Loncor Resources Inc. is a gold exploration company focused on the Democratic Republic of the Congo (DRC). The Company has exclusive gold rights to an area covering 2,087 square kilometres located along the Ngayu Archaean greenstone belt in Orientale province. Loncor also owns or controls 55 exploration permits in North Kivu province, covering 17,760 square kilometers and located west of the city of Butembo.
Loncor's leading project is Ngayu, located in Orientale Province of the DRC, 270 kilometres northeast of Kisangani. The project covers parts 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.
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 began drilling at the Yindi Prospect in September 2010 and at the Makapela Prospect at Ngayu a month later. Surface exploration work began at Manguredjipa in August 2009 and is ongoing.