LONCOR GOLD INC (LONCF: OTCQX International) | Loncor Gold Provides Operations Update: No Impact from Goma Unrest, with the Ongoing Drilling at Adumbi Continuing Unaffected
Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) has provided an operations update:
- The company’s Adumbi gold exploration project remains unaffected by recent unrest in Goma, which is about 746 kilometers southeast of Adumbi.
- Two drill rigs continue to operate at the Adumbi deposit, aiming to increase the resource towards the company’s 5 million ounce target.
- The Adumbi deposit currently holds:
- An indicated mineral resource of 1.88 million ounces of gold
- An inferred mineral resource of 2.090 million ounces of gold (including two neighboring deposits)
- Loncor completed a Preliminary Economic Assessment of the Adumbi deposit in December 2021.
- The company focuses on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo.
- Loncor’s team has over two decades of experience operating in the DRC.
This update reassures investors that Loncor’s operations are continuing as planned, despite regional unrest.
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