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 > last 24 months

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Comment by nozzpackon Jan 07, 2022 3:36pm

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Post# 34294376

RE:last 24 months

That is correct.
I invested because Adumbi looked to be a clone of Kibali .....same lithology and structural environment dominated by BIF.

Nothing has changed that assumption.
Most do not recognize that Reserves contain the highest grades.
Even with only Indicated and Inferred Resources, Adumbi compares very favourably with Kibali at its early production stage.

So, we have another Kibali here which requires only market discovery..

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