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Loncor Resources Inc.
Summary
| Project: | Imbo | |
|---|---|---|
| Deposit: | Imbo | |
| Location: | Congo Dem. Rep. | |
| Commodities: | Gold | |
| Date: | 6/10/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2020: Loncor Resources Inc. announces a Resource Estimation report for its Imbo deposit at the Imbo project. Updated Mineral Resource Estimate for Project. Minecon Resources and Services Limited (“Minecon”) was commissioned by Loncor Resources Inc. ( | |
| Resources: | (Resources, Inf.): 30.65Mt @ 2.54g/t Au (2.5Moz Au) | |
| CP/QP: | [Resource]: Daniel Bansah (Minecon Resources and Services Ltd.) | |
| ABSTRACT: | Minecon Resources and Services Limited (“Minecon”) was commissioned by Loncor Resources Inc. (“Loncor”) in Q1 2020 to prepare an independent Technical Report on the Imbo Project , located in the northeastern part of the Democratic Republic of the Congo (“DRC”). The purpose of this report is to support the public disclosure of the updated Mineral Resources on the Imbo Project, in particular, the Adumbi deposit, announced by Loncor in a press release dated April 17, 2020. This report is intended to comply with the requirements of National Instrument 43-101 ("NI 43-101"), including Form 43-101F1. This Technical Report describes the Imbo Project in terms of its historical and recent exploration, and data review and compilation of information prepared by Minecon, to check for reasonableness, accuracy, and compliance, and summarizes the results of the most recent mineral resource update of the Adumbi deposit. No economic assessment or management function was performed by Minecon during the preparation of this report. Furthermore, no updated modelling or resource estimates have been undertaken on the two other deposits on the Imbo Project that have mineral resources delineated, Kitenge and Manzako. The effective date of this review is April 17, 2020. | |
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