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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 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.


TSX:LN - Post by User

Comment by 1kgcoffeeon May 28, 2021 7:37pm
83 Views
Post# 33291476

RE:I lost $30,000 on the sister company BANRO

RE:I lost $30,000 on the sister company BANROAren't you disturbed by the fact that Loncor management glossed over major material information by disloclosing it in the bottom of an unrelated news release, and not even indicating so in the title of said release? By that I mean Barrick pulling out of the exploration deal. This means that most of Loncors land is a write off.

I want to believe, I just don't trust Loncor management even a little bit. If they would do such a thing, it shows they do not respect common shareholders. I believe they might preparing for a major PP at these prices to fund any future exploration (since barricks not going to do it.)
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