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Canadian junior with early-stage exploration projects near highly profitable Barrick operation in the Democratic Republic of the Congo Flagship Imbo project boasts an inferred resource of 30.7 million tons grading at 2.6 grams per ton gold for just over 2.5 million ounces Joint ventured with Barrick to explore prospective swath of land along the mineral-rich Ngayu Belt Major shareholder Resolute Mining owns 26.5% of the company What Loncor Gold does: Loncor Gold Inc (TSE:LN) (OTCQX:LONCF) is sitting on some very valuable land in the mineral-rich Ngayu Belt of the Democratic Republic of the Congo. The Ngayu Belt is 220 kilometres southwest of the Kibali gold mine, operated by Barrick Gold, which produced a record 814,000 ounces at an all-in-sustaining-cost of US$693 per ounce.
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