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 > Is Barrick about to make a bid for Loncor?

Bullboard Posts

Next >>

Comment by 1kgcoffeeon Dec 24, 2020 12:51am

149 Views

Post# 32175800

RE:Is Barrick about to make a bid for Loncor?

Not bad results, but you don't buy a company off two decent drill holes.

It seems to me like Loncor is trying to pump the price for a PP by releasing news before all the drilling has been done and then re-releasing it through another website that has no credibility. I think most smart investors can see right through this behaviour and it frightens me personally. The market hasn't responded why?

Bullboard Posts

Next >>

The top 10 Canadian medical stocks