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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
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Post by JPGOLDon Feb 16, 2022 10:26am
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Post# 34433494

IMPROVEMENTS TO AISC

IMPROVEMENTS TO AISC
  • Loncor published their basic PEA on Jan 31. Included in this press release are plans to substantially improve on their AISC costs over life of mine.
  •  
  • Additional Geotechnical Investigations

    Additional geotechnical investigations including drilling is recommended to optimize and potentially steepen pit slopes especially for the competent fresh BIF host rock which could reduce the strip ratio and thereby lower mining costs at Adumbi.

  • Further Metallurgical Testwork

    Additional metallurgical testwork including additional flotation and petrographic studies is recommended to confirm recoveries, reagent consumptions and optimize flowsheet design.

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