- Loncor Gold (TSX: LN) (OTCQX: LONCF) reports significant gold intersections at its Adumbi deposit.
- The deepest drill hole, LADD029, extended gold mineralization to 805m below Adumbi Hill.
- The Adumbi deposit holds 3.66 million ounces of gold resources within a USD1,600/oz open pit shell.
Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF), a Canadian gold exploration company, has announced encouraging drilling results from the Adumbi deposit. The Adumbi deposit currently hosts 3.66 million ounces of gold resources, including an indicated mineral resource of 1.88 million ounces (28.185 million tonnes at 2.08 g/t Au) and an inferred mineral resource of 1.78 million ounces (20.83 million tonnes at 2.65 g/t Au) within a USD1,600/oz open pit shell.
The deepest drill hole to date, LADD029, intersected multiple high-grade gold zones. Significant intersections include:
- 22.31 metres grading 3.05 g/t gold (including 4.64 metres at 5.83 g/t)
- 14.50 metres grading 4.24 g/t gold (including 10.17 metres at 5.23 g/t)
- 15.57 metres grading 3.35 g/t gold
Drill hole LADD029 extended gold mineralization down to 805 metres below Adumbi Hill and intersected the thickest banded ironstone formation package ever drilled at Adumbi, confirming potential for a significant underground resource.
Peter Cowley, President of Loncor Gold, highlighted the significant underground resource potential indicated by these results, noting that LADD029 intersected the thickest banded ironstone formation with a true thickness of 148 metres.
These promising results at Adumbi demonstrate Loncor's ongoing commitment to expanding its gold resources in the Democratic Republic of the Congo's Ngayu Greenstone Gold Belt.
