Gold Soars Past $3,700 as Fed Rate Cut Bets Fuel Historic Mining Rally

Issued on behalf of Lake Victoria Gold Ltd.

VANCOUVER – Baystreet.ca News Commentary – Gold surged to new record highs above $3,700 this week^[1] as markets priced in a 96% probability of Federal Reserve rate cuts beginning with the September 17 meeting^[2]. With inflation pressures mounting despite a weakening labor market, monetary authorities worldwide are embracing gold as both an inflation hedge and insurance against currency debasement^[3]. This fundamental shift has created ideal conditions for Lake Victoria Gold (TSXV:LVG.VN) (OTC-BB:LVGLF), Orosur Mining Inc. (TSXV:OMI.VN) (OTCPK:OROXF), First Mining Gold Corp. (TSX:FF.TO) (OTCQX:FFMGF), Luca Mining Corp. (TSXV:LUCA.VN) (OTCQX:LUCMF), and Northern Superior Resources Inc. (TSXV:SUP.VN) (OTC-BB:NSUPF).

J.P. Morgan Research forecasts gold climbing toward $4,000 by mid-2026^[4], while Goldman Sachs projects potential gains to $5,000 depending on Federal Reserve policy decisions^[5]. The unique confluence of accommodative monetary policy, persistent inflation concerns, and geopolitical uncertainty has mining stocks significantly outperforming bullion itself^[6], with the NYSE Arca Gold Miners Index gaining over 50% year-to-date versus gold's 25% advance^[7].

Lake Victoria Gold (TSXV:LVG.VN) (OTC-BB:LVGLF) has already cleared a crucial regulatory hurdle as Tanzania's National Environment Management Council approved the Updated Environmental and Social Management Plan for its fully-permitted Imwelo Gold Project. This approval removes what many consider the final significant barrier to development, positioning the company among the few junior miners with both regulatory clearance and near-term production potential in one of Africa's most prolific gold regions.

The timing proves strategic. While many explorers struggle with permitting delays that can stretch years, LVG now operates under a clear regulatory framework backed by its existing 10-year renewable mining license. This positions the company to capitalize on gold's continued strength, with the metal currently trading above $3,700 per ounce.

"Approval of the updated ESMP is a significant milestone for Imwelo, reinforcing that the project is environmentally sound and socially responsible," said Marc Cernovitch, President & CEO of Lake Victoria Gold. "Combined with the foundation provided by the 2021 Updated Pre-Feasibility Study, Imwelo represents a rare opportunity for near-term gold production in Tanzania with modest capital requirements, strong expansion potential, and the potential to generate cash flow that will support our broader growth strategy across the Lake Victoria Goldfield."

The milestone validates LVG's development strategy centered on Imwelo, positioned just 12 kilometers from AngloGold Ashanti's flagship Geita mine. The company targets first gold within 12 months of construction start, with Area C as the priority development zone featuring 3.7 g/t average gold grades—among the highest in the historical resource.

A planned strategic 7,750m drill program combines 3,750m of grade control drilling for mine planning with 4,000m targeting mineralized extensions. Previous intercepts such as 6.8m at 14.6 g/t gold from 33m demonstrate production-ready mineralization, supporting optimization work ahead of a construction decision anticipated after Q3 2025.

"With updated environmental approvals now in place, our team is focused on the practical steps to bring Imwelo into production," said Seth Dickinson, Chief Operating Officer of Lake Victoria Gold. "The project benefits from a straightforward mine plan, proven metallurgy, and proximity to existing regional infrastructure."

As it approaches the anticipated closing of its previously announced financing, the company is strengthening its financial position comprising up to $6 million through a non-brokered LIFE private placement and an additional $1.5 million concurrent placement.

Priced at $0.175 per share when announced in late July with gold around $3,200 per ounce, the timing appears favorable with LVG shares now trading at $0.225 (a 29% premium to the offering price), as well as gold’s current $3,700 price being 12% higher than the $3,300 it was at on the day of the financing’s announcement. Proceeds will fund a work program that will satisfy several conditions precedent to unlock a pre-paid forward (PPF) with Monetary Metals that will fund Capex to advance Imwelo to production.

Additional opportunities are also emerging through LVG's Tembo Project, where a planned 3,000m drilling program targets shallow, high-grade zones suitable for toll milling at the nearby Nyati Resources processing facility. Historic results including 28.57 g/t over 3m from 54m and 17.23 g/t over 4m from 19m demonstrate the potential for immediate cash generation ahead of full Imwelo development, creating a dual-track production strategy that reduces development risk while maintaining upside exposure.

Beyond core development, LVG maintains exposure to potential US$45 million in milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. Strategic partnerships include the above-mentioned pre-pay forward with Monetary Metals and an alliance with Taifa Group, Tanzania's largest mining contractor.

With environmental approval secured, financing closing imminent, and drilling programs launching, Lake Victoria Gold represents the convergence of regulatory clearance, market timing, and operational momentum that experienced mining investors recognize as prerequisites for successful development in Africa's premier gold districts.

CONTINUED… Read this and more news for 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:

Orosur Mining Inc. (TSXV:OMI.VN) (OTCPK:OROXF) has delivered high-grade results from its flagship Anzá Gold Project in Colombia, including 47.25m at 15.25 g/t gold from the Pepas prospect. The company is advancing toward a NI43-101 compliant Mineral Resource Estimate with infill drilling ahead of schedule for completion by late October 2025.

"The Anzá Project continues to develop and broaden in scope," said Brad George, CEO of Orosur. "Pepas is progressing toward MRE as planned, but the results at El Cedro are showing this licence has much more to give."

Recent drilling at Pepas includes multiple high-grade intercepts with 34.85m at 3.24 g/t gold and 22.5m at 1.64 g/t gold supporting resource development. The El Cedro prospect soil sampling program has produced exceptional results showing large areas over 0.3 g/t gold, positioning Orosur for expanded exploration across multiple prospects within the 100%-owned Anzá Project.

First Mining Gold Corp. (TSX:FF.TO) (OTCQX:FFMGF) has further expanded the Aiguille Zone at its Duparquet Gold Project in Quebec, with drilling delineating the target over 100 meters strike length. Recent drilling returned 1.43 g/t gold over 24.1 meters including 4.56 g/t gold over 4.0 meters, extending the discovery zone eastward along strike.

"Our exploration teams continue to build on our drilling success at Duparquet with the advancement of priority target areas proximal to the existing mineral resource, aimed at bolstering continuity and endowment in support of our development vision," said Dan Wilton, CEO of First Mining. "With a highly productive drill program to date, we look forward to further strong results-driven updates on the Project."

The company has completed approximately 16,000 meters of drilling in 2025 focused on key resource expansion targets including the Central Duparquet-Valentre-Dumico area. With the Duparquet Project hosting 3.44 million ounces in the Measured & Indicated category and ongoing exploration demonstrating a favorable area spanning 1.5 km by 0.5 km of gold mineralization, First Mining continues advancing the project toward feasibility studies.

Luca Mining Corp. (TSXV:LUCA.VN) (OTCQX:LUCMF) has reported high-grade results from ongoing Phase 2 underground drilling and first surface drilling at the Santiago Deposit of the Tahuehueto Gold-Silver Mine in Mexico. The Santiago Deposit returned 14.0 meters grading 6.68 g/t gold and 6.0 meters grading 9.0 g/t gold, representing the first drilling at Santiago since 2008.

"The Santiago Deposit is a gold-rich part of the Tahuehueto system that has never been mined," said Paul D. Gray, VP Exploration of Luca Mining. "These are the first drill results from Santiago in more than 16 years, and they clearly demonstrate the potential for new, high-grade resources."

Underground drilling continues hitting the Creston and Perdido veins in every hole with high-grade intercepts up to 23.1 g/t gold equivalent over 1.9 meters within broader mineralized zones. The company operates two 100%-owned producing mines within Mexico's Sierra Madre mineralized belt, with the Tahuehueto Mine producing primarily gold and silver while Campo Morado produces polymetallic concentrates with precious metals credits.

Northern Superior Resources Inc. (TSXV:SUP.VN) (OTC-BB:NSUPF) has expanded mineralization potential at its flagship Philibert Project with historical drilling at the newly acquired Hazeur property returning 1.10 g/t gold over 25.5 meters. The company has consolidated more than 70,000 hectares in Quebec's Chibougamau Gold Camp through strategic acquisitions including 2,100 hectares contiguous to the Chevrier Project.

"These early Hazeur results demonstrate meaningful gold mineralization immediately west of Philibert, highlighting the potential for resource growth across our expanding land package," said Simon Marcotte, President and CEO of Northern Superior. "We are executing a disciplined and cost-effective strategy to acquire high-quality ground and advance our portfolio."

The technical team has identified the western extension of the Red Fox zone over a 600-meter strike length west of the Philibert pit with drilling scheduled to begin later this month. The Philibert Project hosts a maiden 43-101 inferred resource of 48.46 million tonnes for 1,708,800 ounces at 1.10 g/t gold, with Northern Superior holding a 75% stake and retaining an option to acquire full ownership.

Article 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/

Baystreet.ca

cs@baystreet.ca

(250) 999-4849

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SOURCES CITED:

1. https://www.barrons.com/livecoverage/stock-market-news-today-091525/card/gold-tops-3-700-as-traders-gear-up-for-fed-meeting-Xr0Ilj34eYsHKunFEbly

2. https://www.cnbc.com/2025/09/15/fed-may-make-its-first-rate-cut-of-2025-how-to-benefit.html

3. https://www.aljazeera.com/economy/2025/9/12/us-fed-expected-to-cut-rates-amid-cooling-labour-market-surging-inflation

4. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices

5. https://seekingalpha.com/article/4822566-gold-rush-top-5-gold-mining-stocks

6. https://discoveryalert.com.au/news/global-gold-rush-central-bank-buying-2025/

7. https://sprott.com/insights/gold-miners-shine-in-2025/