| Loncor Resources Inc. |  | Loncor Resources Inc. is a gold and platinum exploration company focused on the Democratic Republic of the Congo (DRC). Through its wholly-owned subsidiary Loncor Congo, the Company owns or controls 55 exploration permits in North Kivu province, covering 17,760 square kilometers and located west of the city of Butembo. The Company also has exclusive gold rights to an area covering 4,550 square kilometres located along the Ngayu Archaean greenstone belt in Orientale province. In addition, Loncor holds two exploration permits in Bas Congo province, approximately 250 kilometres southwest of the capital city of Kinshasa.The Company's leading prospect in North Kivu is Manguredjipa. It is estimated that between 1925 and 1960, approximately 300,000 oz of alluvial gold was produced in the Manguredjipa area from various tributaries of the Lenda drainage system. These alluvial targets eventually led to the discovery of numerous primary gold deposits in the Manguredjipa area. Other gold prospects warranting follow up in North Kivu include Lutunguru, Lubero, Makwasu, Lutela, Bilolo, Manzia, Mohanga and Lundjulu. Loncor also has exclusive gold rights over 4,550 square kilometres in the Ngayu area, which has historical gold production. The Ngayu project is located in Orientale Province of northeast DRC, 270 kilometres northeast of Kisangani. The project covers most of the Ngayu Archaean greenstone belt. A number of gold occurrences are found within the Ngayu greenstone belt, one of the two most significant described in the literature being the Yindi gold occurrence, which occurs within permits where Loncor has the gold rights.Loncor's third project area, Bas Congo, was the target of small scale regional prospecting during the 1930s to 1950s. This was done by excavating small pits across the flood plain of the local drainages in the area. This work recovered over 40,000 oz of gold, mostly within these alluvial gravels.Loncor initiated an exploration program at Manguredjipa in August 2009 and at the Yindi prospect in Ngayu March 2010. The Company also conducted initial exploration at Bas Congo in 2009. | | Visit Website | | Office Address | 1 First Canadian Place, Ste. 7070, 100 King St. W,
Toronto, ON, M5X1E3 Canada | | Phone | (416) 366-2221 | | Fax | (416) 366-7722 | | Executives | Peter N. Cowley, President, CEO and Director | | Donat K. Madilo, CFO |
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