Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by nozzpackon Nov 19, 2021 11:16am
75 Views
Post# 34145725

Re Historical mines..

Re Historical mines..

 


We all know that shallow alluvial mines ( ie Open Pit ) have their source rock lodes in the basement . These lodes are much higher grade and can extend to more than 2km deep , with gold grades increasing with depth.

Basement lodes are primary ( sulphide ) which is mined as hard rock gold as opposed to free digging of the shallow oxide gold.

What is very interesting is that all eight historical alluvial mines in the Imva Fold have Primary mines which have been either very lightly exploited or not exploited at all.


It is evident that mostly alluvial deposits were exploited, due to the ease of mining and extraction and due to the fact that it was mostly mined on a small scale.
Makapeka and Mongailena are among these and we already know the grades of the basement lode of Makapela...over 7 gms per ton just at shallow depths.


Adumbi is a good example of just how little historical mining exploited these dozen or so good deposits.....we are already above 5 m ounces..

Using Makapela...only one drilled in Imva Fold....and Adumbi as examples, it's quite likely that the Imva Fold has multiple Adumbis yet to be drilled



 

<< Previous
Bullboard Posts
Next >>