On June 27th, 2008, Lake Victoria Mining Company, Inc (LVCA.OB) appointed Dr. Roger A. Newell as president, chief executive officer and director of the company, effective immediately. His extensive experience both in the field and the boardroom are a tremendous asset as Lake Victoria Mining Company looks to expand and develop in the gold resource industry.
Dr. Newell is renowned internationally for recognizing the potential of the Carlin Trend in Nevada. Under his direction Newmont Mining Company reestablished exploration programs in Nevada, which ultimately lead to Newmont Mining becoming the 2nd largest gold producer in the world with gold operations yielding over 1,000,000 ounces per year. He holds an M.Sc. from the Colorado School of Mines and a Ph.D. in mineral exploration and mining from Stanford University, and has more than forty years of experience in the mining industry.
In 2007, Dr. Newell joined the management team of Kilimanjaro Mining Company, Inc. a private company involved in the acquisition and exploration of highly prospective resource properties in Tanzania, East Africa. In August 2009, Kilimanjarao and Lake Victoria merged together to become a U.S. publicly traded company as Lake Victoria Mining Company having symbol LVCA.
Roger Newell served as Vice President-Development and a Board Member of Capital Gold Corp (CGLD) from 2000 to 2007. As such he was responsible for much of Capital Gold’s engineering and business development at El Chanate Gold, Mexico and continued to serve on Capital Gold Corp’s Board of Directors until November, 2009. He also served as President (2000 to 2006) of Capital Gold’s Mexican subsidiary, Minera Santa Rita.
Prior to his time at Capital Gold, he served as Exploration Manager/Senior Geologist for the Newmont Mining Company; Exploration Manager for Gold Fields Mining Company; and Vice President-Development, for Western Exploration Company.
LVCA Press Release
Lake Victoria Identifies Three New Parallel Gold Veins and Begins Final Property Acquisition at Singida Gold Project, Tanzania
GOLDEN, COLORADO — (MARKET WIRE) — 12/01/09: Lake Victoria Mining Company, Inc. (OTCBB: LVCA) - Three new parallel gold veins have been identified with positive assay results, and Lake Victoria has begun completion of property acquisition at the Singida Gold Project.
During the week of November 16th, the Company, in agreement with one of its Tanzanian directors, completed acquisition of 21 Primary Mining Licenses, which represent approximately one third of the entire 5 kilometer gold bearing project area. These property acquisitions come on the heels of identifying a number of new parallel gold veins.
A total of 13 trenches have been excavated across vein structures at the Company's Singida gold project. Preliminary information from five trenches indicates that there may be three new gold bearing veins in addition to the main vein structure; the vein closest to the main vein appears to lie about 20 meters to the northeast of the main vein. These new veins, in near surface trenches, appear to be similar in character to the near surface character of the main vein, which we have sampled at depths of up to 50 meters in 36 existing small scale mine shafts. The vein system trends northwest-southeast, and the new veins are located on the northeast side of this main 5 kilometer long vein of which underground samples averaged a gold grade of 7.1 grams per ton, as previously announced (http://lakevictoriaminingcompany.com/investors/news/2009/8-6.htm).
Roger Newell, president of Lake Victoria said: "Based on the fact that all of our exploration to date in the Singida Gold Project has yielded extremely positive results and given that our original target is now expanding, the Company's confidence in the commercial potential of Singida is very high. Accordingly, we have begun completing acquisition of the Primary Mining Licenses that comprise the gold bearing target area. The three new veins that have been identified appear to have a similar character as the nearby main vein system, which we already know carries important gold values at depth throughout the 5 kilometer strike. With the price of gold approaching $1,200 we are on an accelerated pace to prove up gold mineralization and to advance the project towards a production decision."
Lake Victoria Mining Company, Inc. engages in the exploration and development of mineral properties in Tanzania. It primarily explores for gold. The company was founded in 2007 and is based in Golden, Colorado.
Stocks That Move owns 900,000 shares of restricted stock paid by the company.
Lake Victoria Mining Company, Inc. (LVCA)
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On June 27th, 2008, Lake Victoria Mining Company, Inc (LVCA.OB) appointed Dr. Roger A. Newell as president, chief executive officer and director of the company, effective immediately. His extensive experience both in the field and the boardroom are a tremendous asset as Lake Victoria Mining Company looks to expand and develop in the gold resource industry.
Dr. Newell is renowned internationally for recognizing the potential of the Carlin Trend in Nevada. Under his direction Newmont Mining Company reestablished exploration programs in Nevada, which ultimately lead to Newmont Mining becoming the 2nd largest gold producer in the world with gold operations yielding over 1,000,000 ounces per year. He holds an M.Sc. from the Colorado School of Mines and a Ph.D. in mineral exploration and mining from Stanford University, and has more than forty years of experience in the mining industry.
In 2007, Dr. Newell joined the management team of Kilimanjaro Mining Company, Inc. a private company involved in the acquisition and exploration of highly prospective resource properties in Tanzania, East Africa. In August 2009, Kilimanjarao and Lake Victoria merged together to become a U.S. publicly traded company as Lake Victoria Mining Company having symbol LVCA.
Roger Newell served as Vice President-Development and a Board Member of Capital Gold Corp (CGLD) from 2000 to 2007. As such he was responsible for much of Capital Gold’s engineering and business development at El Chanate Gold, Mexico and continued to serve on Capital Gold Corp’s Board of Directors until November, 2009. He also served as President (2000 to 2006) of Capital Gold’s Mexican subsidiary, Minera Santa Rita.
Prior to his time at Capital Gold, he served as Exploration Manager/Senior Geologist for the Newmont Mining Company; Exploration Manager for Gold Fields Mining Company; and Vice President-Development, for Western Exploration Company.
LVCA Press Release
Lake Victoria Identifies Three New Parallel Gold Veins and Begins Final Property Acquisition at Singida Gold Project, Tanzania
GOLDEN, COLORADO — (MARKET WIRE) — 12/01/09: Lake Victoria Mining Company, Inc. (OTCBB: LVCA) - Three new parallel gold veins have been identified with positive assay results, and Lake Victoria has begun completion of property acquisition at the Singida Gold Project.
During the week of November 16th, the Company, in agreement with one of its Tanzanian directors, completed acquisition of 21 Primary Mining Licenses, which represent approximately one third of the entire 5 kilometer gold bearing project area. These property acquisitions come on the heels of identifying a number of new parallel gold veins.
A total of 13 trenches have been excavated across vein structures at the Company's Singida gold project. Preliminary information from five trenches indicates that there may be three new gold bearing veins in addition to the main vein structure; the vein closest to the main vein appears to lie about 20 meters to the northeast of the main vein. These new veins, in near surface trenches, appear to be similar in character to the near surface character of the main vein, which we have sampled at depths of up to 50 meters in 36 existing small scale mine shafts. The vein system trends northwest-southeast, and the new veins are located on the northeast side of this main 5 kilometer long vein of which underground samples averaged a gold grade of 7.1 grams per ton, as previously announced (http://lakevictoriaminingcompany.com/investors/news/2009/8-6.htm).
Roger Newell, president of Lake Victoria said: "Based on the fact that all of our exploration to date in the Singida Gold Project has yielded extremely positive results and given that our original target is now expanding, the Company's confidence in the commercial potential of Singida is very high. Accordingly, we have begun completing acquisition of the Primary Mining Licenses that comprise the gold bearing target area. The three new veins that have been identified appear to have a similar character as the nearby main vein system, which we already know carries important gold values at depth throughout the 5 kilometer strike. With the price of gold approaching $1,200 we are on an accelerated pace to prove up gold mineralization and to advance the project towards a production decision."
Lake Victoria Mining Company, Inc. engages in the exploration and development of mineral properties in Tanzania. It primarily explores for gold. The company was founded in 2007 and is based in Golden, Colorado.
Stocks That Move owns 900,000 shares of restricted stock paid by the company.