en.Wedoany.com Reported - Toubani Resources Limited (ASX: TRE) has announced the completion of its acquisition of approximately 19.9% interest in Avanti Gold Corp. (CSE: AGC, FSE: X370, OTCQB: AVTGF). Avanti Gold Corp. confirmed that the transaction involved existing shareholders selling shares to Toubani through private transactions, with the company itself not being a party to the transactions and receiving no proceeds. The acquisition consideration was paid in the form of Toubani shares and options, with Toubani disclosing an acquisition price of C$0.65 per share.

Avanti Gold Corp.'s exploration strategy remains unchanged. The company currently has four drill rigs operating at its Misisi Project site in the Democratic Republic of the Congo (DRC), with plans to increase to six rigs by the end of July, representing the largest drilling capacity ever deployed at the project. The 2026 exploration program aims to expand and upgrade the existing 3.11 million ounces of NI 43-101 compliant inferred mineral resources at the Akyanga deposit, while systematically testing multiple high-priority targets along the 55-kilometer-long Kibara Gold Belt. The first batch of 2026 assay results is expected to be released in the coming weeks.

The Misisi Project is located in the Fizi Territory of South Kivu Province, DRC, comprising three consecutive 30-year mining leases covering a 133-square-kilometer area along the 55-kilometer-long Kibara Gold Belt. The Akyanga deposit, situated in the central part of the project, hosts NI 43-101 compliant inferred mineral resources of 40.8 million tonnes at an average grade of 2.37 g/t gold, containing 3.11 million ounces of gold. This resource is based on 19,956 meters of historical drilling, including 105 diamond drill holes totaling 19,070 meters and 6 reverse circulation drill holes totaling 887 meters. The resource extends from surface to a vertical depth of 350 meters, with a strike length of approximately 2,100 meters, and remains open at depth and along strike.

Avanti Gold Corp. is an Africa-focused gold exploration company, with its flagship asset being the Misisi Project in the DRC and its Akyanga gold deposit. The deposit has inferred mineral resources of 40.8 million tonnes at an average gold grade of 2.37 g/t, totaling 3.1 million ounces of gold. The Kibara Gold Belt, where the project is located, is a renowned metallogenic province known for hosting large-scale gold deposits.