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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 May 25, 2021 9:52pm
95 Views
Post# 33265498

RE:RE:RE:New.. Another high grade intercept at Adumbi, ABX gone but,,

RE:RE:RE:New.. Another high grade intercept at Adumbi, ABX gone but,,If we are seeing those types of grades still in the existing pit, that in itself continues to boost my confidence in the stock. Off the top of my head Kibali goes down to like 1 km and we have these types of grades at 500 meters. We are seeing the grsde increase as well the deeper we go. Although it is sad to see ABX leave the jv, in my mind it makes sense. Why drill anymore for someone else's when you know you want to own their whole company. You may as well save the cash for purchase price. With Adumbi growing at each turn of the drill it is a matter of time. I think average shareholders don't realize what the PEA will look at compared to other lower grade open pit properties. This in my mind is a buyers opportunity, especially those who continue to accumulate.
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