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 > Another Good Proxy

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Comment by givemeabreak1on Feb 04, 2022 4:06am

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RE:Another Good Proxy

Nozz
As for you Rupert Comparison! I am not sure it is valid!
Rupert is in a Tier 1 Jurisdiction
Rupert has already double the drilling used in the initial resource
Rupert has had recent monster drill results
Rupert has 50 million in cash in comparison to Nada
Rupert is using over $1400 gold for pit design assumption Loncor is using over $1600
Ruperts break even cost for underground gold recovery is half of that of Loncor.
Loncor only owns 75% of the project!

I could go on! Needless to say spend some time educating yourself more you will find things become investments rather than lottery tickets.

This one falls between an investment and lottery ticket at this time! Spend wisely!

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