Lake Victoria Mining Company was pleased to provide an update concerning its drilling progress at the Geita Gold Project in northern Tanzania, which is located about 80 kilometers west of the city of Mwanza.

Exploration Reverse Circulation (RC) drilling commenced in late January and to date three major target locations have been tested, and two drill site locations have been selected for additional follow up infill drill holes. According to the company, at least five major target locations exist on the property, and the drill program is proceeding systematically to test those targets; the fourth target is scheduled for testing next week.

Currently, nineteen holes are complete and a total of 2,128 meters have been drilled. The Geita program called for a total of 6,000 meters of drilling, with expected pre-drilling hole depths of 150 meters. The Geita license covers 43.77 square kilometers, and the current drill program is focused on the northeast and north central part of the license, where major intrusives and large shear zone structures have been identified.

To date, assay results for 750 samples have been received. It is anticipated that this phase of the drilling program will comprise about 2,000 samples. The samples are being processed at the internationally accredited SGS laboratory in Mwanza. Lake Victoria Mining Company promised to provide additional results as the information becomes available.

Let us hear your thoughts below:

Last 5 posts by QualityStocks

• View Systems (VSYM.OB) Up Almost 150% After Coverage by QualityStocks Newsletter - November 24th, 2009
• Consorteum Holdings, Inc. (CSRH.OB) Offers Right Source Solutions in the Payments and Transactions Industry - November 24th, 2009
• Some Options as the US Dollar Continues its Slide - November 24th, 2009
• Newport Digital Technologies (NPDT.OB) Has a Competitive Edge - November 24th, 2009
• Small Cap Voice Featured Company: DecisionPoint Systems, Inc. (DNPI.OB) - November 24th, 2009