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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 Sep 14, 2021 9:04am
86 Views
Post# 33854073

RE:RE:More Superb pit infill Assays…..15.73 m @5.28 gms..

RE:RE:More Superb pit infill Assays…..15.73 m @5.28 gms..I hate to be a Debbie downer Nozz but I think the market is waiting for the PEA to come out.. These remain excellent drill results but aren't the flashy type the market gets excited for. These will go a long way when it comes to incorporating them into the PEA and money invested. Management is doing a great job. With gold bouncing around sideways I think the stock consolidates a little more flushing out any potential selling pressure from the raise 5 or 6 months ago. Many investors or at least the smart ones are trying to accumulate before the PEA is released. Just my opinion.. none the less this is a great news release.
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