Lake Victoria Gold Discovers New Gold Mineralization Extending Beyond 250 Meters Depth in Tanzania
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Source: Newsfilter
- Mineralization Confirmation: Lake Victoria Gold's drilling results at the Imwelo Gold Project in Tanzania confirm mineralization extending beyond 250 meters depth, surpassing historical resource limits and enhancing confidence in the project's long-term potential.
- Drilling Program Progress: To date, 16 of the 24 planned holes have been completed as part of the 4,000-meter drilling program, which is expected to support resource upgrades and improve the accuracy of inferred resources.
- Dual-Track Strategy Advancement: Lake Victoria Gold is concurrently advancing its Tembo Project with a planned 3,000-meter drill program targeting the Ngula 1 zone, further enhancing resource potential.
- Robust Financial Backing: The company secured a strategic investment of C$11.52 million from Taifa Group and is poised to receive up to US$45 million in milestone payments from its 2021 asset sale to Barrick, ensuring a stable financial runway.
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Analyst Views on AAUC
Wall Street analysts forecast AAUC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAUC is 29.15 USD with a low forecast of 25.19 USD and a high forecast of 33.11 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 31.700
Low
25.19
Averages
29.15
High
33.11
Current: 31.700
Low
25.19
Averages
29.15
High
33.11
About AAUC
Allied Gold Corporation is a gold producer. It operates a portfolio of three producing assets and development projects located in Cote d'Ivoire, Mali, and Ethiopia. Its portfolio includes Sadiola Mine, Cote d’Ivoire Complex, and Kurmuk Project. The Sadiola Mine is an open pit gold mine, located in the Kayes region of Mali, and the Diba open pit gold mine, over 15 kilometers (km) south of the processing plant at Sadiola. The CDI complex includes the Agbaou and Bonikro mills, located only over 20 km from each other, along with several open pit deposits located in the prospective Birimian gold belt. Its Agbaou and Bonikro Mine is an open pit gold mine, located in the Oume region of Cote d’Ivoire. The Kurmuk Project is an advanced stage development project in the Benishangul-Gumuz region of Ethiopia. The project design encompasses the Dish Mountain and Ashashire deposits, with exploration targets across the Kurmuk Project’s expansive over 1,450 square kilometers' of exploration territory.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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