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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

Post by mferguson71on Jan 07, 2022 1:23am
251 Views
Post# 34291773

last 24 months

last 24 monthsLet's take a step back and look at the developments in the last two years. To myself as a shareholder I am very happy with from an exploration standpoint. It has actually exceeded my expectations to grow the ounces so quickly. But like most other stocks there have been disappointments as well. Price action after the PEA is certainly on the for front. But my question remains the same to other investors. Has the story changed at all? No. As of right not it has gotten better. We knew years ago this was a discovery that would eventually be sold (ever since the Barick JV) My view on the company has not changed. Keep in mind majority of the resource sector has been in a slow grind lower from their summer rallies. No panic on this from myself... at least not yet. The DRC Risk is the same as it was when I invented in the stock. Good luck to all patient longs.
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