Loncor Gold Continues to Report Multiple, High Grade Gold Intersections at Its Drill Program at Adumbi

Core Viewpoint - Loncor Gold Inc. has reported significant gold intersections from its deep drilling program at the Adumbi deposit, indicating strong mineralization potential and supporting the viability of underground mining operations [1][4]. Summary by Sections Drilling Results - Borehole LADD033 reported multiple gold intersections, including: - 26.36 metres grading 4.19 g/t gold - 6.87 metres grading 2.13 g/t gold - 15.49 metres grading 6.92 g/t gold - 16.40 metres grading 3.24 g/t gold - 1.36 metres grading 298 g/t gold [1][2] Mineral Resource Estimates - The Adumbi deposit has an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t Au) and an inferred mineral resource of 1.78 million ounces of gold (20.83 million tonnes grading 2.65 g/t Au) within a USD1,600/oz open pit shell [1][10]. Geological Context - LADD033 intersected the banded iron formation (BIF) package at a vertical depth of 474.25 metres, with gold grades associated with sulphides and occasionally visible gold in altered silicified units [3]. Future Exploration Potential - The company continues to identify multiple mineralized zones at depth, with potential for significant underground mining below the current open pit resource [4]. Boreholes LADD032 and LADD034 have also intersected mineralized BIF, with LADD032 marking the deepest drill intersection to date at over 900 meters below Adumbi Hill's summit [4]. Quality Control Measures - Drill cores were assayed at one-metre intervals, with samples sent to an independent laboratory for gold analysis, ensuring rigorous quality control and assurance procedures [5].