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

Bullboard Posts

Post by Electrum.jkon Jul 12, 2011 1:20pm

225 Views

Post# 18823038

$2.35 Support >>>

Inspite of the good potential for Loncor my bullishness is waivering..

Why??
Because last 6 weeks of trading has been a disaster.. Only 5 or 6,000 shares trade per day..Hardly a Market..
Support level [say @ $2.35] is being tested ..
Lack of drill results maybe indicating results are not as great as those previously released..

ANY other comments would be appreciated ..

Bullboard Posts

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