Loncor Confirms High-Grade Deposits at DRC Adumbi Mine

Canadian exploration company Loncor has announced 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 intersected deposits grading 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.

“Hole LADD027 was situated in the northwest of the Adumbi deposit and intersected the mineralization at a vertical depth of 478 meters below surface, and 75 meters below the previously outlined USD1,600/oz pit shell,” stated John Barker, CEO, Loncor. He said the results support plans to develop an underground mine to complement the existing open-pit operation.

Samples have been sent for evaluation at SGS Laboratory in Tanzania, with further drilling underway and additional results expected in March 2025.