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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Comment by Electrum.jkon Jan 25, 2012 3:39pm

140 Views

Post# 19448447

RE: A NEW YEAR and a

The uptrend is over. Because the stock appears to be under some contolling influences. What Are These ?

Perhaps the stock cannot get over $ 1.50 because the institutions,or insiders or Newmont are selling to keep the stock at this low price. Or Is it for another planned financing at a lower price or is it the drill results to date are not good.

Obviously, these influences[ and others ] do establish the LOW liquidity of daily trading.

May consider buying if liquidity and sentiment improves.

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