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Bullboard - Stock Discussion Forum 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... see more

TSX:LN - Post Discussion

Loncor Gold Inc > Adumbi Drilling Results Qualifying for Tier 1
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Post by nozzpack on Jun 03, 2021 7:22am

Adumbi Drilling Results Qualifying for Tier 1

  • Holes below the proposed Pit shell include LADD009 - 32.15 m @ 6.17 g/t (including 1.46 metres @ 94.77 g/t gold) and 15.36 metres at 3.73 g/t gold (including 5.89 metres at 6.56 g/t gold)

  • Grades appear to be increasing with depth

  • Aim - To add significant ounces in line or better than Kibalis’ underground intercepts (+4 g/t grade, +10 metre wide), with a target of creating a Tier 1 deposit

    The above is from the new presentation which uses Kibali underground intercepts as the standard for Tier 1 Adumbi rating ( 
     (+4 g/t grade, over +10 metre wide)

    So far only one hole has been drilled beneath the pit shell meets those guidelines........32.15 m @ 6.17 gms/ton and 1
    5.36 metres at 3.73 g/t gold

    Two more holes coming soon..

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