Stocks in play: Loncor Resources Inc.
Announced a 44% increase in mineral resources at its Adumbi deposit in the Imbo Project (Loncor 84.68%) in the D.R. Congo. Compared to the inferred mineral resource of 2.19 million ounces of gold (28.97 million tonnes grading 2.35 g/t Au) outlined in April 2020, further drilling has now increased the Adumbi inferred mineral resource by 44% to 3.15 million ounces of gold (41.316 million tonnes grading 2.37 g/t Au), constrained within a US$1,500 open pit shell . 84.68% of this inferred mineral resource is attributable to Loncor via its 84.68% interest in the Imbo Project. Loncor Resources Inc. shares T.LN are trading unchanged at $0.97.
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