Avanti Gold (CSE:AGC) reports that recent drilling results extend gold mineralisation below the current 3.11-million-ounce (Moz) inferred mineral resource pit shell at its Akyanga deposit in the Democratic Republic of the Congo (DRC).
The phase one diamond drilling program intersected multiple gold zones below the US$1,500 ($2,126)-per-ounce pit shell.
Two drill holes totalled 763.5m and generated 784 samples, with one of them yielding 4.30m @ 1.71 grams per tonne (g/t) gold (Au) from 262.40m and 6.80m @ 1.59g/t Au from 276.00m, including 0.50m @ 12.60g/t Au from 282.30m.
The second drill hole returned 3.40m @ 2.21g/t Au from 231.00m; 2.20m @ 1.79g/t Au from 262.00m; 20.43m @ 0.91g/t Au from 297.92m, including 7.00m @ 1.48g/t Au from 311.35m; and 2.98m @ 6.20g/t Au from 325.27m, including 2.00m @ 9.05g/t Au from 326.25m.
CEO Mohamed Cisse says the initial results confirm that the Akyanga system continues “well below the limits of the current resource”.
“We have only scratched the surface of what this deposit can become,” Cisse says.
Akyanga hosts an inferred resource of 40.8 million tonnes (Mt) averaging 2.37g/t Au containing 3.11Moz. Mineralisation extends from surface to a vertical depth of 350m over a strike length of 2,100m, remaining open at depth and along strike.
At the broader Misisi Project, gold mineralisation occurs within stacked quartz veins running sub-parallel to bedding across strike lengths up to 2,000m.
Avanti has a 42,000m drill program underway to grow gold resources ahead of a preliminary economic assessment planned for 2027. Exploration covers three contiguous 30-year mining leases spanning 133km² along the 55km-long Kibara Gold Belt in the DRC.
Avanti Gold is focused on advancing its flagship Misisi Project in the DRC.
Write to Paula Fabe at Mining.com.au
Images: Mining.com.au
