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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 > Last ABX update on Makapela Sattelite Discoveries..Nov/ 20
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Post by nozzpack on Jun 05, 2021 6:09am

Last ABX update on Makapela Sattelite Discoveries..Nov/ 20

The Mokepa target lies in the northern margin, adjacent to the interpreted F2 fold hinge in a setting similar to Barrick's operating Kibali gold mine, and just 3 km away from Makapela.

In November 2020, the first core hole was started, reported Loncor.

 
Two encouraging trench results have been received, 600 metres apart with wide zones of gold mineralization of 110 metres grading 0.50 grams per ton (g/t) gold and 32 metres grading 0.99 g/t gold.

No Drilling Update

 
Meanwhile, the Mongaliema target lies around 7 kilometres northwest of Loncor's wholly-owned Makapela project where indicated mineral resources of 614,200 ounces and 549,600 ounces of inferred have already been outlined by Loncor.

 
During the quarter, Barrick carried out mapping, auger drilling, scout-pitting and trenching and there was an encouraging trench/artisanal pit assay of 37.3 metres grading 1.48 g/t gold plus several rock samples from old artisanal workings yielding gold mineralization including 14.9 g/t, 5.23g/t, 2.9g/t and 2.43g/t gold, the firm noted.

 
Pitting, trenching and augering is continuing to determine the full extent of this mineralized system.
 

No Subsequent Update

Comment by nozzpack on Jun 05, 2021 7:24am
My sincere apologies for my erroneous statement that there were no updates on ABX exploration results at Mokepa and Makapelabeyond November 2020. There were and are as follows........ MOKEPA " At Mokepa, six scout holes were drilled, with the best holes assaying 19 metres grading 1.04 grams per tonne gold in borehole ADDD0001 and 46.7 metres grading 1.32 grams per tonne gold in hole ...more  
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