Loncor Gold plans to create second mining district

Loncor Gold applied for an exploitation permit to develop a 1.164-million-ounce Makapela gold resource within the Ngayu Greenstone Gold Belt in 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 cut-off.

“Makapela represents a high-grade opportunity either as a potential feed source for a future gold operation at Adumbi, or as an independent stand-alone high-grade project,” said John Barker, CEO, Loncor Gold. “The deposit remains open at depth, along strike, plus has a number of parallel zones that require further investigation.  Within close proximity, there are a number of other deposits such as Mokepa and Mongaliema that historically have been drilled and could hold the potential of future ore feed for Makapela.”