Loncor Gold Inc announced assay results from its drilling program within its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of Congo.
The Toronto-based company reported that the final borehole of this year’s drilling program, borehole LADD026, drilled at its Adumbi deposit, intersected 22.03 meters (m) grading 5.11 grams per tonne (g/t) gold, 11.20m grading 4.93 g/t gold, 4.83m grading 2.51 g/t gold and 6.50m grading 2.36 g/t gold.
READ: Loncor receives ‘very good’ wide gold intercepts from infill drill program at Adumbi deposit
“This core hole was situated below the open pit shell in the northwest of the Adumbi deposit and intersected the mineralization at a vertical depth of 480m below the surface. These results with high grades over significant widths further demonstrate the underground resource potential below the pit shell as well as excellent continuity of the mineralized, banded ironstone formation (BIF),” said Loncor President Peter Cowley.
He added: “The gold mineralization at Adumbi is directly related to the chemical and physical properties of the BIF host rock and Figure 3 shows that the mineralized BIF is increasing in thickness with depth.”
Adumbi Longitudinal Section Highlighting Increased Thickness of the Mineralized Banded Ironstone (BIF) Host Rock with Depth
Cowley added that drilling has been completed for this year with “the immediate focus now being ongoing metallurgical, processing, mining, infrastructural, environmental, and financial studies in order to complete the Preliminary Economic Assessment (PEA) by year-end.”
“As part of the PEA, an updated resource within the pit shell is being undertaken with the aim of maximizing the available in pit ounces and converting a sizeable percentage of the existing inferred resource into the indicated category,” he noted.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo. Its team has over two decades of experience in operating in the DRC. Loncor’s growing resource base in the Ngayu Belt currently comprises the Imbo and Makapela Projects.
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