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 > New Discoveries.. Adumbi is getting Much much bigger

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Comment by nozzpackon Feb 24, 2021 11:07am

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Post# 32646759

RE:New Discoveries.. Adumbi is getting Much much bigger

Loncor is replicating the first stage and second stage exploration model that was used to define Adumbi deposit.........channel, soil, colonial and Artisanal gold indices.

Subsequent drilling confirmed the substantial foot print indicated by stage 1 and stage gold indices .

The difference is that the total strike length of these new discoveries in Imbo East is the the combined strike distance is 9.2 km compared to 2 km for Adumbi.

This suggests that these Imbo East discoveries have the potential to reach if not exceed 10 million ounces.

Drilling results should be very interesting.

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