- Loncor Resources (LN) has outlined a number of new undrilled mineralised trends at its Imbo gold project in the Democratic Republic of Congo
- Around eight kilometres south east of the Adumbi deposit, trenching work successfully outline three new mineralised stretches, named the Esio Wapi, Paradis and Museveni trends
- Despite further results still pending, the company has been encouraged by early channel sampling results at all three new trends, including 19.80 metres at 1.58 grams per tonne gold
- Loncor currently owns an 84.68 per cent interest in the property, which is estimated to contain 614,000 indicated gold ounces from 2.21 million tonnes of mineralised material
- Loncor Resources (LN) is down 3.85 per cent and is trading at $0.75 per
Loncor Resources (LN) has outlined a number of new undrilled mineralised trends at its Imbo gold project in the Democratic Republic of Congo.
Loncor currently owns an 84.68 per cent interest in the property, which is estimated to contain 614,000 indicated gold ounces across 2.21 million tonnes of mineralised material.
Recent exploration work at the site focused on the Adumbi, Kitenge and Manzako deposits, hoping to outline surrounding areas to add to the current mineral estimate.
Around eight kilometres south east of the Adumbi deposit, trenching work successfully outline three new mineralised stretches, named the Esio Wapi, Paradis and Museveni trends.
At Esio Wapi, numerous soil geochemical results have reported notable readings up to 2,230 parts per billion gold over a 3.2 kilometres mineralised trench. Channel sampling work at Esio Wapi included 19.80 metres at 1.58 grams per tonne gold.
Meanwhile at the Paradis, which was measured to a strike length of 800 metres, the company detected significant channel sampling up to 5.44 grams per tonne gold across 6.8 metres.
Finally, at Museveni, soil samples are still pending but the company has been encouraged by similar grade samples, including six metres at 4.37 grams per tonne gold.
Loncor’s President Peter Cowley commented on the newly identified trends and outlined the company’s next moves.
“Situated approximately nine kilometres from our key deposit of Adumbi, we are very encouraged by the exploration results received to date on the eastern part of our Imbo Project.
“Additional infill soil sampling, augering and channel sampling will be undertaken at Esio Wapi, Paradis and Museveni to better define these mineralised trends prior to outlining drill targets later in the year,” he said.
Loncor Resources (LN) is down 3.85 per cent and is trading at C$0.75 per share at 2:00pm EDT.