Pensanapic_edited_edited.jpg

Loncor Gold Inc.

TSX:LN

Canada based gold exploration Company which focuses on large scale and high grade gold projects on the Ngayu Belt in the Democratic Republic of Congo

Overview

  • The Adumbi gold deposit Imbo Project this project is based on Loncor’s 84.68% owned Imbo Project area.

  • Gold hosted in a 100m thick Banded Iron Formation along a 14km trend.

  • Adumbi is the core of the known mineralization; drilled extensively along a 900m strike, and down dip to 600m but remains open. Grades appear to increasing with depth.

  • Pit resource expanded 132% since April 2020 to 3.15mnoz Au. 

  • Adumbi has delivered strong drill results with 32.2m at 6.17g/t Au and 20m at 4.21g/t au.

  • Two other gold deposits being explored in the Adumbi gold deposit area- Kitenge and Manzako; high grade satellite deposits with current grades above 5g/t Au.

  • At Kitenge, 4 kilometres southwest of Adumbi, drilling has outlined inferred resources of 191,000 ounces of gold grading 6.6 g/t Au while at Manzako, an inferred resource of 122,000 ounces of gold grading 5.0 g/t Au has been outlined.

  • PEA planned for Adumbi which will incorporate upcoming metallurgical testwork and focus on open pit potential only; ongoing drilling to demonstrate underground potential is planned.

  • The Makapela project gives the company exploration optionality, and this project is approximately 50km from the Adumbi gold deposit and 100% owned by Loncor.

  • 3km strike with a series of subvertical sheared BIF and quartz veins with reefs of up to 6m thick grading up to 64g/t Au.

  • 1.16mnoz total resource inventory at a 2.75g/t cut-off; average resource grade is 8.66g/t on this basis.

  • Open at depth and along strike.

Loncor Location Map.PNG

Share Price

Reserves & Resources

Loncor RnR.PNG