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 > Adumbi Resources….6 holes added 1 million ounces in 2021

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Comment by nozzpackon Jul 22, 2021 10:20am

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Post# 33587375

RE:RE:RE:RE:Adumbi Resources….6 holes added 1 million ounces in 2021

That is quite true but somewhat irrelevant to the patient investor who sees the quickly emerging substantial value and its likely monetization within months.

A great example here is Cardinal Resources ( CDV ) which traded at 20..25 cents until early 2020 and then received competing offers and was sold to a Chinese gold company for just over $1.10 per share ( $550 m ) a few months later.

A low grade african deposit grading 1.13 gms/ton, AISC of $895 US, 15 year mine life and after tax NPV5 of $590 million.

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Sirios Resource discovers visible gold in Quebec