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Business Description

Loncor Resources Inc. is a gold exploration company focused on projects on the Ngayu Belt in the DRC. The company is looking to increase its gold resource through a fully funded drilling program, followed by a potential scoping study in 2021 at the 84.68% owned Adumbi deposit. Loncor’s total attributable resource currently stands at 2.7M ozs (29.17Mt @ 2.80g/t) of inferred and 0.6M ozs (2.21Mt @8.66g/t) of indicated resources; the resource also includes the 100% owned future drill target at Makapela. Additionally, Barrick Gold is fully funding up to feasibility a Joint Venture with Loncor on over +/-2 000km2 of Loncor’s Ngayu ground.

Website: https://loncor.com/

FRC Analyst's Reports

Loncor Resources Inc. (TSX: LN / OTCQX: LONCF / FSE: LO51) -JV with Barrick and Two Gold Projects with Resources in the DRC – Introductory Report Sep. 22, 2020


Loncor Continues to Intersect Significant Gold Mineralization at its Adumbi Flagship Deposit Jan. 5, 2021
Loncor Reports Significant Gold Intercepts at its Flagship Adumbi Deposit Dec. 22, 2020
Loncor Reports Multiple Gold Intercepts in First Hole at its Flagship Adumbi Deposit Nov. 30, 2020
Loncor Provides Exploration Update on Barrick Joint Venture Nov. 23, 2020
Loncor and Barrick Further Strengthen Joint Venture Relationship in DRC Nov. 11, 2020