Loncor Gold Reports Final Drill Assays from Its Deepest Drill Hole at Adumbi
Original announcement by tmx on
- Company
- Loncor Gold Inc.
- Ticker
- LN
- Exchange
- TSX
- Region
- Democratic Republic of the Congo
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update
- Extracted
- 2026-08-21 08:25:21 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Loncor Gold has released final drill assay results from its deepest borehole, LADD029, at the Adumbi deposit. The results confirm high-grade gold mineralization at depth, supporting the potential for a significant underground resource below the existing open pit.
Reasoning: The release reports final assays from the deepest hole (LADD029), confirming significant gold mineralization at depth which supports the company's underground potential thesis, although some results were previously reported.
Positive factors
- significant underground potential
- thickening BIF host
- high grade intercepts
Negative factors
- partial historical restatement
Facts used in scoring: 9
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes details on standards, blanks, duplicates, and SGS laboratory use.
Evidence · text
“internationally recognized standards, blanks and duplicates were inserted”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The results are described as final assays from a specific hole, part of ongoing delineation.
Evidence · text
“Final results for LADD029”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (9)
LADD029Adumbi · goldGrade: 1.34Grade Unit: g/tIntercept: 6.91 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 1.34
- Grade Unit
- g/t
- Intercept
- 6.91 m
- From
- 672.04 m
- To
- 678.95 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Standard intercept at depth.
Evidence · table
“1.34”
Context: 6.91
LADD029Adumbi · goldGrade: 4.24Grade Unit: g/tIntercept: 14.5 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 4.24
- Grade Unit
- g/t
- Intercept
- 14.5 m
- From
- 713 m
- To
- 727.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Strong gold intercept at depth.
Positive factors
- strong grade
Evidence · table
“4.24”
Context: 14.50
LADD029Adumbi · goldGrade: 5.23Grade Unit: g/tIntercept: 10.17 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 5.23
- Grade Unit
- g/t
- Intercept
- 10.17 m
- From
- 717.33 m
- To
- 727.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- high grade
Evidence · table
“5.23”
Context: 10.17
LADD029Adumbi · goldGrade: 3.05Grade Unit: g/tIntercept: 22.31 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 3.05
- Grade Unit
- g/t
- Intercept
- 22.31 m
- From
- 750.26 m
- To
- 772.57 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Significant width and grade intercept.
Positive factors
- good width
- strong grade
Evidence · table
“3.05”
Context: 22.31
LADD029Adumbi · goldGrade: 5.83Grade Unit: g/tIntercept: 4.64 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 5.83
- Grade Unit
- g/t
- Intercept
- 4.64 m
- From
- 753.56 m
- To
- 771.14 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- bonanza grade
Evidence · table
“5.83”
Context: 4.64
LADD029Adumbi · goldGrade: 2.55Grade Unit: g/tIntercept: 28.72 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 2.55
- Grade Unit
- g/t
- Intercept
- 28.72 m
- From
- 802.2 m
- To
- 830.92 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Wide intercept at depth.
Positive factors
- large width
Evidence · table
“2.55”
Context: 28.72
LADD029Adumbi · goldGrade: 3.35Grade Unit: g/tIntercept: 16.48 mView all detailsHide details
Identity
- Hole ID
- LADD029
- Project
- Adumbi
- Commodity
- gold
- Region
- democratic republic of the congo
- Reported Region
- Democratic Republic of the Congo
- Ticker
- LN
Geometry
- Grade
- 3.35
- Grade Unit
- g/t
- Intercept
- 16.48 m
- From
- 802.2 m
- To
- 818.68 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- strong grade
Evidence · table
“3.35”
Context: 16.48
Fact 8goldGrade: 2.08Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LN
Geometry
- Grade
- 2.08
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Existing indicated resource mentioned for context.
Evidence · text
“indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au)”
Fact 9goldGrade: 2.65Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LN
Geometry
- Grade
- 2.65
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-05-06T00:00:00.000Z
Reasoning: Existing inferred resource mentioned for context.
Evidence · text
“inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au)”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.