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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 nozzpackon Oct 22, 2021 5:15am
150 Views
Post# 34036018

RE:Next Steps

RE:Next Steps They are considering two choices for the deeper gold below the pit.
Continue drilling with current funds which will last another 6 months or wait until 2022 and drill a lot deeper.

They are now activelly promoting the stock around the globe.
The first was October 19, another Nov 2 and another one in late December.

They will get those warrants into the money and as well they recignize the need to elevate the share price so that any offer can be sold to its shareholders without them questioning why the premium is so high.

I see us above $3 once the PEA is released .......a $6 offer then can be more easily sold to the shareholders of the acquiring company
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