Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC
Canadian exploration company Loncor has revealed the results of its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo, confirming high-grade gold deposits at various depths.
The company reported intersections of deposits with grades of 26.94 grams per ton (g/t) at 0.45 meters, 5.82 g/t at 16.07 meters, and 4.77 g/t at 22.64 meters.
John Barker, CEO of Loncor, explained that hole LADD027, located in the northwest of the Adumbi deposit, intersected the mineralization at a vertical depth of 478 meters below the surface, which is 75 meters beneath the previously outlined USD1,600/oz pit shell.
He noted that the results support the company’s plans to develop an underground mine to complement the existing open-pit operation.
Samples have been sent to SGS Laboratory in Tanzania for evaluation, with further drilling ongoing and additional results expected in March 2025.
