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Loncor Gold targets 5M ounces at Adumbi Deposit with high-grade drilling in DRC

Loncor Gold targets 5M ounces at Adumbi Deposit with high-grade drilling in DRC

Loncor Gold Inc CEO John Barker talked with Proactive's Angela Harmantas at the PDAC conference in Toronto to talk about the company’s ongoing exploration at the Adumbi deposit in the Democratic Republic of Congo (DRC). He highlighted the significant potential of the Ngayu greenstone belt, where Loncor controls a 16km stretch with a mining permit in place.

Barker emphasized that the geology is comparable to Barrick’s nearby Kibali mine, which holds over 15 million ounces of gold. He noted that Loncor is aiming for 5 million ounces by the end of 2025, supported by a robust 11,000-meter drilling program. Initial drill results have shown high-grade intersections, including 10 meters at 7 g/t gold and another interval exceeding 10 meters at 6 g/t gold.

Discussing operations in the DRC, Barker pointed to Kibali’s 14 years of successful operation as a strong precedent. He also reassured investors that Loncor’s experienced team, with decades of work in the region, positions the company well for future development.

#LoncorGold #GoldMining #DRCMining #GoldExploration #MiningStocks #Investing #AdumbiDeposit #BarrickGold #KibaliMine #GoldInvesting

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