Loncor Gold (TSE:LN) has released an update.
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Loncor Gold is set to advance its flagship Adumbi gold project by resuming drilling operations, targeting the high-grade gold mineralization beneath the existing open pit and initiating exploration at four new prospects. The company’s CEO expressed confidence in the project’s potential to become a Tier 1 gold deposit, bolstered by a recent asset sale that provided necessary funding without diluting shareholder equity.
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