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 JasleenDhakaon Apr 04, 2023 7:24pm

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Post# 35379946

LN announced a $1.6 million private placement

Hey everyone,

I wanted to share some exciting news regarding Loncor Gold Inc. (TSX: LN). The company recently announced a $1.6 million private placement, which is a positive development for our investment. These funds will be used to support working capital and explore potential financing and strategic partnerships.

Additionally, it's worth noting that Loncor Gold's projects are located just 220 km away from Barrick's (TSX: ABX) Kibali mine, which is one of the largest gold mines in Africa.

read more for FREE: https://www.researchfrc.com/aiw-april-03-2023/

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