Drill Results
Avanti Gold Announces That 2,100 Meters of Historical Drill Core Is Currently Being Assayed Ahead of the 2026 Drill Programme Commencing
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.
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Jun 30, 2026 · 00:04