# Loncor Gold Reports Increase in Rigs at Its Deep Drilling Program at Adumbi Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/loncor-gold-reports-increase-in-rigs-at-its-deep-drilling-program-at-adumbi--e9c088bb-d400-49af-86aa-1f11be18b11b Original source: https://money.tmx.com/en/quote/LN/news/5598768229023089/loncor-gold-reports-increase-in-rigs-at-its-deep-drilling-program-at-adumbi Publisher: tmx Original announcement: 2025-08-06T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Loncor Gold Inc. - Ticker: LN - Exchange: TSX - Region: Democratic Republic of the Congo - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-12 11:39:47 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Loncor Gold has mobilized an additional core rig at its Adumbi deposit in the DRC to accelerate a +/-11,000-metre deep drilling program. The move follows a period where 2025 drilling meterage fell short of company expectations. Reasoning: The company is adding capacity to its drilling program to compensate for slower-than-expected progress earlier in the year. - Positive factor: acceleration of deep drilling program - Positive factor: addition of third drill rig to increase meterage - Negative factor: 2025 drilling meterage has not met expectations Facts used in scoring: 3 ## Classification and evidence **Infill Drilling** Polarity: neutral Story-specific tag Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company is adding rigs to accelerate a deep drilling program to progress the project. Evidence · text > accelerate the deep drilling program ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/loncor-gold-reports-increase-in-rigs-at-its-deep-drilling-program-at-adumbi--e9c088bb-d400-49af-86aa-1f11be18b11b#fact-resource-facts-0) Adumbi · gold Historical result Needs review: historical\_restatement #### Identity - Project: Adumbi - Commodity: gold - Region: democratic republic of the congo - Reported Region: Democratic Republic of the Congo - Ticker: LN #### Resource scope - Estimate type: resource - Resource group id: resource:02701044a96aaa2827dd - Deposit or zone: Adumbi #### Resource Data - Category: indicated - Tonnes: 28185000 - Grade: 2.08 - Grade Unit: g/t - Contained Metal: 1.88 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2021-12-15T00:00:00.000Z #### Dates - Event date: 2025-08-06T00:00:00.000Z Reasoning: Historical indicated resource stated for context. Evidence · text > indicated mineral resource of 1.88 million ounces of gold \(28.185 million tonnes grading 2.08 g/t Au\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/loncor-gold-reports-increase-in-rigs-at-its-deep-drilling-program-at-adumbi--e9c088bb-d400-49af-86aa-1f11be18b11b#fact-resource-facts-1) Adumbi · gold Historical result Needs review: historical\_restatement #### Identity - Project: Adumbi - Commodity: gold - Region: democratic republic of the congo - Reported Region: Democratic Republic of the Congo - Ticker: LN #### Resource scope - Estimate type: resource - Resource group id: resource:434cccad638c57926233 - Deposit or zone: Adumbi #### Resource Data - Category: inferred - Tonnes: 20830000 - Grade: 2.65 - Grade Unit: g/t - Contained Metal: 1.78 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2021-12-15T00:00:00.000Z #### Dates - Event date: 2025-08-06T00:00:00.000Z Reasoning: Historical inferred resource stated for context. Evidence · text > inferred mineral resource of 1.78 million ounces of gold \(20.83 million tonnes grading 2.65 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/loncor-gold-reports-increase-in-rigs-at-its-deep-drilling-program-at-adumbi--e9c088bb-d400-49af-86aa-1f11be18b11b#fact-resource-facts-2) Imbo Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Imbo Project - Commodity: gold - Region: democratic republic of the congo - Reported Region: Democratic Republic of the Congo - Ticker: LN #### Resource scope - Estimate type: resource - Resource group id: resource:788fb86d3e9d19b39e77 - Deposit or zone: Adumbi and two neighbouring deposits #### Resource Data - Category: inferred - Tonnes: 22508000 - Grade: 2.89 - Grade Unit: g/t - Contained Metal: 2.09 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2021-12-15T00:00:00.000Z #### Dates - Event date: 2025-08-06T00:00:00.000Z Reasoning: Historical inferred resource for the broader Imbo Project area. Evidence · text > Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold \(22.508 million tonnes grading 2.89 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.