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 contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

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Loncor Gold Inc

Bullboard Posts

Post by Electrum.jkon Dec 07, 2012 2:35pm

151 Views

Post# 20700053

HOME RUN

Two years ago it looked as if Loncor was a candidate in making a big discovery . A HOME RUN, It has spent a lot of money on exploration and has defined a resource of 1.0 million ounces.It is still drilling on new targets but remains in a down trend ........ Will shareholders ever be rewarded ?

Bullboard Posts

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