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.
