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Avanti Gold Commences 2024 Exploration Program at the 3.1 Million Ounce Misisi Gold Project in the Democratic Republic of Congo
Vancouver, BC – TheNewswire - September 26, 2024 – Avanti Gold Corp. (CSE: AGC) ("Avanti" or the "Company") is pleased to announce the commencement of the 2024
About this update from Avanti Gold Corp
[{"type":"text","content":"Vancouver, BC – TheNewswire - September 26, 2024 – Avanti Gold Corp. (CSE: AGC) (\"Avanti\" or the \"Company\") is pleased to announce the commencement of the 2024 exploration program at the Misisi Gold Project in the Democratic Republic of Congo (DRC). Avanti geologists are currently overseeing the preparation of diamond drill samples for transportation to Advanced Laboratory Solutions (ALS) assay lab located in Johannesburg, South Africa. These samples are from 2,100 meters (m) of diamond drilling that was completed by the previous owner but were not assayed and are not included in the current 3.1 million ounce Inferred Mineral Resource estimate for the Misisi Project. The Misisi Project is located approximately 340 kilometers (km) southwest of Bukavu, in the South-Kivu province of the DRC. Misisi is home to the Akyanga gold deposit, which hosts a NI 43-101 compliant Inferred Mineral Resource of 41 million tonnes at an average grade of 2.37 grams per tonne (g/t), containing 3.1 million ounces of gold. Mineralization occurs over a strike length of 2.1 km and remains open along strike to the north and south as well as down dip and at depth. The Misisi Project spans three contiguous 30-year mining leases covering 133 square km along the 55 km long Kibara Gold Belt. Over $30 million has been invested in exploration at the Misisi Project to date, including 20,000 m of diamond drilling and 500 m of trenching. Comprehensive geochemical and geophysical surveys have been conducted over the entire 55 km belt, identifying a parallel structure and several drill-ready exploration targets. The 2,100 m of diamond drilling targeted the northwest and high-grade southern sections of the Akyanga mineralized zone. The infill samples being processed have the potential to convert a portion of the Inferred Mineral Resource into the Indicated category. The samples are housed in two storage facilities, one in Bukavu located approximately 1,392 km from Lubumbashi and at the Misisi exploration camp. The Avanti team is currently in Bukavu, preparing 499 samples for shipment by air to the ALS prep lab in Lubumbashi by the end of the week. The team will then travel to Misisi to oversee the next phase of transportation, which will move approximately 1,545 samples from Misisi to the ALS lab over the course of approximately three weeks. Both sets of samples w...