Avanti Gold Corp. has closed a C$51.75 million bought deal private placement consisting of 103.5 million units. The proceeds are earmarked for a 42,000-metre exploration program at the Misisi Project and the advancement of a maiden Preliminary Economic Assessment.
Avanti Gold Corp. has reported high-grade gold drill results from its 2026 Phase I program at the Akyanga Deposit in the DRC. Notable intercepts include 11.50 m at 6.50 g/t Au and 5.70 m at 8.01 g/t Au, with mineralisation found both below the current pit shell and in the interpreted hanging wall.
Loncor Gold has received a final court order from the Ontario Superior Court of Justice approving its plan of arrangement to be acquired by Chengtun Gold Ontario Inc. (a subsidiary of Chengtun Mining Group). The transaction is subject to remaining closing conditions.
Loncor Gold has reported high-grade gold drill results from its Adumbi deposit, highlighted by a 1.36m intercept at 298 g/t Au in hole LADD033. The drilling confirms mineralization at depth below the current USD$1,600/oz open pit shell, suggesting potential for underground mining.
Loncor Gold shareholders have overwhelmingly approved the acquisition of the company by Chengtun Mining Group Co., Ltd. via a plan of arrangement. The transaction is now subject to final court approval and the satisfaction of remaining closing conditions.
Loncor Gold is advancing its arrangement transaction to be acquired by Chengtun Mining for Cdn$1.38 per share. The company addressed recent Chinese government travel warnings for eastern DRC, noting the Adumbi project is located 500km away from the cautioned areas.
Loncor Gold has reported multiple high-grade gold intersections from its deep drilling program at the Adumbi deposit in the DRC. Hole LADD031 intersected several mineralized zones, including an 8.56 g/t Au intercept over 12.72m, situated below the current open pit shell.
Loncor Gold Inc. has entered into an arrangement agreement to be acquired by Chengtun Mining Group Co., Ltd. for C$1.38 per share in an all-cash transaction valued at approximately C$261 million. The Imbo Project in the DRC holds an indicated resource of 1.88 million ounces of gold and an inferred resource of 2.09 million ounces.
Loncor Gold has mobilized an additional core rig at its Adumbi deposit in the DRC to accelerate a +/-11,000-metre deep drilling program. The move follows a period where 2025 drilling meterage fell short of company expectations.
Loncor Gold has reported encouraging deep drilling results from its Adumbi deposit in the DRC. Hole LADD030 intersected several gold-mineralized zones at a depth of approximately 643 metres, including an intercept of 5.61 m at 5.24 g/t gold.
