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Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Metals & Mining Gold
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

Loncor Gold Inc
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Post by nozzpackon Dec 15, 2021 9:43am
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Post# 34232290

Loncor To Develop Adumbi ?

Loncor To Develop Adumbi ?There are serious indications that such might be the case...

Other opportunities are being pursued to improve Adumbi's economics.

The Company is already in discussion with potential power suppliers with experience in the DRC to project finance and build a hydroelectric facility at Adumbi and then have an offtake agreement with Loncor to supply power for the operation.

Any hydroelectric power scheme could also have the potential to obtain carbon credits."


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