Sale of Makapela, a non-core asset, provides significant non-dilutive capital for Loncor to move forward its flagship Adumbi gold deposit Loncor Gold Inc. is pleased to announce that it has entered into an agreement for the sale of Loncor's Makapela. - Veroeffentlicht am 13.12.2023
Loncor says hole drilled at its Adumbi deposit intersects significant widths and grades in gold zones
The results included 20 metres grading 4.21 grams per tonne (g/t) gold, including 11 metres grading 6.91 g/t gold, and 17.30 metres grading 2.48 g/t gold The Canadian gold exploration company is focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo
Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) reported significant assay results from its drilling program at the Imbo Project, at the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo.
The Canadian gold exploration company revealed that borehole LADD013 drilled at its flagship Adumbi deposit, intersected 20 metres grading 4.21 grams per tonne (g/t) gold (including 11 metres grading 6.91 g/t Au), 17.30 metres grading 2.48 g/t gold (including 8.20 metres grading 4.71 g/t Au), and 7.04 metres grading 2.68 g/t gold.
Figure 1 Adumbi Deposit Longitudinal Section Looking Northeast with Drill Hole Grade (g/t) x True Thickness (Metre) Product Contours Figure 2 Geological Interpretation Surface Plan of the Adumbi Deposit Figure 3 Geological Cross Section A-B Highlighting Increase in Higher Grade, “Replacement Rock” at Depth in Borehole LADD013 Results include 20.00 metres grading 4.21 g/t gold (including 11.0 metres grading 6.91 g/t gold) and 17.30 metres grading 2.48 g/t gold (including 8.20 metres grading 4.71 g/t gold) Loncor also provides update on Barrick Joint Venture exploration TORONTO, May 25, 2021 (GLOBE NEWSWIRE) Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQX: "LONCF”; FSE: "LO51") is pleased to announce further significant assay results from its drilling program within its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. Borehole LADD013