Lake Victoria Mining Company, Inc.: Exploring for Gold in Tanzania-New International Board Appointed
June 30 2008 - 8:15AM
Marketwired
GOLDEN, COLORADO is recruiting a new team with international
business, geology and finance experience. Joining the board of
directors is Ahmed A. Magoma and Heidi Kalenuik who has also been
appointed and accepted as Secretary and Treasurer, effective
immediately.
Mr. Ahmed Magoma, (Tanzania) has a BSc in geology from the
University of Dar es Salaam (1992) and 16 years experience in the
mining industry wherein he has held progressively more responsible
management and supervisory roles. He most recently joined
Kilimanjaro Mining Company, Inc. (Feb-07,
www.kilimanjarominingcompany.com) a private company involved in the
acquisition and exploration of highly prospective resource
properties in Tanzania, East Africa. In addition to being a
director with Kilimajaro, Mr. Magoma is responsible for all
resource property acquisitions and explorations within Tanzania.
His experience encompasses gold projects from grassroots through to
mining production. His field experience included working with
Tanex, a subsidiary of DeBeers and other South African companies as
a field geologist. Mr Magoma worked with the Ministry of Energy and
Minerals in Tanzania for a period to learn, through study, the
techniques of small-scale miners to enhance their production. His
extensive experience in field geology prepared Mr. Magoma to work
with the major gold companies Barrick and Randgold as a project
geologist and then as senior project geologist with Tanzanite
Africa.
Mrs. Heidi Kalenuik, (Canada), originally from South Africa, is
also the founder and President of Kilimanjaro Mining Company, Inc.
a private company concentrated on resource property acquisitions,
exploration and joint ventures in the United Republic of Tanzania.
Kilimanjaro currently owns 11 highly prospective gold projects
comprised of over 50 unique licenses, in addition to its uranium
projects. Prior to Kilimanjaro, Mrs. Kalenuik was extensively
involved in the precious mineral industry, including seven years
exclusively in the diamond industry in South Africa. Owning and
operating a multi-million dollar diamond company and cutting works,
taking diamonds from rough to polished precious stones and finally
into the marketplace. Mrs. Kalenuik developed vast experience in
travel throughout Africa in the development of business
relationships and management of African business interests along
with European and Asian entities. More recently she honed her
administrative skills working several years with over 150 private
and public companies in British Columbia, Canada. The companies
ranged from start up to Fortune 500 and included numerous resource
companies.
ABOUT THE COMPANY
Lake Victoria Mining Company, Inc. is a gold exploration stage
company focused on acquiring and exploring potential gold mineral
deposits or reserves in Tanzania, East Africa. Tanzania produced
1.75 million troy ounces of gold during 2007 and is the 3rd largest
gold producer in Africa. Lake Victoria Mining Company, Inc.
currently holds a Mineral Property Purchase/Option Agreement with
Uyowa Gold Mining and Exploration Limited (Tanzania) owned by Geo
Can Resources Company Limited (Tanzania) a subsidiary of
Kilimanjaro Mining Company, Inc. of Nevada
(www.kilimanjarominingcompany.com). Under the terms of the
agreement Lake Victoria is entitled to acquire up to an 80%
interest in and to the Kalemela prospecting license (PL2747)
located in the world famous Lake Victoria Greenstone Belt and
consisting of 70.72 square kilometers. Kilimanjaro Mining Company,
Inc. holds 3,000,000 shares (over 17%) of the issued and
outstanding shares of Lake Victoria Mining Company, Inc.
For further information investors should review the Company's
filings that are available at:
http://media3.marketwire.com/r/627lvcafilings.
Disclaimer
This news release may contain forward looking statements,
relating to the Company's operations or the environment in which it
operates, which are based on Lake Victoria Mining Company Inc.'s
operations, estimates, forecasts and projections. These statements
are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or beyond Lake
Victoria Mining Company, Inc's control. A number of important
factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Consequently, readers should not place undue reliance
on such forward-looking statements. Lake Victoria Mining Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contacts: Lake Victoria Mining Company, Inc. Dr. Roger Newell
(303) 526-5100 Email: info@lvcamining.com
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