Loncor Gold Reports Multiple Gold Intersections at Its Drill Program at Adumbi
Loncor Gold (OTCQX: LONCF) has announced promising results from its deep drilling program at the Adumbi deposit, which currently holds 3.66 million ounces of gold resources. Borehole LADD030 revealed multiple significant gold intersections, including 11.43 metres grading 1.77 g/t gold, 6.61 metres grading 4.56 g/t gold, and 7.73 metres grading 2.26 g/t gold.
The drilling was conducted below the open pit shell in the northwest of the deposit, intersecting several mineralized zones at a vertical depth of 643 metres. The total true thickness of the BIF package hosting the gold mineralization was 107.80 metres, approximately 100 metres below the USD1,600 pit shell outline.
Loncor Gold (OTCQX: LONCF) ha annunciato risultati promettenti dal suo programma di perforazioni profonde presso il giacimento Adumbi, che attualmente contiene 3,66 milioni di once di risorse aurifere. Il foro di sondaggio LADD030 ha rivelato molteplici intersezioni significative di oro, inclusi 11,43 metri con una gradazione di 1,77 g/t oro, 6,61 metri con una gradazione di 4,56 g/t oro e 7,73 metri con una gradazione di 2,26 g/t oro.
Le perforazioni sono state eseguite al di sotto del profilo della cava a cielo aperto nella parte nord-ovest del giacimento, intercettando diverse zone mineralizzate a una profondità verticale di 643 metri. Lo spessore reale totale del pacchetto BIF che ospita la mineralizzazione aurifera è stato di 107,80 metri, circa 100 metri sotto il contorno del profilo della cava da 1.600 USD.
Loncor Gold (OTCQX: LONCF) ha anunciado resultados prometedores de su programa de perforación profunda en el depósito Adumbi, que actualmente contiene 3,66 millones de onzas de recursos de oro. El sondeo LADD030 reveló múltiples intersecciones significativas de oro, incluyendo 11,43 metros con una ley de 1,77 g/t de oro, 6,61 metros con una ley de 4,56 g/t de oro y 7,73 metros con una ley de 2,26 g/t de oro.
La perforación se realizó por debajo del contorno de la mina a cielo abierto en el noroeste del depósito, interceptando varias zonas mineralizadas a una profundidad vertical de 643 metros. El espesor verdadero total del paquete BIF que alberga la mineralización de oro fue de 107,80 metros, aproximadamente 100 metros por debajo del contorno de la mina a cielo abierto de 1.600 USD.
Loncor Gold (OTCQX: LONCF)는 현재 366만 온스의 금 자원을 보유한 Adumbi 광상에서 진행한 심층 시추 프로그램의 유망한 결과를 발표했습니다. 시추공 LADD030은 11.43미터 구간에서 1.77 g/t 금 함량, 6.61미터 구간에서 4.56 g/t 금 함량, 7.73미터 구간에서 2.26 g/t 금 함량을 포함한 여러 중요한 금 교차 구간을 확인했습니다.
이번 시추는 광상 북서쪽의 노천 채굴 구역 아래에서 수행되었으며, 수직 깊이 643미터에서 여러 광화대 구간을 관통했습니다. 금 광화를 포함하는 BIF 패키지의 총 실두께는 107.80미터로, 1,600달러 노천 채굴 구역 윤곽선 아래 약 100미터 지점에 위치합니다.
Loncor Gold (OTCQX: LONCF) a annoncé des résultats prometteurs de son programme de forage profond au gisement d'Adumbi, qui détient actuellement 3,66 millions d'onces de ressources aurifères. Le forage LADD030 a révélé plusieurs intersections significatives d'or, notamment 11,43 mètres à 1,77 g/t d'or, 6,61 mètres à 4,56 g/t d'or et 7,73 mètres à 2,26 g/t d'or.
Le forage a été réalisé sous la coque de la fosse à ciel ouvert au nord-ouest du gisement, interceptant plusieurs zones minéralisées à une profondeur verticale de 643 mètres. L'épaisseur réelle totale du paquet BIF hébergeant la minéralisation aurifère était de 107,80 mètres, soit environ 100 mètres en dessous du contour de la fosse à ciel ouvert à 1 600 USD.
Loncor Gold (OTCQX: LONCF) hat vielversprechende Ergebnisse seines Tiefbohrprogramms bei der Adumbi-Lagerstätte bekannt gegeben, die derzeit über 3,66 Millionen Unzen Goldressourcen verfügt. Das Bohrloch LADD030 zeigte mehrere bedeutende Goldabschnitte, darunter 11,43 Meter mit einem Gehalt von 1,77 g/t Gold, 6,61 Meter mit 4,56 g/t Gold und 7,73 Meter mit 2,26 g/t Gold.
Die Bohrungen wurden unterhalb der Tagebauhülle im Nordwesten der Lagerstätte durchgeführt und durchquerten mehrere mineralisierte Zonen in einer vertikalen Tiefe von 643 Metern. Die Gesamtdicke des BIF-Pakets, das die Goldmineralisierung beherbergt, betrug 107,80 Meter, etwa 100 Meter unterhalb der USD1.600-Tagebauhülle.
- Multiple high-grade gold intersections discovered in deep drilling program
- Existing indicated mineral resource of 1.88 million ounces of gold at 2.08 g/t Au
- Additional inferred mineral resource of 1.78 million ounces of gold at 2.65 g/t Au
- Successful extension of mineralization below current pit shell
- Deep mineralization at 643 metres may require more complex and costly mining methods
- Gold grades in new intersections are relatively moderate compared to existing resource grades
- Results from hole LADD030 reported 11.43 metres grading 1.77 g/t gold, 6.61 metres grading 4.56 g/t gold and 7.73 metres grading 2.26 g/t gold
Toronto, Ontario--(Newsfile Corp. - July 29, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company") is pleased to announce further encouraging drilling results from its deep drilling program at the Company's 3.66 million ounce Adumbi deposit where an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au), and an inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au) have already been delineated within a USD1,600/oz open pit shell. Borehole LADD030 intersected 11.43 metres grading 1.77 grammes per tonne (g/t) gold, 6.61 metres grading 4.56 g/t gold (including 5.61 metres grading 5.24 g/t gold) and 7.73 metres grading 2.26 g/t gold (see Table and Figure 1 below).
Significant mineralized sections for borehole LADD030 are summarised in the table below:
| Borehole Number | From (m) | To (m) | Intersected Width (m) | Grade (g/t) Au |
| LADD030 | 693.73 | 696.10 | 2.37 | 2.51 |
| LADD030 | 718.70 | 726.43 | 7.73 | 2.26 |
| LADD030 including | 718.70 | 724.06 | 5.36 | 2.98 |
| LADD030 | 751.80 | 763.23 | 11.43 | 1.77 |
| LADD030 | 791.25 | 797.86 | 6.61 | 4.56 |
| LADD030 Including | 791.25 | 796.86 | 5.61 | 5.24 |
Note: It is estimated that the true width of the mineralised sections for core hole LADD030 is approximately
Commenting on these latest drilling results, Loncor CEO John Barker said: "Core hole LADD030 was situated below the open pit shell in the northwest of the Adumbi deposit and intersected several mineralized zones at a vertical depth of 643 metres below surface and approximately 100 metres below the USD1,600 pit shell outline on section. The total true thickness of the BIF package which hosts the gold mineralization was 107.80 metres."
Quality Control and Quality Assurance
Drill cores for assaying were taken at a maximum of one-metre intervals and were cut with a diamond saw, with one-half of the core placed in sealed bags by Company geologists and sent to the Company's on-site sample preparation facility. The core samples were then crushed down to
Qualified Person
Peter N. Cowley, who is President of Loncor and a "qualified person" as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release.
Figure 1: Adumbi Deposit Longitudinal Section Looking Northeast with Drill Hole Grade (g/t) x True Thickness (Metre) Product Contours
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1824/260464_2508d015447149b1_001full.jpg
Technical Report
Additional information with respect to the Company's Adumbi deposit (and other properties of the Company within its Imbo Project) is contained in the technical report of New SENET (Pty) Ltd and Minecon Resources and Services Limited dated December 15, 2021 and entitled "NI 43-101 Preliminary Economic Assessment of the Adumbi Deposit in the Democratic Republic of the Congo". A copy of the said report can be obtained from SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
About Loncor Gold Inc.
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 "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt is focused on the Imbo Project where the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with
Additional information with respect to Loncor and its projects can be found on Loncor's website at www.loncor.com.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding drilling results at Adumbi, underground mineral resource potential below the Adumbi pit shell, mineral resource estimates, potential mineralization, future exploration and development) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration (including drilling) or development results will not be consistent with the Company's expectations, risks related to the exploration stage of the Company's properties, uncertainties relating to the availability and costs of financing needed in the future, the possibility that drilling programs will be delayed, failure to establish estimated mineral resources (the Company's mineral resource figures are estimates and no assurances can be given that the indicated levels of gold will be produced), changes in world gold markets or equity markets, political developments in the DRC, gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production), fluctuations in currency exchange rates, inflation, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting drilling results and other geological data and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 31, 2025 filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
For further information, please visit our website at www.loncor.com or contact:
John Barker, CEO, +44 7547 159 521
Arnold Kondrat, Executive Chairman, +1 416 366 7300
Peter Cowley, President, +44 790454 0856
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260464
FAQ
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