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.

TSX:LN - Post by User

Loncor Gold Inc > Nice announcement

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Post by Frozengoldwaition Dec 15, 2021 10:21am

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Post# 34232497

Nice announcement

There is acouple of things I am questioning.

Skeena came out with a similiar kind of pea . 300,000oz / 10 years
Is it all West African location having a low value? Are the partners that bad? Metalurgy?

Was this a misprint ? "Drilling commenced on the Adumbi deposit in 2010 and to date 21,512 M" Some companies drill 25,000 meters in a month not 11 years.

The Valus of this company should be much higher based on this PEA

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