Deepest Hole To Dates Intersects Wide Zones Of Gold Mineralisation
Loncor Gold Inc.’s (TSX: LN; OTCQX: LONCF; FSE: LO5) deepest borehole drilled to date at its flagship Adumbi deposit, LADD016, has intersected 25.59m grading 2.39 g/t gold.
The results from hole LADDO16 also included 6.09m @ 4.78 g/t Au and 8.09m @ 1.90 g/t Au.
The details were amongst a significant set of assay results from its drilling programme within its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo.
President, Peter Cowley, said 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.
“Borehole LADD016 is the deepest hole drilled to date at Adumbi with a depth of 640m below surface and on section, 300m below the shallower hole LADD013 which intersected 20.00m grading 4.21 g/t Au and 17.30 metres grading 2.48 g/t Au,” Mr Cowley said.
“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.”
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo.
The Loncor team has over two decades of experience of operating in the DRC. Loncor’s growing resource base in the Ngayu Belt currently comprises the Imbo and Makapela Projects.
At the Imbo Project, the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 3.466 million ounces of gold (42.996 million tonnes grading 2.51 g/t Au), with 84.68% of this resource being attributable to Loncor.
Loncor is currently carrying out a drilling programme at the Adumbi deposit with the objective of outlining additional mineral resources.
The Makapela Project (which is 100%-owned by Loncor and is located approximately 50 kilometres from the Imbo Project) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).
For further information please visit: http://www.loncor.com/