TSX-listed Loncor Gold has filed an updated National Instrument 43-101 technical report relating to the company’s Imbo gold project in the Democratic Republic of Congo.
The technical report particularly relates to the increased gold mineral resource estimate for the Adumbi deposit found within Imbo reported in the company’s 27 April 2021 press release.
Highlights confirmed in technical report include:
- The Imbo Project inferred mineral resource increased by 38% to 3.466 Moz of gold (42.996 million tonnes grading 2.51 g/t Au). 84.68% Of this gold resource is attributable to Loncor Gold via its 84.68% interest in the Imbo project.
- Within Imbo, the Adumbi deposit inferred mineral resource increased by 44% to 3.153 Moz of gold (41.316 million tonnes grading 2.37 g/t Au). The Adumbi deposit is one of the three deposits at Imbo currently with a resource.
- The 3.153 Moz inferred resource at Adumbi was constrained within a US$1,500 per ounce open pit shell where appropriate input parameters for mining, processing and G&A costs, pit slopes and metallurgical recoveries were applied.
The current focus of Loncor Gold’s ongoing drill programme at the Adumbi deposit is to outline substantial underground resources at depth below the 3.153 Moz inferred resource pit shell where higher grades are being intersected.
The Imbo mineral resources are in addition to the company’s resources at its Makapela project where there is an indicated mineral resource of 614 200 oz of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549 600 oz of gold (3.22 million tonnes grading 5.30 g/t Au). The Makapela project is located approximately 50 km from the Imbo project.