Flagship Deposit Success Adds To Inferred Mineral Resource
Loncor Resources Inc. (TSX:LN) reports that the third core hole of a 7,000m drilling programme at its Adumbi deposit within the Imbo Project in the DRC has intersected multiple significant gold intersections.
The hits include 28.00m grading 3.26 g/t gold (including 4.90m grading 6.96 g/t Au and 3.53m grading 8.30 g/t Au) and 20.30m grading 2.83 g/t Au (including 6.55m grading 4.64 g/t Au and 2.30m grading 7.25 g/t Au).
Loncor holds a 84.68% interest in Ithe mbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo (DRC).
“We are very encouraged by the results of the first three core holes of our 7,000m drilling programme at Adumbi,” President Peter Cowley said.
“All these boreholes have intersected significant widths and grades and should increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi, both within the current open pit and at depth below the pit (see Figure 2 below).
The gold mineralisation at Adumbi is associated with a thick package (up to 130m) of interbedded banded ironstone 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. Disseminated sulphide assemblages include pyrite, pyrrhotite and arsenopyrite which can attain up to 20% of the total rock in places.
The objective of the current drilling programme at Adumbi is to outline additional mineral resources to the current inferred mineral resource of 2.5 million ounces of gold on Loncor’s 84.68%-owned Imbo Project which contains the Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au).
