Loncor Gold Kickstarts Major Drilling Operation

Loncor Gold (TSE:LN) has released an update.

Loncor Gold Inc. has initiated a significant drilling program at its flagship Adumbi gold project in the DRC, deploying three core rigs to potentially expand its current 3.66 million ounce gold resource. The company aims to outline an underground mineral resource beneath the existing open pit and explore four additional targets along the structural trend. This initiative underscores Loncor’s commitment to develop its high-grade gold resources, leveraging proximity to Africa’s largest gold mine, Kibali.

For further insights into TSE:LN stock, check out TipRanks’ Stock Analysis page.