Loncor Resources Inc. announces that the five nominees listed in the Company’s management information circular for the annual and special meeting of shareholders of the Company held on Friday, June 26, 2020 were elected at the Meeting as directors of Loncor. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below: Votes by Proxy Name Votes For % Votes For Votes [...]
Loncor Resources Inc. announces that its 76.29%-owned subsidiary, Adumbi Mining SARL , has entered into a joint venture agreement with Barrick Gold Limited for two exploitation permits held by Adumbi Mining covering ground contiguous to the Company’s Imva area within the Ngayu gold belt in the northeast of the Democratic Republic of the Congo . The purpose of the New Barrick JV is to conduct exploration on the JV Permit [...]
Loncor Resources Inc. announces that Barrick Gold SARL has commenced its core drilling program on several priority gold targets within the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo . The beginning of the drilling campaign signals a significant step in the sequence of events necessary to assess numerous areas of potential. Since entering the JV agreement with Loncor in January 2016 [...]
Loncor Resources Inc. announces that it has filed on SEDAR an independent National Instrument 43-101 technical report relating to the Company’s Imbo Project, in particular, the updated gold mineral resource estimates for the Imbo Project reported in the Company’s April 17, 2020 press release. The Technical Report, which was prepared by Minecon Resources and Services Limited, has an effective date of April 17, 2020 and is [...]
Loncor Resources Inc. announces that it expects to file by June 10, 2020 the independent National Instrument 43-101 technical report relating to the mineral resource estimates on the Company’s Imbo Project reported in the Company’s April 17, 2020 press release of National Instrument 43-101). In filing the NI 43-101 Report by June 10, 2020, the Company is relying on the decision of Canadian securities regulators, including [...]
Loncor Resources Inc. is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold SARL and on its own majority-owned exploration licences and exploitation concessions, including the Imbo exploitation concession that contains the Adumbi deposit and its wholly-owned exploration licence containing the Makapela [...]
Loncor Resources Inc. is pleased to announce a 49% increase in mineral resources at its Imbo Project in the D.R. Congo. Compared to the inferred mineral resources of 1.675 million ounces of gold outlined in January 2014 by independent consultants Roscoe Postle Associates Inc. on three separate deposits, Adumbi, Kitenge and Manzako at Imbo, inferred mineral resources have now increased by 49% to 2.5 million ounces of gold [...]
Loncor Resources Inc. announces that it expects to file by Tuesday, April 7, 2020 its annual financial statements , management’s discussion and analysis of National Instrument 51-102) and annual information form relating to the financial year ended December 31, 2019 . In filing the Annual Filings after the March 30, 2020 deadline, the Company is relying on the recent decision of Canadian securities regulators, including [...]
Loncor Resources Inc. announces that it has acquired an additional 5.04% interest in its subsidiary Adumbi Mining SARL pursuant to a private transaction with one of the former minority shareholders of Adumbi Holdco. This acquisition increases Loncor?s interest in Adumbi Holdco from 71.25% to 76.29%. ?Loncor continues to consolidate its dominant position in the Ngayu Goldbelt. Over the next twelve months we intend to drill [...]
Loncor Resources Inc. is pleased to announce the appointment of Mr. John Barker as Vice President of Business Development for Loncor. Arnold Kondrat, Chief Executive Officer of Loncor, commented: “We welcome John Barker as Vice President of Business Development for Loncor. Mr. Barker has over 30 years of global mining experience encompassing many key elements of the mining world, and I look forward to working with [...]
Loncor Resources Inc. , a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo, is pleased to announce that, further to its January 13, 2020 press release, it has closed a private placement of 6,000,000 common shares of the Company at a price of Cdn$0.40 per Offered Share for gross proceeds of Cdn$2,400,000. The Company intends to use the proceeds from this financing for [...]
Loncor Resources Inc. is pleased is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold SARL and on its own majority-owned exploration licences and exploitation concessions including the Imbo exploitation concession. The Ngayu Archean Greenstone Belt of northeastern Democratic Republic of the Congo is [...]
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