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• AGC announced results from seven historic drill holes previously unassayed, which included 1,496 samples totalling 1,629m.
• Assays displayed continuity of high-grade, near-surface mineralization dipping to the southern portion of the deposit.
• Multiple strong intercepts were reported, including 6.12 g/t over 3.5m and 4.60 g/t over 12.7m.
• We remind readers that the 2,100m of untested core represents ~10% of historic drilling, providing an opportunity for significant resource expansion.
• We are increasing our target price to $1.80/share as Avanti continues to execute on its plans at Misisi.
This morning, Avanti Gold Corp. (AGC:CSE, AVTGF:OTC, X370:FSE) reported assay results from seven historical drill holes (1,496 samples totaling 1,629m) at the Akyanga deposit on its Misisi Project in the DRC. Results highlight continuity of high-grade, near-surface mineralization in the southern portion of Akyanga, displaying potential for resource expansion beyond the current 3.1Moz resource. We are maintaining our BUY rating and increasing our target price to $1.80/share (previously $0.90/share) on AGC.
Highlight intercepts from this morning’s release:
• MSDD136: 6.12 g/t Au over 3.5m (from 106.6m)
• MSDD138: 4.60 g/t Au over 12.7m (from 89.5m)
• MSDD139: 2.31 g/t Au over 15.1m (from 44.6m)
Multiple intercepts at Akyanga returned high-grade hits in multiple parallel veins, demonstrating extensions dipping toward the south of the deposit. Importantly, mineralization is near-surface, providing an opportunity to expand the current open-pit resource, and many of the intercepts exceed the resource grade of 2.37 g/t Au. We would also note that the 2023 MRE utilized a $1,500/oz Au pit shell, highlighting substantial upside with gold >$5,000/oz. Management noted that Hole MSDD136 (highlighted above) is of particular interest, outlining multiple tightly stacked intercepts at depths between 100m and 250m.
An additional three drill holes (471m) are currently being assayed, and results will be released as they become available. We remind readers that the untested core represents ~10% of the historic drilling completed at Akyanga, which focused on this high-grade southern zone and the northwest extension, and will help guide Avanti’s extensive 42,000m 2026 drill plans. Modelling is underway, and four drill rigs are expected to arrive on site imminently to commence Phase 1 drilling, which includes 15,000m targeting extensions at Akyanga and resource delineation at Akyanga East.
AGC: Unassayed Core Displays High-Grade, Near-Surface Continuity
What you need to know:• AGC announced results from seven historic drill holes previously unassayed, which included 1,496 samples totalling 1,629m.
• Assays displayed continuity of high-grade, near-surface mineralization dipping to the southern portion of the deposit.
• Multiple strong intercepts were reported, including 6.12 g/t over 3.5m and 4.60 g/t over 12.7m.
• We remind readers that the 2,100m of untested core represents ~10% of historic drilling, providing an opportunity for significant resource expansion.
• We are increasing our target price to $1.80/share as Avanti continues to execute on its plans at Misisi.
This morning, Avanti Gold Corp. (AGC:CSE, AVTGF:OTC, X370:FSE) reported assay results from seven historical drill holes (1,496 samples totaling 1,629m) at the Akyanga deposit on its Misisi Project in the DRC. Results highlight continuity of high-grade, near-surface mineralization in the southern portion of Akyanga, displaying potential for resource expansion beyond the current 3.1Moz resource. We are maintaining our BUY rating and increasing our target price to $1.80/share (previously $0.90/share) on AGC.
Highlight intercepts from this morning’s release:
• MSDD136: 6.12 g/t Au over 3.5m (from 106.6m)
• MSDD138: 4.60 g/t Au over 12.7m (from 89.5m)
• MSDD139: 2.31 g/t Au over 15.1m (from 44.6m)
Multiple intercepts at Akyanga returned high-grade hits in multiple parallel veins, demonstrating extensions dipping toward the south of the deposit. Importantly, mineralization is near-surface, providing an opportunity to expand the current open-pit resource, and many of the intercepts exceed the resource grade of 2.37 g/t Au. We would also note that the 2023 MRE utilized a $1,500/oz Au pit shell, highlighting substantial upside with gold >$5,000/oz. Management noted that Hole MSDD136 (highlighted above) is of particular interest, outlining multiple tightly stacked intercepts at depths between 100m and 250m.
An additional three drill holes (471m) are currently being assayed, and results will be released as they become available. We remind readers that the untested core represents ~10% of the historic drilling completed at Akyanga, which focused on this high-grade southern zone and the northwest extension, and will help guide Avanti’s extensive 42,000m 2026 drill plans. Modelling is underway, and four drill rigs are expected to arrive on site imminently to commence Phase 1 drilling, which includes 15,000m targeting extensions at Akyanga and resource delineation at Akyanga East.
Underlying
Avanti Gold Corp.
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Atrium Research Corporation
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Ben Pirie
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