Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Loncor Gold says latest holes drilled at Adumbi deposit intersect significant widths and grades

% of readers think this story is Fact. Add your two cents.


Loncor Gold Inc (TSE:LN) (OTCQX:LONCF) (FRA:LO51) has revealed significant assay results from a drilling program on its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo.

The Canadian gold exploration company reported that Borehole LADD017 drilled at its flagship Adumbi deposit, intersected 25.77 metres grading 6.24 grams per tonne (g/t) gold, including 9.29 metres grading 9.68 g/t Au and 5.50 metres grading 9.75 g/t gold, while borehole LADD012 intersected 13.45 metres grading 3.63 g/t gold and borehole LADD014 intersected 11.80 metres grading 2.97 g/t gold.

Regular measurements of inclination and azimuth were taken at 30 metre intervals down the hole and all intercepted grades are uncut with maximum internal dilution equal to or less than 4 metres of intersected width, explained the company.  

READ: Loncor Gold launches non-brokered private placement to raise C$4.9M

In a statement, Loncor president Peter Cowley said: “Borehole LADD017 was the first of the infill holes to upgrade the mineral resources within the shallower part of the open pit shell and gold grades were better than the previously drilled surrounding holes. Boreholes LADD012 and LADD014 were drilled on the southeast edge of the mineralization and as expected, thickness of the banded ironstone package as well as grades were less than in the central part of the Adumbi deposit.”

“This further indicates a shallower northwest plunge to the mineralization. Our current drilling focus is to upgrade some of the shallower, inferred resource within the US$1,500 pit shell into the indicated category and to outline underground resources at depth below the 3.15-million-ounce inferred resource pit shell,” he added.

In this regard, the deepest hole at Adumbi, LADD016 was recently completed after intersecting a wide zone of the mineralized package and is now being submitted to an independent lab for gold analysis, said the company.

Loncor noted that gold mineralization at Adumbi is associated with a thick package up to a maximum of 130 metres of interbedded banded ironstone formation (BIF) and quartz-carbonate and chlorite schist with higher grade sections being found in a strongly altered siliceous unit termed “Replaced Rock” (RP) where structural deformation and alteration has completely destroyed the primary host lithological fabric.

The Canadian gold exploration company has a growing resource base in the Ngayu Greenstone Gold Belt comprising the Imbo and Makapela Projects.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/954760/loncor-gold-says-latest-holes-drilled-at-adumbi-deposit-intersect-significant-widths-and-grades-954760.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.