Loncor Gold Inc. Enhances Leadership and Expands Resource Base in DRC
- Loncor Gold Inc. elected six new directors to enhance governance and support its growth in the DRC's mining sector.
- The company’s flagship Imbo Project includes the Adumbi deposit, with significant gold resources of 1.88 million ounces indicated.
- Loncor emphasizes caution regarding exploration risks, advising stakeholders to remain aware of uncertainties in the DRC’s mining environment.
Loncor Gold Inc. Strengthens Leadership Amid Growing Resource Base
Loncor Gold Inc., a Canadian gold exploration company with a focus on the Ngayu Greenstone Gold Belt in the Democratic Republic of the Congo (DRC), announces the successful election of six directors during its recent annual shareholder meeting held on June 27, 2025. This leadership change signifies the company's commitment to enhancing its governance as it continues to expand its presence in a region rich in mineral resources. The voting process employed a show of hands, with detailed results subsequently filed on SEDAR+. The newly elected board members are expected to steer Loncor towards maximizing its assets and exploring further opportunities in this dynamic mining landscape.
With over 20 years of operational experience in the DRC, Loncor highlights the significance of its growing resource base, particularly at its flagship Imbo Project. Among its most notable assets is the Adumbi deposit, which boasts an indicated mineral resource of 1.88 million ounces of gold, along with an inferred resource of 2.09 million ounces. The considerable grades of gold, measured at 2.08 g/t and 2.89 g/t respectively, not only underscore the potential profitability of the Adumbi deposit but also solidify Loncor's strategic position in the DRC's competitive gold market. The company has focused heavily on the Adumbi deposit since completing a drilling program from 2020 to 2021, which culminated in a Preliminary Economic Assessment (PEA) released in December 2021.
However, Loncor also emphasizes the importance of caution regarding forward-looking information, recognizing the inherent risks and uncertainties in the exploration sector. Factors such as exploration outcomes, financing availability, and geopolitical conditions in the DRC may significantly impact the company’s projected results. By advising stakeholders to remain vigilant about these uncertainties, Loncor seeks to foster a responsible approach to its ambitious growth plans while navigating the complexities associated with operating in the DRC’s mining sector.
In addition to its leadership changes, Loncor continues to reinforce its operational strategies, ensuring that it remains at the forefront of exploration in the DRC. With a commitment to transparency, the company provides stakeholders with access to detailed information about its projects on its website, www.loncor.com. This open communication is part of a broader effort to build trust and maintain investor confidence as Loncor expands its resource base and explores new opportunities within the region.