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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 Aug 21, 2021 10:35am
75 Views
Post# 33744787

RE:RE:Charts Showing additional info on hole locations

RE:RE:Charts Showing additional info on hole locations Thanks for the explanation nozz on how the modeling system adds ounces. So correct me if opinions are different but the way management currently focus drill programs is they go for the best return on drill $ adding known ounces instead of drilling other properties with great potential. I could see them continuing to do that on the next drill program with infill between 12 14 and 16 as well as continuing to drill at deeper levels testing the underground potential. This leaves me to question... when will the company look at other properties to see what potential we have outside of Adumbi. There is one stock Arriane Phosphate we're management quit drilling because the size of of resource getting bigger was irrelevant and started focusing on mining operations. The stock as stalled as every knows they don't have the ability to take it into production and is a buyout candidate. Trouble with that is they only have one property to work on. Loncor has many many more but will need to continue to raise money for high risk drilling afterwards. What is the magic number on ounces before we see a focus away from Adumbi? Looking forwards to the discussion.
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