Exciting Drilling Results from Loncor Gold’s Adumbi Deposit
Loncor Gold Inc. recently announced impressive drilling results from its ongoing program at the Adumbi deposit in Toronto, Ontario. The deposit already boasts an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au), and an inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au).
Encouraging Results from Borehole LADD028
The latest findings come from borehole LADD028, which intersected an impressive section of 13.92 metres grading 6.01 g/t gold. This section included high-grade intervals of 7.94 metres grading 9.54 g/t gold and 0.87 metres grading an astounding 82.97 g/t gold. In addition, the hole also contained a lower-grade interval of 7.40 metres grading 1.49 g/t gold.
Significance for Loncor Gold and Shareholders
These encouraging results are a positive sign for Loncor Gold and its shareholders. The high-grade gold intersections indicate the presence of significant mineralization within the deposit, increasing the potential value of the resource. Moreover, these results further validate the ongoing exploration efforts and could lead to an expansion of the mineral resource estimate.
Impact on the Global Gold Market
Beyond the direct impact on Loncor Gold, these results could have far-reaching implications for the global gold market. The discovery of high-grade gold deposits can lead to increased supply, potentially driving down prices in the short term. However, the long-term effects could be more significant. The growth in gold production from the Adumbi deposit could contribute to the stability and diversity of the global gold supply, reducing reliance on traditional gold-producing countries and providing additional sources of this precious metal.
Table and Figures
For a more detailed analysis of the drilling results, please refer to Table and Figures 1 and 2 below:
- Table: Detailed drilling assay results from borehole LADD028
- Figure 1: 3D model of the Adumbi deposit, highlighting the location of borehole LADD028
- Figure 2: Long-section view of the Adumbi deposit, showing the location of high-grade gold intersections in borehole LADD028
Conclusion
Loncor Gold’s latest drilling results from the Adumbi deposit are a promising sign for the company and the gold industry as a whole. The high-grade gold intersections indicate the presence of significant mineralization within the deposit and could lead to an expansion of the mineral resource estimate. Furthermore, the discovery of this deposit could contribute to the stability and diversity of the global gold supply, reducing reliance on traditional gold-producing countries and providing additional sources of this precious metal. We will continue to monitor Loncor Gold’s exploration efforts and report on any further developments.
