Loncor Resources ( LN:TSX ) is the preeminent gold exploration company to own. Armed with a Barrick JV on their 200km NGAYU Greenstone property anticipates a maiden drill program on multiple targets in 2020. Loncor controls 3.6 million ounces of high grade gold outside of this relationship.
If the JV and Ounces aren’t enough to grab your attention, then look at ownership; African Majors own impressive pieces of Loncor:
Resolute Mining owns 27% and has a 30% ROFR on any Loncor financing,Â
Newmont Goldcorp Corporation owns 7.8% of Loncor’s outstanding shares;
and Management ownership is loudest with Arnold Kondrat. Founder, Chief Executive Officer and director with 28,963,909 shares (or 28.45%).
Loncor is hunting for elephant deposits in elephant country and are inviting everyone for the ride. Grab your favourite beverage and have a listen.
Tags: #19$Gold, #Assay, #Barrick, #Congo, #Discovery, #DRC, #Drilling, #leadership, #Loncor, #NewmontGold, #Ngayu