Loncor's ready to transform as Adumbi attracting attentionTUESDAY, NOVEMBER 2, 2021 - 12:40 PM TO 1:10 PM ETLONCOR GOLD'S READY TO TRANSFORM AS ADUMBI'S SIZE, GRADE, AND VALUATION IS ATTRACTING ATTENTIONby John Barker - CEO, Loncor Gold, Inc.Focus: INDUSTRIALS
Loncor Gold, Inc., is a Canadian exploration company focused on the expanding 84.68% owned Adumbi gold project in the NE of the DRC, 120 miles from Barricks Kibali gold mine, Africa's largest producer. Adumbi appears to have a similar grade to the low cost Kibali, with open pit inferred resources of 3.15M ozs and ongoing drilling targeting significant additions below the pit outline. An ongoing Scoping Study will reveal an initial value for Adumbi in December 2021. Including other deposits, Loncor controls 4.016M ozs (46.22Mt @ 2.70g/t) of inferred and 0.6M ozs (2.21Mt @8.66g/t) of indicated resources.
Given the size, quality, and ongoing growth potential of Loncor's +4M oz gold deposits, the company's current valuation stands out as a significant outlier versus numerous regional comparables. With only two months until an independent valuation is placed on Loncor's main multimillion ounce deposit it's a very exciting time for Loncor Gold. Please join us to hear where Loncor Gold has come from, and where the team is swiftly taking them!