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Loncor Resources reports drilling results from deepest borehole to date at Imbo gold project

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Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) announced additional assay results Thursday from the drilling program at its roughly 85%-owned Imbo Project in the Democratic Republic of the Congo. 

The deepest borehole drilled to date at its flagship Adumbi deposit, LADD007, intersected 55.43 metres grading 2.76 grams per ton (g/t) gold (Au), including 12.45 metres grading 8.11 g/t Au. 

The company also received results from core hole LADD006, which was a shallower hole drilled on the northeastern contact of the Adumbi deposit. Drilling results included an intersection of 15.2 metres grading 1.67 g/t Au.

READ: Loncor Resources closes upsized $5.75 million private placement financing

“We continue to be encouraged by the results at Adumbi,” Loncor president Peter Cowley said in a statement. “Results from all five boreholes of our current drilling program have intersected significant widths and grades and will increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi. We are especially pleased with the continuity of gold mineralization at depth.”

The gold mineralization at Adumbi is associated with up to 130 metres of interbedded banded ironstone and quartz-carbonate and chlorite schist, the company said, with higher grade sections being found in a strongly altered siliceous unit known as “Replaced Rock,” where structural deformation and alteration has completely destroyed the primary host lithological fabric. 

The objective of the drilling program at Adumbi is to outline additional mineral resources to the current inferred 2.5 million ounces of gold on the Imbo Project, which contains the Adumbi, Kitenge and Manzako deposits, including inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/941737/loncor-resources-reports-drilling-results-from-deepest-borehole-to-date-at-imbo-gold-project-941737.html


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