Company
Loncor Gold Inc.
TSE:LN
Loncor Gold Inc is a Canadian gold exploration company focused on projects on the Ngayu Belt in the Democratic Republic of the Congo. The Adumbi gold deposit is the current focus of Loncor's activity and can be found within Loncor's 84.68% owned Imbo Project. Loncor has Africa’s largest gold producer, the Barrick-managed Kibali Gold mine as a neighbour 130 miles away.
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Loncor Gold moves one step closer to earning a mining permit for Makapela gold project in the DRC
The mining permit would apply to the potential development of the 1.164 million ounce Makapela gold resource found within the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo
Loncor Gold applies for exploitation permit to develop its Makapela gold resource in the Ngayu greenstone gold belt
The Makapela gold resource boasts an indicated resource of 614,200 ounces of gold and an inferred resource of 549,600 ounces at a 2.75 grams per ton gold cut-off
Loncor Gold closes C$3.38M private placement financing
The Canadian gold exploration company said it plans to use the proceeds for the development of its Adumbi and Makapela gold deposits and for general corporate purposes
Loncor Gold upsizes non-brokered private placement financing for gross proceeds of up to C$3.375M from C$2.5M
The company said it intends to use the proceeds from the financing for continued development of its Adumbi and Makapela gold deposits and for general corporate purposes
Loncor Gold announces non-brokered private placement for gross proceeds of up to C$2.5M
The company said it intends to use the proceeds from the financing for the continued development of the company's Adumbi and Makapela gold deposits and for general corporate purposes
Loncor Gold says discussions continue with potential partners over development of DRC gold deposits
The Africa-focused gold explorer noted initiation of these discussions was driven largely by the Preliminary Economic Assessment (PEA) conducted on the company's 84.7%-owned Adumbi deposit
Loncor Gold closes upsized non-brokered private placement of 5,650,000 units for gross proceeds of C$3,107,500
The company said it intends to use the proceeds from the financing for continued development of its Adumbi and Makapela gold deposits and for general corporate purposes
Loncor Gold announces non-brokered private placement for gross proceeds of up to C$2.75M
The company said it intends to use the proceeds from the financing for continued development of its Adumbi and Makapela gold deposits and for general corporate purposes
Loncor Gold files Adumbi deposit PEA; says it's in 'preliminary discussions' with potential strategic partners
The study was based on an Adumbi indicated resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold) and inferred of 1.78 million ounces (20.828 million tonnes grading 2.65 g/t gold) constrained within a US$1,600
Loncor Gold says Adumbi preliminary assessment signals robust project over life of the mine
The analysis found average total cash costs of US$852 per ounce over the life of the mine and all-in sustaining costs of US$950 per ounce for sticking with a HEP Hybrid power case
Loncor Gold announces an increase and upgrade in mineral resources at its Adumbi deposit in the Imbo Project in the DRC
Loncor’s President Peter Cowley commented: “This increase in mineral resources within a US$1,600 pit shell to 3.66 million ounces of gold includes an indicated mineral resource of 1.88 million ounces of gold and was achieved by infill drill
Loncor Gold reports multiple wide high-grade gold intersections at its Democratic Republic of Congo-based drill program
Loncor President Peter Cowley noted that drilling has been completed for this year with “the immediate focus now being ongoing metallurgical, processing, mining, infrastructural, environmental, and financial studies"
Loncor receives ‘very good’ wide gold intercepts from infill drill program at Adumbi deposit
The company highlighted Borehole LADD023 which was drilled at its flagship Adumbi deposit and intersected 34.63 metres grading 3.12 grams per tonne gold
Loncor Gold has the attention of major miners with its prospective gold projects in the DRC
The company’s flagship project, Imbo, sits on the eastern portion of the Ngayu belt and contains numerous targets including three resource-bearing gold deposits
Loncor Gold releases promising assays from infill drill program at Imbo in DRC
The precious metals explorer also highlighted the ‘significant mineralized’ results from borehole LADD024, which intersected 11.50 (m) grading 3.47 g/t gold, including 2.33m grading 7.79 g/t gold