendal system's antimony content exceeding that of the currently mined Shepherd system.
"The drilling results obtained from the Kendal deposit over the past year demonstrate the large potential remaining for significant high-grade mineralisation at shallow levels near to the Costerfield mine," said Nic Earner, CEO of Alkane Resources. "Accessing and mining the newly defined mineralisation is a top priority for the Costerfield team and should provide the processing plant with an additional source of high-grade gold and antimony ore for some time to come."
Access development into the newly extended Kendal system began in late 2025 and is ongoing, with further drilling expected to resume in 2026 as the company works toward integrating the Kendal mineral resources into Costerfield's life-of-mine plan. Alkane Resources operates three producing mines across Australia and Sweden and holds a strong balance sheet positioned for continued growth.
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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SOURCES CITED:
1. https://www.gold.org/goldhub/research/gold-demand-trends
2. https://www.ssga.com/library-content/products/fund-docs/etfs/us/insights-investment-ideas/monthly-gold-monitor.pdf
3. https://www.cmegroup.com/articles/2026/precious-metals-outlook-2026-market-dynamics-following-a-record-breaking-year.html
