Loncor Gold Inc. is pleased to announce further multiple, mineralised intersections from its deep drilling program at the Company’s 3.66 million ounce Adumbi deposit where 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) have already been delineated within a USD1,600/oz open pit shell. Borehole LADD031 intersected 12.72 metres grading 8.56 grammes per tonne (g/t) gold (including 6.15 metres grading 11.23 grammes per tonne), 12.10 metres grading 1.67 g/t gold, 15.00 metres grading 1.88 grammes per tonne and 3.23 metres grading 5.98 g/t gold (see Table and Figure 1 below).
Commenting on these latest drilling results, Loncor CEO John Barker said: “Core hole LADD031 was situated below the open pit shell in the northwest of the Adumbi deposit and intersected several mineralised zones at a vertical depth of 570 metres below surface and approximately 265 metres below the USD1,600 pit shell outline on section. The total true thickness of the banded ironstone formation (BIF) package which hosts the gold mineralisation was 132 metres which demonstrates that the BIF is still thick and well mineralised at this depth, towards the projected northwest edge of the Adumbi deposit.”
Drill cores for assaying were taken at a maximum of one-metre intervals and were cut with a diamond saw, with one-half of the core placed in sealed bags by Company geologists and sent to the Company’s on-site sample preparation facility. The core samples were then crushed down to 80% passing minus 2 mm and split with one half of the sample up to 1.5 kg pulverised down to 90% passing 75 microns.
Approximately 150 grams of the pulverised sample was then sent to the SGS Laboratory in Mwanza, Tanzania (independent of the Company). Gold analyses were carried out on 50g aliquots by fire assay. In addition, check assays were also carried out by the screen fire assay method to verify high-grade sample assays obtained initially by fire assay. As part of the Company’s QA/QC procedures, internationally recognised standards, blanks and duplicates were inserted into the sample batches prior to submitting to SGS Laboratory.
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