Lake Victoria Receives Environmental Impact Assessment Approval for Kunanga Medium Scale Gold Mine, Tanzania, East Africa
10 1월 2014 - 9:23AM
Business Wire
(LVCA:OTCBB) Lake Victoria Mining Company Inc. is pleased to
announce that on January 7th, 2014 Mr. Ahmed Magoma, on behalf of
the Company, officially received the Environmental Impact
Assessment (EIA) Certificate of approval from the National
Environment Management Council (NEMC) of Tanzania, for Lake
Victoria’s planned Kunanga Medium Scale Gold Mine that is within
the Company’s Kinyambwiga Gold project, in northern Tanzania.
The Environmental and Social Impact Assessment Final Report,
prepared for the Company by a Tanzanian environmental consulting
firm, was submitted to NEMC on the 2nd of August 2013 (Refer Press
Release: 5 August 2013). The EIA certificate of approval,
registration number 2247 EC/EIS/1106 is issued under the
Environmental Management Act No.20 of 2004, and was signed by the
Tanzanian Minister of Environment on the 23rd December 2013. The
EIA Certificate is valid during the entire life cycle of the
project based on the Company’s compliance with the General and
Specific Conditions of its issuance.
The Company is currently completing the Mining Application that
is expected to be submitted to the Tanzania Ministry of Energy and
Minerals very shortly. The Mining application will not only cover
the Kunanga site, but will also encompass 39 Primary Mining
Licenses (PMLs) currently held by the Company’s Tanzanian
subsidiary. The area, totaling 3.44 square kilometers also includes
two other known gold occurrences at Kunanga 2 and 3.
David Kalenuik, President and CEO of Lake Victory says “We are
extremely excited with receiving approval from NEMC allowing us to
proceed to the next step of applying for our Mining License. This
will be the final step of Government approval that, once granted,
will allow us to move the Kinyambwiga Gold Project forward into an
active open pit mining project. We have assembled key personnel for
a team to construct and operate the mine, and have identified our
needs for equipment and supplies. A test dig in February of 2013
confirmed our initial equipment needs. We would expect to move
quickly once the Mining License is issued. I thank everyone who has
worked throughout the years on Kinyambwiga, and especially our
technical team and talent in North America and Africa that worked
to complete this detailed and rigorous Environmental and Social
Impact Statement, along with the necessary follow up. We look
forward to breaking ground on mine construction soon after the
final license is received and to the potential of pouring our first
gold during 2014.”
Interested parties are encouraged to visit the “LVCA Media Room”
on the Company’s corporate website for informational audios and
videos on the ongoing developments at our Kinyambwiga gold project
including comments from some of the Company’s directors on the
significance of receiving the EIA Certificate.
Clive King, P.Geo., a Qualified Person as such term is defined
in Canadian National Instrument 43-101, is responsible for
monitoring the supervision and quality control of Lake Victoria’s
exploration program and has reviewed and verified the technical
information contained in this news release. Clive King, registered
as a Professional Geologist with the South African Council of
Natural Scientific Professions (Pr.Sci.Nat Reg. No. 400065/09).
About the Company
Lake Victoria Mining Company, Inc. is working to create another
gold mine in the world famous Lake Victoria Greenstone Belt,
Tanzania, East Africa. Tanzania is Africa's fourth largest gold
producer, behind South Africa and Ghana, but also has reserves of
uranium, nickel and coal. Gold exports alone earned it $1.076
billion in 2009, up from $932.4 million the previous year. Lake
Victoria holds nine prospective gold projects and five uranium
projects within its Tanzania property portfolio. Additional
information regarding the Company is available on the corporate
website at: www.lakevictoriaminingcompany.com or by contacting:
Lake Victoria Mining Company, Inc.David T. Kalenuik, CEO &
PresidentPhone: 303-586-1390Email: info@lvcamining.com
Disclaimer
This news release may contain forward-looking statements or
information within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and within the meaning of
Canadian provincial securities laws applicable to the Company.
Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to
future events. Forward-looking statements or information are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the
forward-looking statements or information, including, without
limitation, risks and uncertainties relating to obtaining financing
to meet the Company's exploration programs and operating costs
during its exploratory stage, the interpretation of exploration
results and the estimation of mineral resources and reserves, the
geology, grade and continuity of mineral deposits, the possibility
that future exploration, development or mining results will not be
consistent with the Company's expectations, accidents, equipment
breakdowns, title matters, or other unanticipated difficulties with
or interruptions in production and operations, the potential for
delays in exploration or development activities or the completion
of feasibility studies, the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, currency fluctuations, regulatory
restrictions, including the inability to obtain mining permits and
environmental regulatory restrictions and liability, the
speculative nature of mineral exploration, dilution, competition,
loss of key employees, and other risks and uncertainties, including
those described under "Risk Factors" in the Company's Annual Report
on Form 10-K filed on June 28, 2013, which is on file with the
Securities and Exchange Commission, as well as the Company's
periodic filings available at www.sec.gov and with Canadian
Securities Administrators at www.sedar.com. Should one or more of
these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking
statements or information. The Company does not undertake any
obligation to release publicly revisions to any "forward-looking
statement," to reflect events or circumstances after the date of
this news release, or to reflect the occurrence of unanticipated
events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors — The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms on this press release, such as "mineralized zones"
which the SEC guidelines strictly prohibit U.S. registered
companies from including in their filings with the SEC. U.S.
Investors are urged to consider closely the disclosures in our
annual report on Form 10-K. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any of the
securities of the Company in the United States, nor shall there be
any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities offered have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws and may not be offered or sold
within the United States or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or unless an exemption from such
registration is available.
Lake Victoria Mining Company, Inc.David T. Kalenuik,
303-586-1390CEO & Presidentinfo@lvcamining.com
Victoria Lake (CE) (USOTC:LVCA)
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