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Bullboard - Stock Discussion Forum Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

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 > Expanding the Drilling Program ? Adding to the 5 million Ozs
View:
Post by Aberta1 on Aug 18, 2021 2:22pm

Expanding the Drilling Program ? Adding to the 5 million Ozs

In May 2021, the Company announced that Barrick Gold has informed Loncor that it will not be continuing exploration on the Loncor/Barrick joint venture ground (which ground covered approximately 2,000 square kilometers of the Ngayu greenstone belt) . Loncor will be assessing the results of the Barrick joint venture program to determine whether further exploration by Loncor on the joint venture ground is warranted. In particular, the Mongaliema target, which is only seven kilometres from Loncor’s Makapela deposit, will be further explored by Loncor especially as this promising target has not been drilled by Barrick. Mongaliema will be evaluated to determine whether it has the resource potential to be combined with the nearby Makapela deposit. The high grade of the Makapela deposit also affords the potential for this resource to be transported to a central processing facility at Adumbi.

Comment by nozzpack on Aug 18, 2021 4:03pm
Absolutely . As Makapela will not be included in the PEA....Inboe East will be its future multimillion ounce satelite. Makapela is barely explored and surface trenching below 10 meters shows Monga as a clone of Makapela and probably linked by the extra high grade basement lodes....which will be spun out by  Kondy to his existing TSX listed shell..
Comment by nel12 on Aug 18, 2021 8:00pm
" existing TSX listed shell "=== If it is listed,what is the name and symbol please.
Comment by nozzpack on Aug 19, 2021 5:03pm
Gentor Resources..GNT
Comment by nel12 on Aug 19, 2021 6:02pm
THANK YOU so much...