Loncor Gold Inc, a Canadian precious metals company focused on Africa, has released assay results from a drilling program conducted on its 84.68%-owned Imbo project, located in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo.
The company highlighted Borehole LADD023 which was drilled at its flagship Adumbi deposit and intersected 34.63 metres (m) grading 3.12 grams per tonne (g/t) gold (including 5.75m grading 7.23 g/t gold and 7.15m grading 5.55 g/t gold) and 29.82m grading 1.77 g/t gold.
READ: Loncor Gold releases promising assays from infill drill program at Imbo in DRC
“This infill core hole was situated within the central part of the open pit shell with the objective of converting a good part of the 3.15 million ounce inferred resource into a higher confidence category,” Loncor president Peter Cowley said in the statement.
Cowley continued: “Results received for this infill program demonstrate very good continuity of the mineralized, banded ironstone formation (BIF) package. Drilling has now been completed within the pit shell as well as below the pit to outline potential underground resources at depth.”
Now the company will focus on metallurgical, processing, mining and infrastructural and financial studies at Adumbi in order to complete the preliminary economic assessment (PEA) due out in December of this year.
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