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 > News ..Updated Adumbi Resource increases by 500,000 ounces

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Comment by nozzpackon Nov 17, 2021 1:07pm

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Post# 34136962

RE:News ..Updated Adumbi Resource increases by 500,000 ounces

I was pretty close as we added 500,000 ounces to Adumbi to increase its pit total including two satellites to nearly 3.9 m ounces .
Adding Makapela, we have 5.15 million ounces.
Which means that management met their guidance of 5 million ounces exiting 2021.

I don't know if they have enough to estimate an Inferred total below the pit, but that can come later.

So, all the Adumbi pit data is now tabulated and ready to be used as input to the PEA model which will be released in December.

Its been a satisfying wait..

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This profitable gold stock is on its way up