- Loncor Gold (TSX:LN) released prospective drilling results from its 3.66 million ounce Adumbi deposit in the Congo
- The deposit, delineated within a US$1,600 per ounce open-pit shell, yielded highlights of 22.31 metres grading 3.05 grams per ton (g/t) gold, 14.50 metres grading 4.24 g/t gold and 15.57 metres grading 3.35 g/t gold
- Loncor is a Canadian gold exploration company focused on the Ngayu Greenstone gold belt in the Democratic Republic of the Congo
- Loncor Gold stock has added 77.78 per cent year-over-year but only 30.61 per cent since 2020
Loncor Gold (TSX:LN) released prospective drilling results from its 3.66 million ounce Adumbi deposit in the Congo.
The deposit, delineated within a US$1,600 per ounce open-pit shell, yielded highlights of 22.31 metres grading 3.05 grams per ton (g/t) gold, 14.50 metres grading 4.24 g/t gold and 15.57 metres grading 3.35 g/t gold from borehole LADD029, the deepest drilled at Adumbi to date. Assays are pending for the banded ironstone formation from 817.77 to 855 metres.
Friday’s news release follows significant gold intercepts published in March, including 13.92 metres grading 6.01 g/t gold, 0.87 metres grading 82.97 g/t gold and 7.40 metres grading 1.49 g/t gold from borehole LADD028.
Significant mineralized sections for borehole LADD029
| Borehole number | From (m) | To (m) | Intersected width (m) | Grade (g/t) gold |
| LADD029 | 672.04 | 678.95 | 6.91 | 1.34 |
| LADD029 | 713.00 | 727.50 | 14.50 | 4.24 |
| LADD029 Including | 717.33 | 727.50 | 10.17 | 5.23 |
| LADD029 | 750.26 | 772.57 | 22.31 | 3.05 |
| LADD029 Including | 750.26 766.50 | 753.56 771.14 | 3.30 4.64 | 6.07 5.83 |
| LADD029 | 802.20 | 817.77 | 15.57 | 3.35 |
Leadership insights
“LADD029 is one of the most significant boreholes drilled at Adumbi with multiple zones of gold mineralization over an intersected width so far of 145.73 metres and indicates the significant, underground mineral resource potential below the 3.66 million ounces of the Adumbi open pit,” Peter Cowley, Loncor Gold’s president, said in a statement. “It is also the deepest hole drilled to date and extends the gold mineralization down to 805 metres below the elevation of Adumbi Hill. In addition, LADD029 intersected the thickest banded ironstone formation (BIF) package ever drilled at Adumbi (148 metres true thickness) and demonstrates that the favourable, mineralized BIF host is still going strong and increasing in thickness with depth in the northwest of the deposit. Gold mineralization at Adumbi is directly related to the favourable chemical and physical properties of the BIF.”
About Loncor Gold
Loncor is a Canadian gold exploration company focused on the Ngayu Greenstone gold belt in the northeast of the Democratic Republic of the Congo. Management brings over two decades of operations experience in the country.
Loncor Gold stock (TSX:LN) opened with a loss of 1.64 per cent trading at C$0.65. The stock has added 77.78 per cent year-over-year but only 30.61 per cent since 2020.
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(Top photo: Adobe Stock)
