Welcome to our dedicated page for Loncor Gold news (Ticker: loncf), a resource for investors and traders seeking the latest updates and insights on Loncor Gold stock.
LONCOR GOLD INC (LONCF) is a Canadian-based gold exploration company focused on advancing its projects in the Democratic Republic of the Congo (DRC). The company's primary asset is the Ngayu Gold Project, covering 2,077km² in the northeast DRC. With a strong management team and strategic partnerships, Loncor Gold aims to unlock the potential of its high-grade gold deposits and create significant value for shareholders.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced significant drilling results from its Adumbi deposit, which currently holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au) and an inferred resource of 1.78 million ounces (20.83 million tonnes grading 2.65 g/t Au).
Key highlights from borehole LADD027 include:
- 22.64 metres grading 4.77 g/t gold (including 13.97 metres at 6.99 g/t gold)
- 16.07 metres grading 5.82 g/t gold (including 11.85 metres at 7.14 g/t gold)
- 0.45 metres grading 26.94 g/t gold
The intersections were found at a vertical depth of 478 metres below surface, 75 metres below the previously outlined USD1,600/oz pit shell. The true width of the mineralized sections is estimated at 77% of the intersected widths.
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