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Bullboard - Stock Discussion Forum
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.
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TSX:LN - Post Discussion
Loncor Gold Inc
> I lost $30,000 on the sister company BANRO
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•••
Murphymouse
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Post by
Murphymouse
on May 28, 2021 1:53pm
I lost $30,000 on the sister company BANRO
C'est la vie
This time around I think then could pull it off.
$4 stock
(12)
•••
1kgcoffee
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Comment by
1kgcoffee
on May 28, 2021 7:37pm
Aren't you disturbed by the fact that Loncor management glossed over major material information by disloclosing it in the bottom of an unrelated news release, and not even indicating so in the title of said release? By that I mean Barrick pulling out of the exploration deal. This means that most of Loncors land is a write off. I want to believe, I just don't trust Loncor management even a
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nozzpack
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Comment by
nozzpack
on May 29, 2021 2:20pm
DRC is a very large area. Kibali has been operating for nearly a decade with no problems and Ugumbi is 220 km farther away than Kibali from the 3 troublesome provinces adoining the Uganda border which is where the islamic attacks have been occurring for quite a while. The new Govt is taking these incursions much more seriously and should prevail with increased military forces. I see no
...more
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