Loncor Gold Inc is a Canadian gold exploration company focused on the expanding 84.68% owned Adumbi gold project in the NE of the DRC – 120 miles from Barricks Kibali gold mine, Africa’s largest producer. Adumbi appears to have a similar grade to the low cost Kibali, with open pit inferred resources of 3.15M ozs, and ongoing drilling targeting significant additions below the pit outline. An ongoing Scoping Study will reveal an initial value for Adumbi in December 2021. Including other deposits, Loncor controls 4.016M ozs (46.22Mt @ 2.70g/t) of inferred and 0.6M ozs (2.21Mt @8.66g/t) of indicated resources.
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