Loncor Resources hoping to add ounces to resource at Imbo project with new drilling program in the Democratic Republic of Congo

Loncor Resources hoping to add ounces to resource at Imbo project with new drilling program in the Democratic Republic of Congo

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Loncor Resources Inc (TSE:LN) (OTCQX:LONCF) has started a new drilling program at its Imbo project in the Democratic Republic of Congo, it said Wednesday. Imbo, which currently boasts a resource of 2.5 million ounces of gold, is 85% owned by Loncor. In a statement, the Toronto-based company said it hopes to outline additional mineral resources at the Adumbi, Kitenge and Manzako deposits that comprise the 30.7 million ton-inferred resource grading at 2.5 grams per ton gold. READ: Loncor Resources reveals new mineralized trends at its flagship Imbo project in the Democratic Republic of the Congo Drilling is expected to focus on the Adumbi deposit, which contains 2.2 million ounces of gold. Initial holes will target mineralized zones in the open pit shell, with closely-spaced holes to outline additional resources. Further drilling will focus on adding more resources below the pit shell, where gold mineralization remains open at depth over a 600-metre strike length, according to the company. Deposits and emerging areas of interest within the Imbo project area “Through this focused drill program we are targeting a significant increase of resources at the Adumbi deposit, both within and below the open pit,” Loncor CEO Arnold Kondrat said in a statement. “If we achieve our expectations, the next step will be a preliminary economic assessment to illustrate the positive economic potential that we believe is contained within Adumbi and the neighbouring deposits.” Loncor is a Canadian gold exploration company focussed on the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo. Contact Angela at [email protected] Follow her on Twitter @AHarmantas

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