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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

Post by nozzpackon Nov 11, 2021 5:09pm
116 Views
Post# 34117042

Kibali increases Gold Resources @ 7500 ounces per Vertical m

Kibali increases Gold Resources @ 7500 ounces per Vertical mAdumbi pit, which will be in the 4.0 million ounces range across a pit depth of 500 metres, once current drill data are included, is doing slightly better than Kibali.( 8000 ounces per vertical m versus 7500 ounces for Kibali.

Rough ball parking of intercepts below the pit to 680 m  get about 5.75 gms per ton and increasing with depth .
This is about twice the average grade in the pit..which is quite normal for basement lodes.

This would suggest that below the Adumbi pit, Once fully delineated, average ounces defined per vertical metre could approach 15,000 ounces.

In other words, between the floor of the current pit ( 500 m )  and 1000 m, up to 7.5 million more ounces of high grade gold could be delineated once drilling resumes in 2022
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