Singida Regional and District Commissioners Want Lake Victoria Mining Company to Open A Gold Mine at Londoni Town, Tanzania
Golden, Colorado May 13, 2010 (LVCA:OB) - On May 3rd, 2010 directors from Lake Victoria Mining Company , Heidi Kalenuik and Ahmed Magoma, along with Senior Geological Consultant Mr Clive King met in Singida, Tanzania with the Honorable Dr. Parseko Kone Regional Commissioner and District Commissioner Paschal Mabiti. Discussions focused on the progressive exploration activities of Lake Victoria Resources (T) Ltd., the wholly owned Tanzanian subsidiary of Lake Victoria Mining Company, and the Commissioner’s desire for the company to advance to the point of opening a commercial gold mine in the nearby Londoni project area.
During the meeting both the Regional and the District commissioners expressed their gratitude for the international investment that Lake Victoria Mining Company has brought to the country and the commitment of Tanzania to support all foreign investment. Dr Kone further reiterated that Lake Victoria Mining Company could expect the full support and co-operation from himself and his office in the company’s advancing exploration activities in the Singida region.
The commissioner also highlighted some of the infrastructure enhancements and developments that were underway through government in the region to attract foreign investment and enhance the investors experience in the area. One such improvement is the completion of new paved roads connecting Singida to the three major Tanzania cities of Dar es Salaam, Arusha and Mwanza, making it a crossroads for development.
The Regional Commissioner acknowledged the investment that had already been felt by the exploration activities of Lake Victoria Mining Company on the Singida Gold Project , in the areas of Londoni and Sambura, known as one of the poorest areas in Tanzania . There was further discussion on other areas in the region that are highly prospective for gold exploration in the region and the Company’s ability to acquire mining licenses in these locations if desired.
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 produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria Mining Company, Inc. currently holds both gold and uranium exploration licenses in Tanzania. Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com or by contacting:
Lake Victoria Mining Company, Inc.
Dr. Roger A. Newell
Phone: 303 -586-1390
Email: info@lvcamining.com
Disclaimer
This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.