Loncor Gold Reports Multiple Gold Intersections at Its Drill Program 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
Extracted
2026-08-21 07:41:57 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Loncor Gold has reported encouraging gold drill results from its Adumbi deposit in the DRC. Hole LADD030 intersected several mineralized zones at depth, including an intercept of 5.61 m at 5.24 g/t gold.

Reasoning: The drill results from LADD030 show encouraging gold mineralization below the existing open pit shell, with several high-grade intercepts and robust QA/QC disclosure.

Positive factors

  • multiple mineralized zones intersected
  • QA/QC protocols clearly disclosed
  • high-grade sub-intervals reported

Negative factors

  • true width is only an estimate (80% of apparent)

Facts used in scoring: 6

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 SGS laboratory, standards, blanks, duplicates, and check assays.

Evidence · text

“As part of the Company's QA/QC procedures, internationally recognized standards, blanks and duplicates were inserted”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True width is not explicitly stated, only an estimate that it is 80% of the intersected width.

Evidence · text

“It is estimated that the true width of the mineralised sections for core hole LADD030 is approximately 80% of the intersected widths”

Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

Drill Results (6)

LADD030Adumbi · goldGrade: 2.51Grade Unit: g/tIntercept: 2.37 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
2.51
Grade Unit
g/t
Intercept
2.37 m
From
693.73 m
To
696.1 m

Classification

Sample Type
drill
Group ID
LADD030:693.73-696.1
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: Moderate grade intercept in a deep drilling program.

Evidence · table

“2.51”

Context: 2.37

LADD030Adumbi · goldGrade: 2.26Grade Unit: g/tIntercept: 7.73 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
2.26
Grade Unit
g/t
Intercept
7.73 m
From
718.7 m
To
726.43 m

Classification

Sample Type
drill
Group ID
LADD030:718.7-726.43
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: Solid width and grade intercept.

Evidence · table

“2.26”

Context: 7.73

LADD030Adumbi · goldGrade: 2.98Grade Unit: g/tIntercept: 5.36 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
2.98
Grade Unit
g/t
Intercept
5.36 m
From
718.7 m
To
724.06 m

Classification

Sample Type
drill
Group ID
LADD030:718.7-724.06
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: Higher grade sub-interval within the 7.73m intercept.

Evidence · table

“2.98”

Context: 5.36

LADD030Adumbi · goldGrade: 1.77Grade Unit: g/tIntercept: 11.43 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
1.77
Grade Unit
g/t
Intercept
11.43 m
From
751.8 m
To
763.23 m

Classification

Sample Type
drill
Group ID
LADD030:751.8-763.23
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: Significant width intercept.

Evidence · table

“1.77”

Context: 11.43

LADD030Adumbi · goldGrade: 4.56Grade Unit: g/tIntercept: 6.61 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
4.56
Grade Unit
g/t
Intercept
6.61 m
From
791.25 m
To
797.86 m

Classification

Sample Type
drill
Group ID
LADD030:791.25-797.86
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: Strong grade intercept.

Evidence · table

“4.56”

Context: 6.61

LADD030Adumbi · goldGrade: 5.24Grade Unit: g/tIntercept: 5.61 mView all details
Link to this fact

Identity

Hole ID
LADD030
Project
Adumbi
Commodity
gold
Region
democratic republic of the congo
Reported Region
Democratic Republic of the Congo
Ticker
LN

Geometry

Grade
5.24
Grade Unit
g/t
Intercept
5.61 m
From
791.25 m
To
796.86 m

Classification

Sample Type
drill
Group ID
LADD030:791.25-796.86
Mining Method
open_pit

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
2025-07-29T00:00:00.000Z

Reasoning: High-grade sub-interval.

Evidence · table

“5.24”

Context: 5.61

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.