Loncor Gold Reports Multiple Wide High Grade Gold Intersections at Its Drill Program at Adumbi
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.
Loncor Gold (TSX: LN) (OTCQX: LONCF) ha annunciato risultati di perforazione significativi dal suo deposito di Adumbi, che attualmente detiene una risorsa mineraria indicata di 1,88 milioni di once d'oro (28,185 milioni di tonnellate con un grado di 2,08 g/t Au) e una risorsa inferita di 1,78 milioni di once (20,83 milioni di tonnellate con un grado di 2,65 g/t Au).
I punti salienti del foro di perforazione LADD027 includono:
- 22,64 metri con un grado di 4,77 g/t d'oro (inclusi 13,97 metri a 6,99 g/t d'oro)
- 16,07 metri con un grado di 5,82 g/t d'oro (inclusi 11,85 metri a 7,14 g/t d'oro)
- 0,45 metri con un grado di 26,94 g/t d'oro
Le intersezioni sono state trovate a una profondità verticale di 478 metri sotto la superficie, 75 metri sotto il contorno della miniera precedentemente delineato a USD1.600/oz. La larghezza reale delle sezioni mineralizzate è stimata al 77% delle larghezze intersecate.
Loncor Gold (TSX: LN) (OTCQX: LONCF) ha anunciado resultados significativos de perforación de su depósito de Adumbi, que actualmente tiene un recurso mineral indicado de 1.88 millones de onzas de oro (28.185 millones de toneladas con una ley de 2.08 g/t Au) y un recurso inferido de 1.78 millones de onzas (20.83 millones de toneladas con una ley de 2.65 g/t Au).
Los aspectos más destacados del pozo LADD027 incluyen:
- 22.64 metros con una ley de 4.77 g/t de oro (incluyendo 13.97 metros a 6.99 g/t de oro)
- 16.07 metros con una ley de 5.82 g/t de oro (incluyendo 11.85 metros a 7.14 g/t de oro)
- 0.45 metros con una ley de 26.94 g/t de oro
Las intersecciones se encontraron a una profundidad vertical de 478 metros bajo la superficie, 75 metros por debajo del contorno de la mina delineado previamente a USD1,600/oz. El ancho verdadero de las secciones mineralizadas se estima en el 77% de los anchos intersecados.
론코르 골드 (TSX: LN) (OTCQX: LONCF)는 현재 아둠비 광산에서 188만 온스의 금(2818.5만 톤, 2.08 g/t Au)의 추정 광물 자원과 178만 온스(2083만 톤, 2.65 g/t Au)의 추정 자원을 보유하고 있다고 발표했습니다.
LADD027 시추공의 주요 하이라이트는 다음과 같습니다:
- 4.77 g/t 금으로 22.64미터(6.99 g/t 금으로 13.97미터 포함)
- 5.82 g/t 금으로 16.07미터(7.14 g/t 금으로 11.85미터 포함)
- 26.94 g/t 금으로 0.45미터
이 교차점은 표면에서 수직 깊이 478미터에서 발견되었으며, 이전에 윤곽이 잡힌 USD1,600/oz 구덩이 경계보다 75미터 아래에 있습니다. 광물화된 구역의 실제 너비는 교차된 너비의 77%로 추정됩니다.
Loncor Gold (TSX: LN) (OTCQX: LONCF) a annoncé des résultats de forage significatifs de son dépôt d'Adumbi, qui détient actuellement une ressource minérale indiquée de 1,88 million d'onces d'or (28,185 millions de tonnes avec une teneur de 2,08 g/t Au) et une ressource inférée de 1,78 million d'onces (20,83 millions de tonnes avec une teneur de 2,65 g/t Au).
Les points clés du trou de forage LADD027 incluent:
- 22,64 mètres avec une teneur de 4,77 g/t d'or (y compris 13,97 mètres à 6,99 g/t d'or)
- 16,07 mètres avec une teneur de 5,82 g/t d'or (y compris 11,85 mètres à 7,14 g/t d'or)
- 0,45 mètres avec une teneur de 26,94 g/t d'or
Les intersections ont été trouvées à une profondeur verticale de 478 mètres sous la surface, 75 mètres sous le contour de la mine précédemment défini à 1 600 USD/oz. La largeur réelle des sections minéralisées est estimée à 77 % des largeurs intersectées.
Loncor Gold (TSX: LN) (OTCQX: LONCF) hat bedeutende Bohrergebnisse aus seinem Adumbi-Vorkommen bekannt gegeben, das derzeit über eine angezeigte Mineralressource von 1,88 Millionen Unzen Gold (28,185 Millionen Tonnen mit einem Gehalt von 2,08 g/t Au) und eine vermutete Ressource von 1,78 Millionen Unzen (20,83 Millionen Tonnen mit einem Gehalt von 2,65 g/t Au) verfügt.
Die wichtigsten Ergebnisse aus dem Bohrloch LADD027 umfassen:
- 22,64 Meter mit einem Gehalt von 4,77 g/t Gold (einschließlich 13,97 Meter mit 6,99 g/t Gold)
- 16,07 Meter mit einem Gehalt von 5,82 g/t Gold (einschließlich 11,85 Meter mit 7,14 g/t Gold)
- 0,45 Meter mit einem Gehalt von 26,94 g/t Gold
Die Schnittstellen wurden in einer vertikalen Tiefe von 478 Metern unter der Oberfläche gefunden, 75 Meter unter dem zuvor festgelegten USD1.600/oz Grubenrand. Die wahre Breite der mineralisierten Abschnitte wird auf 77% der geschnittenen Breiten geschätzt.
- High-grade gold intersections with significant widths discovered
- Results indicate potential for underground operation expansion
- Drilling location extends 75m below current pit shell boundary
- Current resource: 3.66M oz gold (1.88M oz indicated + 1.78M oz inferred)
- Deep drilling at 478m indicates potentially costly future mining operations
- Results from hole LADD027 reported 22.64 metres grading 4.77 g/t gold (including 13.97 metres grading 6.99 g/t gold), 16.07 metres grading 5.82 g/t gold (including 11.85 metres grading 7.14 g/t gold) and 0.45 metres grading 26.94 g/t gold
Toronto, Ontario--(Newsfile Corp. - February 26, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company") is pleased to announce encouraging drilling results from its deep drilling program at the Company's 3.66 million ounce Adumbi deposit where an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au), and an inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au) have already been delineated within a USD1,600/oz open pit shell. Borehole LADD027 intersected 16.07 metres grading 5.82 grammes per tonne (g/t) gold (including 11.85 metres grading 7.14 g/t gold), 22.64 metres grading 4.77 g/t gold (including 13.97 metres grading 6.99 g/t gold) and 0.45 metres grading 26.94 g/t gold (see Table and Figure 1 below).
Significant mineralized sections for borehole LADD027 are summarised in the table below:
| Borehole Number | From (m) | To (m) | Intersected Width (m) | Grade (g/t) Au |
| LADD027 | 421.09 | 421.54 | 0.45 | 26.94 |
| LADD027 | 533.24 | 535.86 | 2.62 | 4.06 |
| LADD027 | 564.61 | 580.68 | 16.07 | 5.82 |
| LADD027 including | 568.83 | 580.68 | 11.85 | 7.14 |
| LADD027 | 603.24 | 625.88 | 22.64 | 4.77 |
| LADD027 including | 611.33 | 625.30 | 13.97 | 6.99 |
| LADD027 | 654.09 | 656.16 | 2.07 | 4.25 |
Note: It is estimated that the true width of the mineralised sections for core hole LADD027 is
Commenting on these latest drilling results, Loncor CEO John Barker said: "Hole LADD027 was situated in the northwest of the Adumbi deposit and intersected the mineralization at a vertical depth of 478 metres below surface, and 75 metres below the previously outlined USD1,600/oz pit shell. When combining these results with prior deeper holes in proximity, we are excited by the high grades over excellent widths that have been recorded. The combination continues to offer significant potential for an underground operation to complement the open pit at Adumbi. Drilling continues and we expect further results in March."
Quality Control and Quality Assurance
Drill cores for assaying were taken at a maximum of one-metre intervals and were cut with a diamond saw, with one-half of the core placed in sealed bags by Company geologists and sent to the Company's on-site sample preparation facility. The core samples were then crushed down to
Qualified Person
Peter N. Cowley, who is President of Loncor and a "qualified person" as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release.
Figure 1: Adumbi Deposit Longitudinal Section Looking Northeast with Drill Hole Grade (g/t) x True Thickness (Metre) Product Contours
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1824/242446_6e5fd7faf4f3daf4_001full.jpg
Technical Report
Additional information with respect to the Company's Adumbi deposit (and other properties of the Company within its Imbo Project) is contained in the technical report of New SENET (Pty) Ltd and Minecon Resources and Services Limited dated December 15, 2021 and entitled "NI 43-101 Preliminary Economic Assessment of the Adumbi Deposit in the Democratic Republic of the Congo". A copy of the said report can be obtained from SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
About Loncor Gold Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (the "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt is focused on the Imbo Project where the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with
Additional information with respect to Loncor and its projects can be found on Loncor's website at www.loncor.com.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding drilling results at Adumbi, the potential for an underground operation to complement the open pit at Adumbi, future Adumbi drill results, mineral resource estimates, potential mineralization, future exploration and development) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration (including drilling) or development results will not be consistent with the Company's expectations, risks related to the exploration stage of the Company's properties, uncertainties relating to the availability and costs of financing needed in the future, the possibility that drilling programs will be delayed, failure to establish estimated mineral resources (the Company's mineral resource figures are estimates and no assurances can be given that the indicated levels of gold will be produced), changes in world gold markets or equity markets, political developments in the DRC, gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production), fluctuations in currency exchange rates, inflation, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting drilling results and other geological data and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated April 1, 2024 filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
For further information, please visit our website at www.loncor.com or contact:
John Barker, CEO, +44 7547 159 521
Arnold Kondrat, Executive Chairman, +1 416 366 7300
Peter Cowley, President, +44 790454 0856
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242446
FAQ
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