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.

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Loncor Gold Inc > Word to the wise

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Comment by Goldenhopeon Jan 17, 2021 5:54am

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Post# 32314777

RE:RE:RE:RE:RE:RE:Word to the wise

Thanks Golden Era. Amazing research as always.

GoldenEra wrote:

1kg coffee. This is getting ridiculous! You fired off 4 successive posts again promoting your view that somehow Barrick has a joint venture on the Adumbi deposit. You have created so much confusion - my son and I have now reviewed the company's website and press releases again to confirm this was not the case. What a waste of time. Relevant excerpts from the June 24, 2020 Press Release reads as follows:

" Adumbi Mining has entered into a joint venture agreement (the "New Barrick JV") with Barrick Gold (DRC) Limited for two exploitation permits held by Adumbi Mining (the “JV Permits”) covering ground contiguous to the Company's Imva area". Read this press release and look carefully at the map you posted. You will see IMVA is located on the left hand side of the map. On the right hand side you see the location of Adumbi and Imbo project area.

The boiler plate in the same press release states the following:

"In addition to the Barrick JV, certain parcels of land within the Ngayu project surrounding and including the Makapela and Adumbi deposits have been retained by Loncor and do not form part of the joint venture with Barrick."

I fail to understand why you are incapable of picking this up. How much clearer can this be? The fact is your analysis is wrong. You have essentially disparaged every aspect of the company's projects and even the future price of gold yet you say you would buy more stock in the 40 's. This doesn't make sense. Why are you posting anything on this chat room? OldGold also shows in his trip to site that Adumbi is outside the JV. Watch it again.

https://m.youtube.com/watch?v=TkMICdkijTk&feature=youtu.be

You have an agenda that is not aligned with the shareholders of this Company. Constructive comments are welcome. BS and lies are not. Goodnight !!