Loncor's Exploration Activities Unaffected by Current Unrest in Goma, DRC
22 Novembro 2012 - 2:51PM
Marketwired
Loncor Resources Inc ("Loncor" or the "Company") (TSX
VENTURE:LN)(NYSE MKT:LON)(NYSE Amex:LON) wishes to state that
exploration activities at its high priority Ngayu project have been
unaffected by the recent instability in north-eastern Democratic
Republic of the Congo.
The Ngayu project is located some 420 kilometres northwest of
the provincial capital city of Goma, where the M23 rebel group has
taken over the city. Drilling is continuing as planned at Ngayu
with two rigs and will do so until early December when field
activities will be stopped as usual over the Holiday period. At the
Company's lower priority North Kivu project, minimal exploration
has been undertaken over the last six months so that exploration
could be focused at the priority Ngayu project.
Loncor Resources Inc. is a Canadian gold exploration company
focused on two projects in the Democratic Republic of the Congo
("DRC") - the Ngayu and North Kivu projects. The Company has
exclusive gold rights to an area covering 2,087 km2 of the Ngayu
Archaean greenstone belt in Orientale province in the northeast DRC
and is its main focus of exploration. Loncor also owns or controls
55 exploration permits in North Kivu province, covering 17,760
square kilometres, located west of the city of Butembo. Both areas
have historic gold production. Led by a team of senior exploration
professionals with extensive African experience, Loncor's strategy
includes an aggressive drilling program to follow up on initial
known targets at Ngayu as well as covering the greenstone belt with
regional geochemical and geophysical surveys. Additional
information with respect to the Company's projects can be found on
the Company's web site at www.loncor.com.
For further information, please visit our website at
www.loncor.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Loncor Resources Inc. Peter N. Cowley President and
Chief Executive Officer + 44 (0) 790 454 0856 Loncor Resources Inc.
Naomi Nemeth Investor Relations +1 (416) 366-9189 or +1 (800)
714-7938 ext 2802nnemeth@loncor.com www.loncor.com
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