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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

Comment by nozzpackon Feb 16, 2022 8:51pm
61 Views
Post# 34436337

RE:Companies to follow

RE:Companies to followIt's my opinion that, much like Orca, we will see a cash rich senior become a substantial owner of Adumbi, with Loncor carried to construction.

Its my hope if not belief that those two shells waiting for a project will get their project as part of the deal such that satellites like Makapela under go expedited exploration and development .

The mid March Road show was cancelled , so I expect to see news within that time frame .

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