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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 26, 2021 6:23am
82 Views
Post# 33266032

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

RE:RE:RE:RE:RE:New.. Another high grade intercept at Adumbi, ABX gone but,,Ever since discovering Loncor Abx has been extremely quiet on any of the work the have done on the property. After the announcement yesterday (which details on results were very vague) I was kind of puzzled on why this was the case. If you know you will be in a bidding war after the PEA why disclose any information to your rivals. With he company sitting very good. I would propose the company take some of these properties that have been under explored and spin them out into loncor2.0. The market is giving them very little valuation in the current stock today. Just my thoughts. Good luck to all
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