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Drill Results

Avanti Gold Reports Assay Results from Historical Drilling Highlighting High-Grade near Surface Mineralisation at the Akyanga Deposit Including 4.60 g/t over 12.7m

By The Northwire Desk — AI Analysis Mar 02, 2026 · 03:01 AGC · 1.0 Avanti Gold Corp.
AGC · Price

Executive Summary

  • Assay of 1,496 samples from seven historic drill holes at the Akyanga Deposit returned multiple high‑grade intercepts, confirming strong near‑surface gold continuity and indicating significant upside to the existing resource.
  • The company is mobilising four drill rigs to launch a fully funded 2026 Phase 1 exploration program (≈15,000 m) targeting resource extensions at Akyanga and delineation at Akyanga East.
  • Phase 2 (≈27,000 m) is planned for later in 2026, with additional targets across the Misisi Project, underscoring a material positive development for Avanti Gold’s flagship asset.

Key Details

  • Historical Drill Intercepts
  • MSDD136: 3.5 m @ 6.12 g/t Au (incl. 1.5 m @ 12.57 g/t) from 106.6 m depth.
  • MSDD138: 12.7 m @ 4.60 g/t Au (incl. 2.5 m @ 10.97 g/t) from 89.5 m depth.

  • MSDD139: 15.1 m @ 2.31 g/t Au (incl. 3.0 m @ 7.98 g/t) from 44.6 m depth.

  • Assay Coverage – 1,496 samples from seven diamond holes (total 1,629 m) successfully assayed by SGS Laboratory (Mwanza, Tanzania).

  • Pending Results – Samples from three additional historic holes (MSDD0133‑0135; 471 m total) are being assayed; results will be released as available.

  • Resource Context – Existing NI 43‑101 inferred resource: 40.8 Mt @ 2.37 g/t Au (≈3.11 Moz). Historical assay data were not included in the June 2023 MRE, suggesting upside potential.

  • 2026 Phase 1 Exploration Program

  • Planned drilling: ~15,000 m (diamond & RC) at Akyanga and Akyanga East.
  • Focus: resource extensions (Akyanga) and delineation (Akyanga East).

  • Funding: Fully financed by the LIFE Private Placement closed 23 Oct 2025.

  • 2026 Phase 2 Exploration Program – ~27,000 m slated for late Q3‑Q4 2026 covering Akyanga, Akyanga East and additional targets (Ngalula, Tulonge, Lubitchako, Kilombwe).

  • Drill Rig Mobilisation – Four rigs are en route to the Misisi site; expected arrival in early March 2026.

  • Management Comment – Acting CEO Mohamed Cisse highlighted the “significant potential” and noted that the historic assay results were obtained after resolving prior logistical constraints, enabling rapid modelling for upcoming drilling.

Notable Quotes

“We are very excited with the historical drill results received for the Akyanga Deposit, which suggests that it has significant potential to grow as we follow higher‑grade, near‑surface mineralisation into the southern portions of the deposit.” – Mohamed Cisse, Acting CEO

All non‑material boilerplate, forward‑looking disclaimer text and “About the Company” sections have been omitted.

Read the original news release →

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Drill Results