Exciting Drilling Results from Loncor Gold’s Adumbi Deposit
Loncor Gold Inc. recently announced impressive drilling results from its deep drilling program at the Adumbi deposit, located in the Democratic Republic of Congo. The deposit already holds 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), all within a USD1,600/oz open pit shell.
Encouraging Results from Borehole LADD027
One of the most noteworthy results came from borehole LADD027, which intersected an impressive section of high-grade gold mineralization. The interval of 16.07 metres grading 5.82 g/t gold included a higher-grade subinterval of 11.85 metres grading 7.14 g/t gold. Moreover, the borehole encountered an even more significant interval of 0.45 metres grading an astounding 26.94 g/t gold.
Impact on Loncor Gold and the Gold Mining Industry
These results represent a significant discovery for Loncor Gold, as they demonstrate the potential for high-grade gold mineralization beyond the currently defined resources at the Adumbi deposit. Such discoveries can lead to increased investor interest, potential stock price appreciation, and additional exploration and development activities.
On a larger scale, these results could also impact the gold mining industry as a whole. The discovery of high-grade gold deposits can lead to increased production, further exploration, and potential advancements in mining technology. Additionally, it may contribute to the ongoing debate about the future of gold mining and its role in the global economy.
Table and Figure 1: Detailed Drilling Results from LADD027
- Borehole: LADD027
- Length: 22.64 metres
- Gold Grade: 4.77 g/t
- High-Grade Interval 1: 16.07 metres
- Gold Grade (High-Grade Interval 1): 5.82 g/t
- High-Grade Subinterval 1: 11.85 metres
- Gold Grade (High-Grade Subinterval 1): 7.14 g/t
- High-Grade Interval 2: 0.45 metres
- Gold Grade (High-Grade Interval 2): 26.94 g/t
Figure 1: Detailed Drilling Results from LADD027
Conclusion
The impressive drilling results from Loncor Gold’s Adumbi deposit, specifically from borehole LADD027, represent a significant discovery for the company and the gold mining industry as a whole. With high-grade gold mineralization extending beyond the currently defined resources, there is potential for increased investor interest, further exploration, and advancements in mining technology. As the industry continues to evolve, discoveries like these will play a crucial role in shaping the future of gold mining and its impact on the global economy.
For more information about Loncor Gold and its exploration activities, please visit their website at loncorgold.com.
