From Drills to Deals: De-Risked Developers Near Construction Decisions

Issued on behalf of Lake Victoria Gold Ltd.

VANCOUVER – Baystreet.ca News Commentary – Gold's recent hovering near $4,300 per ounce marks December's seventh consecutive week of gains, while development-stage miners are capitalizing on elevated prices by securing key regulatory approvals that compress timelines to production. From mining licenses to feasibility completions, companies crossing these critical thresholds are positioning to capture expanding margins as operational leverage amplifies returns. This builder phase is attracting renewed attention to Lake Victoria Gold (TSXV:LVG.VN) (OTC-BB:LVGLF), G Mining Ventures Corp. (TSX:GMIN.TO) (OTCQX:GMINF), Vista Gold Corp. (NYSE-A:VGZ) (TSX:VGZ.TO), Big Ridge Gold Corp. (TSXV:BRAU.VN) (OTC-BB:ALVLF), and Monument Mining Limited (TSXV:MMY.VN) (OTCPK:MMTMF).

Junior mining financing surged past $12.8 billion in 2025 as capital flows to advanced-stage projects with clear development pathways^[1]. Meanwhile, gold mining stocks delivered outsized gains exceeding 50% year-to-date, yet institutional positioning remains at multi-year lows, suggesting substantial upside remains for companies demonstrating execution discipline and regulatory momentum^[2].

Lake Victoria Gold (TSXV:LVG.VN) (OTC-BB:LVGLF) has released additional drill results from its ongoing 4,000-meter program at Area C within its fully permitted Imwelo Gold Project in northwestern Tanzania. The latest assays from nine new holes confirm mineralization extends well beyond the current pit design, with extensions now defined to both the west and east in areas that had not been previously drill-tested.

Results include 20.77 g/t gold over 0.31 meters from 93.34 meters depth, 9.31 g/t over 2.45 meters from 130 meters, and 11.19 g/t over 0.90 meters from 91.8 meters. Drilling continues to confirm down-dip continuity, with mineralization now demonstrated to over 250 meters vertical depth compared to the historical resource limit of 200 meters. Current holes average approximately 120 meters depth, more than double historical drilling at roughly 50 meters, providing new data below previous modeled limits.

"These results continue to validate our thesis for Imwelo," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are seeing meaningful extensions of the mineralization both at depth and laterally beyond the current pit design, strengthening our confidence in the geological model and the long-term potential of Area C."

To date, 16 of 24 planned holes have been completed as part of the 4,000-meter drill program announced earlier this year. Results mirror grades and widths supporting the existing resource model, improving confidence in potential Inferred-to-Indicated upgrades. Drilling west of the interpreted structure has intersected new mineralization beyond the fault zone, opening an entirely new zone for resource growth. Additional footwall and hanging-wall intercepts support expansion potential, with depth extensions and structural continuity enabling evaluation of potential underground development beneath the planned open pit.

In parallel, Lake Victoria Gold continues advancing its Tembo Project, where a planned 3,000-meter drill program targets the Ngula 1 zone following past intercepts of 28.57 g/t over 3 meters and 17.23 g/t over 4 meters. Processing readiness advances as commissioning nears at Nyati Resources' facility, located on one of LVG's Tembo licences adjacent to Barrick's Bulyanhulu Mine.

Backing this dual-track strategy is exposure to potential US$45 million in milestone payments from the company's 2021 asset sale to Barrick's Bulyanhulu operation. Financial runway is supported by a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group.

With construction, drilling, and funding advancing in parallel, Lake Victoria Gold is building the operational platform to transition from explorer to producer in a rising gold market.

NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.

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:

G Mining Ventures Corp. (TSX:GMIN.TO) (OTCQX:GMINF) has received the Mining License for its 100%-owned Oko West Gold Project in Guyana, completing the final major permitting milestone for the fully licensed operation. The 20-year license, granted effective December 5, 2025, by the Guyana Geology and Mines Commission, authorizes development, operation, and commercial gold production following receipt of the Final Environmental Permit in September and the formal construction decision in October.

"Securing the Mining License reflects not only the technical robustness of Oko West but also the collaborative relationships we have established with Guyanese authorities, communities, and partners," said Louis-Pierre Gignac, President & CEO of GMIN. "Our commitment to responsible development is unwavering, and this milestone positions us to build Oko West into a world-class mining operation that delivers lasting economic and social benefits to Guyana."

With all major permits secured, the company is advancing construction in alignment with its project timeline and plans to begin pre-production open-pit mining in the first quarter of 2026. Assembly of the initial mining equipment fleet is currently underway as construction efforts progress steadily.

Vista Gold Corp. (NYSE-A:VGZ) (TSX:VGZ.TO) completed a feasibility study for its Mt Todd gold project in Australia's Northern Territory that confirms after-tax NPV of $1.1 billion, internal rate of return of 27.8%, and a 2.7-year payback period at a $2,500 per ounce gold price. The study presents a fresh vision for the project as a 15,000 tonne per day operation prioritizing lower initial capital costs and higher ore grades over a 30-year mine life, incorporating proven Australian design and operating practices.

"Today, with much higher gold prices and growing investor interest, Mt Todd is positioned as a premier development opportunity," said Frederick H. Earnest, President and CEO of Vista. "Its strong project economics, favorable jurisdiction, permitting status, and existing infrastructure make it well-suited for near-term development."

The company reported cash totaling $13.7 million at quarter-end and continues to have no debt, with third quarter 2025 net loss of $0.7 million compared to $1.6 million in the prior year period. Vista is pursuing modifications to existing permits and completing technical work in advance of a decision to commence detailed engineering, with management confident this is the right market environment to advance Mt Todd.

Big Ridge Gold Corp. (TSXV:BRAU.VN) (OTC-BB:ALVLF) has consolidated 100% ownership of its Hope Brook Gold Project in Newfoundland after renegotiating its earn-in agreement and engaging SGS Geological Services to complete a Preliminary Economic Assessment expected in H1 2026. The project hosts 1.2 million ounces of indicated gold resources plus 231,000 ounces inferred and historically produced approximately 750,000 ounces from 1987-1997, with recent metallurgical work producing high-grade concentrates ranging from 26% to 30% copper with 270 to 539 g/t gold.

"2025 has been a significant year for Big Ridge Gold," said Michael Bandrowski, President and CEO of Big Ridge Gold. "The Company renegotiated the Hope Brook earn-in agreement, increasing its ownership to 100%, and recently engaged SGS Geological Services to complete a Preliminary Economic Assessment on the Hope Brook Gold Project. In addition, the Company is preparing concentrate samples for marketing and potential offtake agreements."

The company is preparing representative concentrate samples for potential offtake agreements, capitalizing on strong global demand for premium copper-gold concentrates and its strategic tidewater location. At the Destiny Gold Project, partner Caprock Mining has commenced a Phase I drill program targeting deep-seated, high-grade mineralization where historical intercepts reached 26 g/t gold.

Monument Mining Limited (TSXV:MMY.VN) (OTCPK:MMTMF) has announced the first 16 drill hole results from its Buffalo Reef/Felda mine expansion drilling program at the Selinsing Gold Mine in Malaysia, with significant highlights including 7 meters at 4.79 g/t gold from 43 meters depth and 3 meters at 4.66 g/t gold from 6.9 meters depth. The company has budgeted $2.5 million to complete 118 planned drill holes totaling 17,477 meters across both Buffalo Reef/Felda and Selinsing expansion target areas, with 27 holes already completed for 2,952 meters.

"We are encouraged by the first 16 drill hole assay results from the exploration drill program within targeted potential mine expansion areas, including both outside of Buffalo Reef/Felda pit shells and Selinsing pit shells with boundary covering all existing defined resources," said Cathy Zhai, President and CEO of Monument Mining. "Objective of expansion drilling is aimed to increase gold resources and potentially expanded the life of mine at Selinsing Gold Mine."

Two additional diamond drilling rigs were engaged in November 2025, bringing the total to four rigs to accelerate the program targeting completion by June 2026. Success of the current drilling would have the potential to support pit expansion at Buffalo Reef/Felda, with an updated geology model, resource estimate, and resource statement targeting completion by October 2026.

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/

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SOURCES CITED:

1. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-26-the-mining-money-trail-junior-mining-financing-heats-up-in-2025

2. https://stansberryresearch.com/dailywealth/gold-mining-stocks-are-the-hidden-winners-of-2025