Welcome to our dedicated page for Loncor Gold news (Ticker: loncf), a resource for investors and traders seeking the latest updates and insights on Loncor Gold stock.
Loncor Gold Inc. (LONCF) is a Canadian mineral exploration company focused on advancing its gold projects in the Democratic Republic of Congo's Ngayu Greenstone Belt. This page serves as the definitive source for all official company announcements, operational updates, and strategic developments.
Investors and industry observers will find timely access to press releases covering drilling results, resource estimates, and project milestones. The curated news collection includes updates on exploration programs, technical reports, and corporate announcements, providing essential insights into the company's progress in one of Africa's prospective gold regions.
Key content categories include quarterly financial disclosures, operational progress reports from the Adumbi deposit, management commentary, and third-party analysis of exploration data. All materials are sourced directly from company filings and verified partners to ensure reliability.
Bookmark this page for streamlined access to Loncor Gold's latest developments. Regular updates ensure stakeholders maintain current awareness of technical advancements and corporate strategy in this dynamic exploration environment.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced a brokered private placement to raise up to C$5.0 million through the sale of up to 9,090,909 units at C$0.55 per unit. Each unit includes one common share and half a warrant, with each whole warrant exercisable at C$0.80 for 36 months. Red Cloud Securities will act as sole agent with an option to sell additional units for up to C$1.0 million.
The offering, scheduled to close on May 23, 2025, will be available to purchasers in select Canadian provinces and internationally. Proceeds will fund exploration at the company's Imbo Project in the Democratic Republic of the Congo's Ngayu Greenstone Belt and general corporate purposes.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced significant drilling results from its Adumbi deposit, which currently holds 3.66 million ounces of gold resources. The deepest drill hole LADD029 revealed multiple gold intersections including:
- 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
The deposit currently contains 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. LADD029 extends gold mineralization to 805 metres below Adumbi Hill and intersected the thickest banded ironstone formation package ever drilled at Adumbi.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced promising drilling results from its Adumbi deposit, which currently holds 3.66 million ounces of gold resources. The latest borehole LADD028 revealed significant gold intersections including:
- 13.92 metres grading 6.01 g/t gold (including 7.94 metres grading 9.54 g/t gold)
- 0.87 metres grading 82.97 g/t gold
- 7.40 metres grading 1.49 g/t gold
The Adumbi deposit currently contains an indicated mineral resource of 1.88 million ounces (28.185 million tonnes grading 2.08 g/t Au) and an inferred mineral resource of 1.78 million ounces (20.83 million tonnes grading 2.65 g/t Au) within a USD1,600/oz open pit shell. The mineralization was intercepted at 290 metres below surface, with an estimated true width of 81% of the intersected widths.
Loncor Gold (TSX: LN) (OTCQX: LONCF) has announced significant drilling results from its Adumbi deposit, which currently holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au) and an inferred resource of 1.78 million ounces (20.83 million tonnes grading 2.65 g/t Au).
Key highlights from borehole LADD027 include:
- 22.64 metres grading 4.77 g/t gold (including 13.97 metres at 6.99 g/t gold)
- 16.07 metres grading 5.82 g/t gold (including 11.85 metres at 7.14 g/t gold)
- 0.45 metres grading 26.94 g/t gold
The intersections were found at a vertical depth of 478 metres below surface, 75 metres below the previously outlined USD1,600/oz pit shell. The true width of the mineralized sections is estimated at 77% of the intersected widths.
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