Loncor Resources

Loncor Gold Inc. (TSX:LN, OTCQX:LONCF), in a corporate update to its shareholders, has announced that discussions continue with potential strategic partners with respect to the development of Loncor's gold deposits in the Democratic Republic of the Congo (DRC). The gold exploration company said it has concluded a leasing agreement with Ding Sheng Services SARL that permits Ding Sheng to mine the non-strategic alluvial potential to the south of Adumbi, with a focus on the gravels bordering the Imbo River. » Mehr auf proactiveinvestors.com

Loncor Gold Inc. (TSX:LN, OTCQX:LONCF) said it has now filed its previously-reported preliminary economic assessment (PEA) of its open pit Adumbi gold deposit at the Imbo project in the Democratic Republic of the Congo (DRC), which showed average annual production of 303,000 ounces at a feed grade of 2.17 grams per tonne (g/t) gold over a 10.3 year mine life. Also in today's statement, the firm revealed it has been in "preliminary discussions" with potential strategic partners over further advancing its Adumbi and Makapela gold deposits in DRC. » Mehr auf companies

Canadian junior with early-stage exploration projects near highly profitable Barrick operation in the Democratic Republic of the Congo Flagship Imbo project boasts an inferred resource of 30.7 million tons grading at 2.6 grams per ton gold for just over 2.5 million ounces Joint ventured with Barrick to explore prospective swath of land along the mineral-rich Ngayu Belt Major shareholder Resolute Mining owns 26.5% of the company What Loncor Gold does: Loncor Gold Inc (TSE:LN) (OTCQX:LONCF) is sitting on some very valuable land in the mineral-rich Ngayu Belt of the Democratic Republic of the Congo. The Ngayu Belt is 220 kilometres southwest of the Kibali gold mine, operated by Barrick Gold, which produced a record 814,000 ounces at an all-in-sustaining-cost of US$693 per ounce. » Mehr auf companies