RE:Loncor Closes Upsized FinancingWe should see hole #16 soon.
That one is the deepest as I recall.
Dont know how many more holes below the pit floor but that might become available once we see the chart for #16.
As I said earlier, there are very large gaps in the current ( 3.15 m ounce ) open pit krieging model where interpolation between widely spaced intersects would be assumed to have zero grades.
Drilling additional holes to fill in these zero gaps will boost the resource level as well as increasing statistical confidence , while converting to the much higher valued Indicated category.
Once all of these new holes are drilled within the pit from the current financing ,they are indicating a 5 m ounce pit resource might be the outcome .
Thats pretty aggressive but what do I know.
In the past, Loncor has usually come in early on their timelines.
If they stick to the currently defined pit resource, I got a feeling that we will see the PEA before Nocvember..