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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


News

Deepest Hole Drilled at Loncor’s Adumbi Deposit Intersects Significant Widths and Grades in Multiple Gold Zones Mar. 25, 2021
Loncor Continues to Define Four Extensive Mineralized Trends to Southeast of Key Adumbi Deposit Feb. 24, 2021
Loncor Announces Significant Gold Mineralization at Depth from its Flagship Adumbi Deposit Feb. 18, 2021
Loncor Closes Upsized Private Placement Financing Feb. 12, 2021
Loncor Closes First Tranche of Private Placement Financing Feb. 3, 2021