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Bullboard - Stock Discussion Forum Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Metals & Mining Gold
Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a... see more

TSX:LN - Post Discussion

Loncor Gold Inc > Current Opening Statement on the Website
View:
Post by nozzpack on Aug 16, 2021 6:57pm

Current Opening Statement on the Website

ADUMBI CLOSING IN ON A PEA* AND 5 MILLION OUNCES OF RESOURCES

Loncor’s Adumbi deposit is targeting a PEA within Q4 2021, and close to 5 million ounces of resources at a similar time. The total Adumbi resource currently stands at 3.5M ozs (including two satellite deposits). Given Adumbi’s open pit inferred resource grade of 2.37g/t we believe the PEA should offer unit costs similar to the nearby Kibali mine, the lowest cost African mine Barrick controls. READ MORE

Comment by nozzpack on Aug 16, 2021 7:00pm
Close to 5 million ounces at Adumbi in time for the PEA in November 2021.....3 months from now. That would mean adding nearly 1.5 m ounces by the current drilling program. Very ambitious but these guys rarely bragg..
Loncor Gold Inc
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