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Loncor Gold's latest holes at Adumbi deposit in DRC augur well for improving the resource

The reported results come from four holes at the Adumbi deposit at the site, which hit significant widths and grades

Picture of Imbo project
Its flagship project, Imbo, in which the company owns nearly 85%, sits on the eastern portion of the mineral-rich Ngayu greenstone gold belt

Loncor Gold Inc revealed that the latest drill assays at its Imbo project in the Democratic Republic of the Congo augur well for improving the gold resource at the property. 

The reported results come from four holes at the Adumbi deposit at the site, which hit significant widths and grades. 

Highlights included 15.73 metres (m) grading 5.28 grams per ton (g/t) gold from 144.78m depth, including an intersection of 5m grading 13.70 g/t gold, in one hole. 

Another hole encountered 25.72m grading 2.26 g/t gold starting from a depth of 152.48m. 

READ: Loncor Gold says deepest hole drilled at Adumbi deposit intersects ‘wide zones’ of gold mineralization

"These reported core holes were all infill holes within the shallower part of the open pit shell with the objective of converting a good part of the 3.15 million-ounce inferred resource into a higher confidence category," said Loncor president Peter Cowley in a statement.

"The current drilling focus is to complete these infill holes within the shallower part of the pit and to outline potential underground resources at depth below the pit shell."

Loncor’s flagship project, Imbo, in which the company owns nearly 85%, sits on the eastern portion of the mineral-rich Ngayu greenstone gold belt.

At the firm's Imbo project, the Adumbi deposit and two neighboring deposits, there is an inferred mineral resource of 3.466 million ounces of gold (42.996 million tonnes grading 2.51 g/t gold), with 84.68% of this resource being attributable to Loncor.

Loncor is currently carrying out a drilling program at the Adumbi deposit with the objective of outlining additional mineral resources.

Contact the writer at giles@proactiveinvestors.com

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