Loncor Resources Inc (TSX:LN) (OTCQX:LONCF) (FRA:LO51) announced Tuesday that the third core hole of a 7,000-metre drilling program at its Adumbi deposit in the Democratic Republic of the Congo indicates a significant gold intersection.
In a statement, the company noted the intersection was at 28 metres (m) grading 3.26 grams per ton (g/t) of gold (including 4.90m grading 6.96 g/t Au and 3.53m grading 8.30 g/t Au) and 20.30m grading 2.83 g/t Au (including 6.55m grading 4.64 g/t Au and 2.30m grading 7.25 g/t Au) at its 84.68% owned Imbo Project in the eastern part of the Ngayu greenstone belt.
Loncor said borehole LADD004 had an inclination of minus 70 degrees and azimuth of 220 degrees at the start of hole and regular measurements of inclination and azimuth were taken at 30-metre intervals down the hole.
READ: Loncor Resources hits significant gold intercepts in second hole at Adumbi deposit, DRC
All core was orientated and it is estimated that the true widths of the mineralised sections are 81% of the intersected width. All intercepted grades are uncut and LADD004 intersected the mineralized zone at a shallower depth than planned due to upward deflection of the borehole.
“We are very encouraged by the results of the first three core holes of our 7,000 metre drilling program at Adumbi,” said Loncor President Peter Cowley. “All these boreholes have intersected significant widths and grades and should increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi, both within the current open pit and at depth below the pit.”
Loncor said the gold mineralization at Adumbi is associated with a thick package (up to 130m) of interbedded banded ironstone and quartz carbonate and chlorite schist with higher grade sections being found in a strongly altered siliceous unit termed “Replaced Rock” (RP) where structural deformation and alteration has completely destroyed the primary host lithological fabric. Disseminated sulphide assemblages include pyrite, pyrrhotite and arsenopyrite, which can attain up to 20% of the total rock in places.
The objective of the current drilling program at Adumbi is to outline additional mineral resources to the current inferred mineral resource of 2.5 million ounces of gold on Loncor’s 84.68%-owned Imbo Project, which contains the Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au).
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