Loncor Gold Inc. announces that the five nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company held on Tuesday, July 19, 2022 were elected at the Meeting as directors of Loncor. The vote was conducted by a show of hands. The detailed results of the vote are set out below: Name Votes For % Votes For Votes Withheld % Votes Withheld Zhengquan Chen 73,147,177 [...]
Loncor Gold Inc. is pleased to announce that it has applied for an Exploitation Permit for the potential development of the Company's 1.164 million ounce Makapela gold resource found within the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo . Makapela has an indicated mineral resource of 614,200 ounces of gold and an inferred mineral resource of 549,600 ounces of gold at a 2.75 g/t Au [...]
Loncor Gold Inc. is pleased to announce that, further to its May 31, 2022 press release, it has closed a non-brokered private placement financing of 6,750,000 units of the Company at a price of Cdn$0.50 per Unit for gross proceeds of Cdn$3,375,000 . Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company, with each Warrant entitling the holder thereof to [...]
Loncor Gold Inc. is pleased to announce that it has increased the size of its previously announced non-brokered private placement financing to a private placement of up to 6,750,000 units of the Company at a price of Cdn$0.50 per Unit for gross proceeds of up to Cdn$3,375,000 , which represents an upsize of up to Cdn$875,000 from the original financing amount. Each Unit will consist of one common share of the Company and [...]
Loncor Gold Inc. is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company at a price of Cdn$0.50 per Unit for gross proceeds of up to Cdn$2,500,000 . Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company, with each Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price [...]
Loncor Gold Inc. reported in its January 31, 2022 press release that the Company was in preliminary discussions with potential strategic partners with respect to the development of Loncor's gold deposits. These discussions continue. The initiation of discussions with potential strategic partners was largely driven by the Preliminary Economic Assessment conducted upon the Company's 84.68%-owned Adumbi deposit, details of [...]
Loncor Gold Inc. is pleased to announce that, further to its February 10, 2022 press release, it has closed a non-brokered private placement of 5,650,000 units of the Company at a price of Cdn$0.55 per Unit for gross proceeds of Cdn$3,107,500 , an upsize from the Company's original Cdn$2,750,000 Financing amount. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the [...]
Loncor Gold Inc. is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company at a price of Cdn$0.55 per Unit for gross proceeds of up to Cdn$2,750,000 . Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company, with each Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price [...]
Preliminary Discussions held with Potential Strategic Partners TORONTO, Jan. 31, 2022 /CNW/ - Loncor Gold Inc. is pleased to announce that it has filed on SEDAR a National Instrument 43-101 technical report relating to the Preliminary Economic Assessment of the Company's proposed open pit Adumbi gold deposit within its 84.68%-owned Imbo Project in the Democratic Republic of the Congo Results of the Adumbi PEA were [...]
Pre-tax NPV of US$895 million and post-tax NPV of US$624 million for HEP Hybrid case at a US$1,600 gold price Using a US$1,760 gold price, post-tax NPV of US$879 million for HEP Hybrid case Average annual production of 303,000 ounces of gold over a 10.3 year life of mine within proposed pit shell Average total cash costs of US$852 per ounce over life of mine and AISC of US$950 per ounce for HEP Hybrid case TORONTO, Dec [...]
Indicated mineral resource of 1.88 million ounces of gold Inferred mineral resource of 1.78 million ounces of gold within US$1,600/oz pit shell TORONTO, Nov. 17, 2021 -- Loncor Gold Inc. is pleased to announce an increase and upgrade in mineral resources at its Adumbi deposit in the Imbo Project in the D.R. Congo. Compared to the inferred mineral resource of 3.15 million ounces of gold outlined in April 2021 , the [...]
Loncor Gold is pleased to announce assay results from its drilling program within its 84.68%-owned Imbo Project. The final borehole of this year's drilling program, borehole LADD026 drilled at its Adumbi deposit intersected 22.03 metres grading 5.11 g/t gold, 11.20 m grading 4.93 g/t gold, 4.83 m grading 2.51 g/t gold and 6.50 m grading 2.36 g/t gold. Significant mineralized sections for borehole LADD026 are summarised in [...]
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