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Valorem Resources ( (TSE:AGC) ) just unveiled an update.
Avanti Gold Corp. has reported assay results from 1,496 samples taken from seven historical diamond drill holes at the Akyanga deposit on its Misisi Project in the DRC, confirming strong, near-surface, high-grade gold mineralisation in the southern portion of the deposit. The company says these results, which include intercepts such as 12.7 metres at 4.60 g/t gold and 15.1 metres at 2.31 g/t gold, point to significant potential for resource expansion and are being incorporated into updated geological modelling.
The historical drilling, totalling about 2,100 metres, had never previously been assayed due to past financial constraints, and management describes the newly unlocked data as a low-cost way to enhance the project’s value and refine drill targeting. Four drill rigs are now being mobilised for a 15,000-metre Phase 1 exploration programme at Akyanga and Akyanga East, with the company stating it is well funded and aiming to accelerate exploration at what it regards as one of Africa’s most promising undeveloped gold projects.
More about Valorem Resources
Avanti Gold Corp. is a Vancouver-based mineral exploration company focused on advancing the Misisi gold project in the Democratic Republic of the Congo. Its primary asset is the Akyanga deposit, which hosts an NI 43-101 compliant inferred mineral resource of 3.11 million ounces of gold, with mineralisation open at depth and along strike in a region viewed as underexplored.
Average Trading Volume: 450,170
Technical Sentiment Signal: Buy
Current Market Cap: C$180.2M
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