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

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Post by nozzpackon Jun 03, 2021 7:22am

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Post# 33317378

Adumbi Drilling Results Qualifying for Tier 1

Holes below the proposed Pit shell include LADD009 - 32.15 m @ 6.17 g/t (including 1.46 metres @ 94.77 g/t gold) and 15.36 metres at 3.73 g/t gold (including 5.89 metres at 6.56 g/t gold)
Grades appear to be increasing with depth
Aim - To add significant ounces in line or better than Kibalis’ underground intercepts (+4 g/t grade, +10 metre wide), with a target of creating a Tier 1 deposit

The above is from the new presentation which uses Kibali underground intercepts as the standard for Tier 1 Adumbi rating ( (+4 g/t grade, over +10 metre wide)

So far only one hole has been drilled beneath the pit shell meets those guidelines........32.15 m @ 6.17 gms/ton and 15.36 metres at 3.73 g/t gold

Two more holes coming soon..