Gold Miners Accelerate Resource Drilling as Metal Holds Above $4,100 December 02, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – With gold trading above $4,100 per ounce and the calendar year drawing to a close, mining companies are accelerating resource expansion programs to capitalize on favorable economics that make previously marginal ounces highly profitable. The sector is experiencing renewed drilling activity as producers and developers work to convert inferred resources, extend known mineralization, and de-risk construction decisions ahead of 2026. Among those advancing systematic drill programs are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF), Fury Gold Mines Limited (NYSE-American: FURY) (TSX: FURY), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), and GoldMining Inc. (NYSE-American: GLDG) (TSX: GOLD). Major investment banks including JPMorgan and Goldman Sachs have raised 2026 forecasts to $5,055 per ounce, driven by sustained central bank buying and institutional demand[1]. With gold currently trading near $4,150 and mining equities generating record margins, the disconnect between metal prices and equity valuations continues to attract attention from analysts who view the sector as structurally undervalued despite recent gains. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has released the first analytical results from its ongoing 4,000-meter drill program at Area C, the highest-grade zone (averaging 3.7 g/t) and the Company’s initial planned production area at the fully permitted Imwelo Gold Project in northwestern Tanzania. Assays from the initial five holes prove down-dip extensions of the primary mineralized zone beneath the current open-pit design, with mineralization now pushing to more than 250 meters vertical depth, shattering the historical resource boundary of 200 meters. Additional lodes intersected in both the footwall and hanging wall expand the mineralization footprint and validate the geological model's potential to support a larger open-pit shell and future underground optionality beyond the planned shallow open-pit operation. Management sees the results as a critical validation of Imwelo's development pathway, with LVG President and CEO Marc Cernovitch framing the data as a construction catalyst. "These first results are exactly what we hoped to see as we advance Imwelo toward development," said Cernovitch. "The drilling confirms that the mineralization continues beyond the limits of the current pit design, with additional lodes emerging in both the hanging wall and footwall. With assays now flowing, we expect steady news flow through year-end as we build the geologic and engineering foundation for construction." The program pairs reverse-circulation pre-collars with diamond-core tails, cutting cost and cycle time while delivering high-quality geological, geotechnical, and metallurgical data for final pit design and early mine planning. Five of the planned 24 drill holes have returned assays from the MSA Laboratory in Geita, demonstrating consistent grades and widths that mirror the modeled historical resource and confirm continuity of the main mineralized lodes. Lake Victoria Gold recently mobilized a second drill rig to accelerate the Area C campaign, positioning the company to release a steady stream of assays through year-end as construction decisions approach. The results land as Lake Victoria Gold advances a dual-track strategy at both Imwelo and its Tembo Project, where Barrick Mining's Bulyanhulu operation bankrolls exploration under an Asset Purchase Agreement that locks in LVG's exposure to up to US$45 million in contingent milestone payments, a major asset tied to discoveries on the sold licenses. Recent financing totaling $8 million funds work programs designed to activate the pre-paid forward purchase facility with Monetary Metals, unlocking non-dilutive construction financing. With gold above $4,100 per ounce and critical regulatory milestones locked in, including an agreement in principle with the Government of Tanzania on the statutory 16% free carried interest framework and environmental approval of its Updated Environmental and Social Management Plan, Lake Victoria Gold is driving Imwelo toward first production within 12 months of construction at Tanzania's next emerging gold producer. 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: New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF) has released results from infill and expansion drilling at the K2 zone on its Queensway Gold Project in Newfoundland, with highlights including 16.7 g/t gold over 12.25 m from 144.25 m and 5.32 g/t gold over 18.85 m from 184.55 m. The results, covering 5,777 m across 46 drill holes completed in the second half of 2025, confirm good continuity of gold mineralization within the Preliminary Economic Assessment Phase 1 open pit at K2 and demonstrate strong correlation with the existing mineral resource estimate block model. "Infill drilling of the AFZC Phase 1 open pits at K2 and Jackpot at Queensway continues to demonstrate good continuity of gold mineralization and a good correlation with the initial MRE," said Melissa Render, President of New Found Gold. "As part of this phase of our 2025 campaign, we drilled deeper than the previously tested limits of mineralization at K2. We were encouraged to encounter a broad interval of gold mineralization, highlighting the zone's potential for expansion to depth." The company's 70,000 m 2025 Queensway drill program is over 85% complete and on track to finish all proposed drilling in Q4/25, with approximately 80% focused on the AFZ Core area. Looking ahead, drilling at K2 in 2026 is planned to focus on converting PEA Phase 2 open pit inferred resources to indicated and advancing drilling on PEA underground mining panels. Fury Gold Mines Limited (NYSE-American: FURY) (TSX: FURY) is pleased to announce assay results from the last four holes of its inaugural drill campaign at the Sakami gold project in the Eeyou Istchee Territory in the James Bay region of Northern Quebec. Drill hole 25SK-005 intercepted 26.0 m of 0.71 g/t gold including 6.5 m of 1.76 g/t gold, extending near surface gold mineralization 185 m to the southwest of drill hole 25SK-003. "Sakami has returned consistent near surface gold mineralization across broad widths," said Bryan Atkinson, P.Geo., SVP Exploration of Fury. "Fury is currently working on an updated geological model incorporating the new drill data into the existing database, with a goal of advancing it to the resource stage in the near future." The 2025 diamond drill program successfully completed 3,685 metres in seven holes, with drilling confirming that mineralization at La Pointe Extension is open at depth and along strike to the west. i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) reported strong results for the third quarter of 2025 with revenue increasing to $32.0 million compared to $11.5 million in the prior year period, driven by higher gold sales of 9,368 ounces at an average realized price of $3,412 per ounce. The company improved gross profit to $3.1 million from a gross loss of $4.9 million in the comparative period due to improved water management initiatives at Granite Creek resulting in higher operational efficiencies. "I am pleased to report the third quarter marked another period of solid execution in advancing our multi-asset development strategy in Nevada," said Richard Young, President and CEO of i-80 Gold. "During the quarter, underground development advanced at Granite Creek, construction commenced at Archimedes underground, and technical studies and permitting advanced across the portfolio." The company maintained a cash balance of $102.9 million as of September 30, 2025, while completing approximately 53,000 feet of core drilling across its portfolio including resource definition work at Granite Creek underground and technical drilling at Mineral Point open pit. i-80 Gold received all required permits and commenced construction for the upper level of the Archimedes project, marking a key milestone as the company's second planned underground mine, with infill drilling expected to begin in the fourth quarter of 2025. GoldMining Inc. (NYSE-American: GLDG) (TSX: GOLD) expanded its Brazil exploration portfolio after Brazil's National Mining Agency granted a three-year renewal of the Colíder exploration concession effective October 30, 2025. The 10,000-hectare property in Mato Grosso State sits within the Alta Floresta Gold Belt, where historic exploration identified elevated gold and copper in soils associated with a large magnetic anomaly, plus surface rock samples assaying up to 11.2 grams per tonne gold. "We're pleased to have added the Colíder concession to our Brazil exploration portfolio of highly prospective gold (± copper) projects," said Alastair Still, CEO of GoldMining. "Colíder lies within the emerging and underexplored Alta Floresta Gold Belt in Mato Grosso State, and our initial analysis of the historic data sets suggests that Colíder is highly prospective for bedrock gold and copper mineralization." The company is currently compiling and validating historic exploration data, including 29 reverse circulation holes totaling 1,847 metres drilled across approximately 13% of the concession. GoldMining also owns the nearby Batistão Gold Project located 55 kilometres northeast of Colíder, providing additional upside within the same prospective gold belt. 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 [email protected] (805) 649-0042 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. -- SOURCES CITED: 1. https://www.mining.com/why-analysts-see-5000-gold-price/ 2. https://www.mining.com/gold-mining-stocks-remain-underinvested-despite-gains-sprott/
Gold Miners Accelerate Resource Drilling as Metal Holds Above $4,100 December 02, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – With gold trading above $4,100 per ounce and the calendar year drawing to a close, mining companies are accelerating resource expansion programs to capitalize on favorable economics that make previously marginal ounces highly profitable. The sector is experiencing renewed drilling activity as producers and developers work to convert inferred resources, extend known mineralization, and de-risk construction decisions ahead of 2026. Among those advancing systematic drill programs are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF), Fury Gold Mines Limited (NYSE-American: FURY) (TSX: FURY), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), and GoldMining Inc. (NYSE-American: GLDG) (TSX: GOLD). Major investment banks including JPMorgan and Goldman Sachs have raised 2026 forecasts to $5,055 per ounce, driven by sustained central bank buying and institutional demand[1]. With gold currently trading near $4,150 and mining equities generating record margins, the disconnect between metal prices and equity valuations continues to attract attention from analysts who view the sector as structurally undervalued despite recent gains. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has released the first analytical results from its ongoing 4,000-meter drill program at Area C, the highest-grade zone (averaging 3.7 g/t) and the Company’s initial planned production area at the fully permitted Imwelo Gold Project in northwestern Tanzania. Assays from the initial five holes prove down-dip extensions of the primary mineralized zone beneath the current open-pit design, with mineralization now pushing to more than 250 meters vertical depth, shattering the historical resource boundary of 200 meters. Additional lodes intersected in both the footwall and hanging wall expand the mineralization footprint and validate the geological model's potential to support a larger open-pit shell and future underground optionality beyond the planned shallow open-pit operation. Management sees the results as a critical validation of Imwelo's development pathway, with LVG President and CEO Marc Cernovitch framing the data as a construction catalyst. "These first results are exactly what we hoped to see as we advance Imwelo toward development," said Cernovitch. "The drilling confirms that the mineralization continues beyond the limits of the current pit design, with additional lodes emerging in both the hanging wall and footwall. With assays now flowing, we expect steady news flow through year-end as we build the geologic and engineering foundation for construction." The program pairs reverse-circulation pre-collars with diamond-core tails, cutting cost and cycle time while delivering high-quality geological, geotechnical, and metallurgical data for final pit design and early mine planning. Five of the planned 24 drill holes have returned assays from the MSA Laboratory in Geita, demonstrating consistent grades and widths that mirror the modeled historical resource and confirm continuity of the main mineralized lodes. Lake Victoria Gold recently mobilized a second drill rig to accelerate the Area C campaign, positioning the company to release a steady stream of assays through year-end as construction decisions approach. The results land as Lake Victoria Gold advances a dual-track strategy at both Imwelo and its Tembo Project, where Barrick Mining's Bulyanhulu operation bankrolls exploration under an Asset Purchase Agreement that locks in LVG's exposure to up to US$45 million in contingent milestone payments, a major asset tied to discoveries on the sold licenses. Recent financing totaling $8 million funds work programs designed to activate the pre-paid forward purchase facility with Monetary Metals, unlocking non-dilutive construction financing. With gold above $4,100 per ounce and critical regulatory milestones locked in, including an agreement in principle with the Government of Tanzania on the statutory 16% free carried interest framework and environmental approval of its Updated Environmental and Social Management Plan, Lake Victoria Gold is driving Imwelo toward first production within 12 months of construction at Tanzania's next emerging gold producer. 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: New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF) has released results from infill and expansion drilling at the K2 zone on its Queensway Gold Project in Newfoundland, with highlights including 16.7 g/t gold over 12.25 m from 144.25 m and 5.32 g/t gold over 18.85 m from 184.55 m. The results, covering 5,777 m across 46 drill holes completed in the second half of 2025, confirm good continuity of gold mineralization within the Preliminary Economic Assessment Phase 1 open pit at K2 and demonstrate strong correlation with the existing mineral resource estimate block model. "Infill drilling of the AFZC Phase 1 open pits at K2 and Jackpot at Queensway continues to demonstrate good continuity of gold mineralization and a good correlation with the initial MRE," said Melissa Render, President of New Found Gold. "As part of this phase of our 2025 campaign, we drilled deeper than the previously tested limits of mineralization at K2. We were encouraged to encounter a broad interval of gold mineralization, highlighting the zone's potential for expansion to depth." The company's 70,000 m 2025 Queensway drill program is over 85% complete and on track to finish all proposed drilling in Q4/25, with approximately 80% focused on the AFZ Core area. Looking ahead, drilling at K2 in 2026 is planned to focus on converting PEA Phase 2 open pit inferred resources to indicated and advancing drilling on PEA underground mining panels. Fury Gold Mines Limited (NYSE-American: FURY) (TSX: FURY) is pleased to announce assay results from the last four holes of its inaugural drill campaign at the Sakami gold project in the Eeyou Istchee Territory in the James Bay region of Northern Quebec. Drill hole 25SK-005 intercepted 26.0 m of 0.71 g/t gold including 6.5 m of 1.76 g/t gold, extending near surface gold mineralization 185 m to the southwest of drill hole 25SK-003. "Sakami has returned consistent near surface gold mineralization across broad widths," said Bryan Atkinson, P.Geo., SVP Exploration of Fury. "Fury is currently working on an updated geological model incorporating the new drill data into the existing database, with a goal of advancing it to the resource stage in the near future." The 2025 diamond drill program successfully completed 3,685 metres in seven holes, with drilling confirming that mineralization at La Pointe Extension is open at depth and along strike to the west. i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) reported strong results for the third quarter of 2025 with revenue increasing to $32.0 million compared to $11.5 million in the prior year period, driven by higher gold sales of 9,368 ounces at an average realized price of $3,412 per ounce. The company improved gross profit to $3.1 million from a gross loss of $4.9 million in the comparative period due to improved water management initiatives at Granite Creek resulting in higher operational efficiencies. "I am pleased to report the third quarter marked another period of solid execution in advancing our multi-asset development strategy in Nevada," said Richard Young, President and CEO of i-80 Gold. "During the quarter, underground development advanced at Granite Creek, construction commenced at Archimedes underground, and technical studies and permitting advanced across the portfolio." The company maintained a cash balance of $102.9 million as of September 30, 2025, while completing approximately 53,000 feet of core drilling across its portfolio including resource definition work at Granite Creek underground and technical drilling at Mineral Point open pit. i-80 Gold received all required permits and commenced construction for the upper level of the Archimedes project, marking a key milestone as the company's second planned underground mine, with infill drilling expected to begin in the fourth quarter of 2025. GoldMining Inc. (NYSE-American: GLDG) (TSX: GOLD) expanded its Brazil exploration portfolio after Brazil's National Mining Agency granted a three-year renewal of the Colíder exploration concession effective October 30, 2025. The 10,000-hectare property in Mato Grosso State sits within the Alta Floresta Gold Belt, where historic exploration identified elevated gold and copper in soils associated with a large magnetic anomaly, plus surface rock samples assaying up to 11.2 grams per tonne gold. "We're pleased to have added the Colíder concession to our Brazil exploration portfolio of highly prospective gold (± copper) projects," said Alastair Still, CEO of GoldMining. "Colíder lies within the emerging and underexplored Alta Floresta Gold Belt in Mato Grosso State, and our initial analysis of the historic data sets suggests that Colíder is highly prospective for bedrock gold and copper mineralization." The company is currently compiling and validating historic exploration data, including 29 reverse circulation holes totaling 1,847 metres drilled across approximately 13% of the concession. GoldMining also owns the nearby Batistão Gold Project located 55 kilometres northeast of Colíder, providing additional upside within the same prospective gold belt. 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 [email protected] (805) 649-0042 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. -- SOURCES CITED: 1. https://www.mining.com/why-analysts-see-5000-gold-price/ 2. https://www.mining.com/gold-mining-stocks-remain-underinvested-despite-gains-sprott/