Northwire Canada EditionThursday, November 12, 2026
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Drill Results

Avanti Gold Announces That 2,100 Meters of Historical Drill Core Is Currently Being Assayed Ahead of the 2026 Drill Programme Commencing

By The Northwire Desk — AI Analysis Jan 23, 2026 · 05:01 AGC · 0.6 Avanti Gold Corp.
AGC · Price

Executive Summary

  • Avanti Gold reports that 2,100 m of historic drill core from the Akyanga deposit are being assayed, with results expected later this quarter.
  • The 2026 exploration programme has been expanded to ~42,000 m of diamond drilling (Phase 1: 15,000 m; Phase 2: 27,000 m), fully funded for Phase 1 by the LIFE Private Placement closed Oct‑2025.
  • A drilling service agreement is anticipated in the coming weeks following a successful tender and site‑visits, enabling the programme to commence in late Q1‑2026.

Key Details

  • Assay Work: 2,100 m of historic core (≈10% of prior diamond drilling) shipped from Kalemie on 15 Jan 2026; arrived at SGS lab in Mwanza‑Tanzania on 23 Jan 2026 for fire‑assay testing. Results to be released later Q1 2026.
  • Resource Context: Akyanga deposit hosts an NI 43‑101 Inferred Resource of 40.8 Mt @ 2.37 g/t Au (3.11 Moz). Historic drilling comprised 105 DD holes (19,070 m) and six RC holes (887 m).
  • 2026 Drilling Programme: Total ~42,000 m split into two phases:
Target Phase 1 (Mar‑Jul 2026) % of Phase 1 Phase 2 (Aug‑Dec 2026) % of Phase 2 Combined 2026
Akyanga 12,500 m 83% 14,500 m 55% 27,000 m (64%)
Akyanga East 2,500 m 17% 2,000 m 7% 4,500 m (11%)
Ngalula – – 3,500 m 13% 3,500 m (8%)
Tulonge – – 2,000 m 7% 2,000 m (5%)
Lubitchako – – 2,500 m 9% 2,500 m (6%)
Kilombwe – – 2,500 m 9% 2,500 m (6%)
Total 15,000 m 100% 27,000 m 100% 42,000 m
  • Funding: Phase 1 fully funded by the LIFE Private Placement closed 23 Oct 2025.
  • Operational Progress: Supplier tender completed; drilling service agreement expected shortly. Site‑visits conducted in mid‑Jan 2026 to assess security and logistics.
  • Next Steps:
  • Announce signed drilling and laboratory service contracts.
  • Upgrade Misisi camp facilities to support increased field activity.
  • Appoint key in‑country personnel (Security & HSE, Admin & Logistics, Exploration, Community).
  • Release assay results from the 2,100 m historic core.
  • Commence fully funded Phase 1 drill programme (15,000 m) targeting Akyanga and Akyanga East.

Notable Quotes

No direct quotes were included in the release.

Read the original news release →

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