Company
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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The venture covers around 2,000 square kilometres and operator Barrick, which can earn up to 65%, has provided the firm with exploration reports
The ground covered by the two new JV agreements includes a number of priority exploration targets already outlined by Barrick, two of which are ready for initial scout core drilling
Drilling is expected to focus on the Adumbi deposit, which contains 2.2 million ounces of gold
Exploration work outlined three significant mineralized trends around 10 km southeast of the firm's 2.5-million-ounce Adumbi deposit
The gold producer believes the listing will facilitate improved access to gold and African-focused institutional investors.
A bevy of gold miners and developers will front Diggers audiences this week at the presenters’ podium.
Fellow ASX-listed Manas Resource has a large portfolio in Cote d’Ivoire.
The company now owns 51 million shares in Canadian-based Loncor Resources Inc.
