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Loncor Gold deploys more drill-rigs in DRC

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Loncor Gold deploys more drill-rigs in DRC
Adumbi is located within the Imbo exploitation licence about 220km from Barrick Gold and AngloGold Ashanti’s Kibali Gold Mine. Image credit: Loncor Gold

Loncor Gold deploys more drill-rigs in DRC

Loncor Gold is mobilising three core rigs at its Adumbi project in the DRC

Canadian listed Loncor Gold announced that it has signed drill contracts and that three core rigs are being mobilised to the company’s Adumbi gold project in the north-east of the Democratic Republic of Congo (DRC)

Adumbi is located within the Imbo exploitation licence about 220km from Barrick Gold and AngloGold Ashanti’s Kibali Gold Mine.

Two core rigs will focus on a 11,000-metre-deep drilling program below the Adumbi open pit where an indicated mineral resource of 1.88 million ounces of gold (Au)(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.

Loncor Gold deploys more drill-rigs in DRC
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Open at depth

The Adumbi resource remains open at depth below the USD1,600/oz pit shell with the favourable Banded Ironstone Formation (BIF) host increasing in thickness.

Loncor estimates the potential Adumbi underground exploration target below the USD1,600/oz pit shell as between 8.9 million tonnes to 9.6 million tonnes grading 4.7 g/t Au to 4.9 g/t Au to a depth of 800m.

These potential quantities and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the Adumbi underground exploration target being delineated as a mineral resource.

Fifteen intersections are proposed below the pit shell to outline an underground mineral resource. Of the fifteen proposed intersections, six interceptions will be wedged off nine deeper holes in order to save time and costs.

Developing the potential further  

According to Loncor’s CEO John Barker Loncor now owns one of the largest, highest-grade gold resources among junior explorers in Africa.

“The drilling program aims to draw attention to the scale and quality of what we have, and what we continue to develop only 220kms from Africa’s largest gold mine, Kibali.

“We have grown the resource significantly over the last few years and it is now time to develop the potential further, not only below the current 3.66 million ounce resource hosted within the pit shell, but also within areas in proximity to Adumbi such as Imbo East, ground that historically has returned encouraging geochemical and sampling results,” says Barker.

WhyAfrica tracks early-stage mineral exploration projects across Africa, updates its members about these projects and provides business intelligence about Africa that will assist its members expanding their footprint into Africa.

Loncor Gold deploys more drill-rigs in DRC

Loncor Gold deploys more drill-rigs in DRC
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