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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 mferguson71on Nov 25, 2020 2:47am
132 Views
Post# 31967682

RE:RE:Hidden Gem

RE:RE:Hidden GemNo doubt there is risk. One thing I like about Loncor is that they aren't just relying on Barrick. Barrick partnership is basically a free ride. Get to tag along and they have upside with little downside. Sure beats trying to drill and develop multiple different areas. They do have a project of their own they are working at building resource numbers. Trouble is we need the drills turning and so does every other mining company to do that to increase the resource. I'm surprised to be honest how it is hanging in there given the price of gold, and the recent news. We need gold to find a bottom as seasonals for gold and silver start to turn around mid November. Patience, we are early in the mining swing. Seems like forever for those who were in it years ago and have saw the gradual decline in prices until early this year. 
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