Loncor Gold Inc has revealed further significant assay results from a drilling program on its 84.68%-owned Imbo project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo.
The Canadian gold exploration company reported that the deepest borehole drilled to date at its flagship Adumbi deposit, LADD016, intersected 25.59 metres grading 2.39 grammes per tonne (g/t) gold, including 6.09 metres grading 4.78 g/t gold, and 8.09 metres grading 1.90 g/t gold.
Lancor said borehole LADD016 had an inclination of minus 75 degrees and azimuth of 218 degrees at the start of the hole and regular measurements of inclination and azimuth were taken at 30-metre intervals down the hole. All core was orientated, and it is estimated that the true widths of the mineralised sections are approximately 71% of the intersected width. All intercepted grades are uncut with maximum internal dilution equal to or less than 4 metres of intersected width, said the company.
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In a statement, Loncor president Peter Cowley said: “Borehole LADD016 is the deepest hole drilled to date at Adumbi with a depth of 640 metres below surface and on section, 300 metres below the shallower hole LADD013 which intersected 20 metres grading 4.21 g/t Au and 17.30 metres grading 2.48 g/t Au.”
“In addition, this deep hole intersected the thickest Banded Ironstone (BIF) host rock sequence in all the holes drilled to date by Loncor and demonstrates that the BIF sequence is still continuing strongly at depth,” he added.
Loncor noted that drilling is continuing at Adumbi with two drill rigs and is focusing on infill drilling within the inferred mineral resource open pit to generate indicated resources as well as below the pit to generate underground resources.
The Canadian gold exploration company has a growing resource base in the Ngayu Greenstone Gold Belt comprising the Imbo and Makapela Projects.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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