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Avanti Gold Corp AVTGF


Primary Symbol: C.AGC

Avanti Gold Corp. is a Canadian gold exploration company with a portfolio of projects in Africa. The Company’s flagship asset is the Misisi Gold Project in the Democratic Republic of Congo (DRC), home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 44.3 million tons (Mt) at an average gold grade of 2.37 grams per ton (g/t), totaling 3.1 million ounces (Moz) of gold. The Misisi Gold Project spans three contiguous 30-year mining leases covering about 133 square kilometers along the 55-kilometer (km)-long Kibara Gold Belt. The Misisi Gold Project is located about 250 km south of Bukavu, the provincial capital of South Kivu Province. It also owns prospecting rights in the Magisterial District of Molopo, South Africa, which includes approximately 90 hectares in the prospective and unexplored Kraaipan Granite-Greenstone Belt terrain, which extends about 400 km from southern Botswana into the Northwest Province of South Africa.


CSE:AGC - Post by User

Avanti Gold Corp
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Post by Betteryear2on Dec 04, 2023 4:51pm
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Post# 35767848

Formalization of Artisanal Mining Agreement C.AGC

Formalization of Artisanal Mining Agreement C.AGCVancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - AVANTI GOLD CORPORATION (CSE: AGC) (FSE: X37) ( "Avanti" or the "Company") is pleased to announce the signing of a formal profit sharing and cooperation agreement governing all gold production with Sycomines, the licensed and permitted artisanal gold mining association, which is currently operating on the Avanti project areas. Under the agreement, all gold mining activities will be done by Sycomines with all gold produced to be sold to Primera Gold DRC SA ("Primera Gold"). Primera Gold is a joint venture between the Primera Group, a United Arab Emirates ("UAE") company based in Abu Dhabi, and the Government of the Democratic Republic of the Congo ("DRC"). The DRC and Primera Gold agreement grants Primera Gold the right to purchase and export artisanally-mined gold with the aim to facilitate supply chain traceability with direct access to the end purchaser.

Avanti Gold Announces Formalization of Artisanal Mining Agreement at Misisi Gold Project (newsfilecorp.com)
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