TORONTO, Aug. 18 /CNW/ - Loncor Resources Inc. (the "Company") (TSX-V:
LN) is pleased to report that, further to its May 19, 2009 press release, the
Company commenced in July 2009 Phase II of its recommended gold exploration
program at its exploration permit areas in Bas Congo province in the
Democratic Republic of Congo (the "DRC"). The properties are located
approximately 250 kilometres southwest of the capital city of Kinshasa and
approximately 100 kilometres north of the town of Matadi on the Congo River.
A total of 417 soil/saprolite samples and 12 rock samples have been
collected on the Block B target containing a local topographic elevation which
appears to be the source of a number of gold bearing streams.
Samples were obtained along four lines of approximately 400 metres,
positioned 80 metres apart, with a sample spacing of approximately 8 metres.
The lines were oriented in a northeast to southwest direction in order to cut
across the regional structural fabric of the area. Soil samples were obtained
at approximately 0.4 meters depth, with one or more saprolite samples also
being obtained at 1 metre intervals. Average pit depth was 1.1 meters, with
the deepest pit being 3.5 meters.
The Block B target area is dominated by phyllites and sericite schists
belonging to the Neoproterozoic West Congo Belt. These metamorphosed sediments
are intruded by quartz veinlets, veins and stockworks of unknown age and in
places contain trace amounts of pyrite.
The Block B target was identified as the most promising of three target
blocks surveyed by the Company during its 2006 orientation pitting program at
its Bas Congo permit areas and yielded a maximum gold value of 1.96 ppm. A
sample spacing of 50 metres was used for the 2006 orientation survey, with
samples obtained along two 700 metre lines spaced 300 metres apart.
The samples collected in the recent Phase II survey have been dispatched
to the SGS Laboratory facilities in Mwanza, Tanzania for gold analysis by fire
Results are pending.
Additional information with respect to the Bas Congo properties is
contained in the technical report prepared by the Company's consulting
geologists, Venmyn Rand (Pty) Limited of Johannesburg, South Africa, which
report is dated January 31, 2008 and entitled "National Instrument 43-101
Technical Report on the Properties held by Loncor Resources Congo SPRL in the
Bas Congo Province of the Democratic Republic of Congo". A copy of this report
may be obtained from SEDAR at www.sedar.com.
Mr. Fabrice G. Matheys, who is a consultant to the Company, is the
"qualified person" (as such term is defined in National Instrument 43-101)
responsible for the technical information in this press release.
Loncor Resources Inc. is a gold and platinum exploration company focused
on the DRC. Through its DRC subsidiary, the Company controls 47 exploration
permits in North Kivu province, approximately 200 kilometres north of the
provincial capital of Goma, and four exploration permits in Bas Congo
province, approximately 250 kilometres southwest of the capital city of
Forward-Looking Statements: This press release contains forward-looking
statements. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without limitation,
statements relating to exploration results, potential mineralization and the
Company's plans with respect to the exploration of its DRC properties) are
forward-looking statements. These forward-looking statements reflect the
current expectations or beliefs of the Company based on information currently
available to the Company. Forward-looking statements are subject to a number
of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and
even if such actual results are realized or substantially realized, there can
be no assurance that they will have the expected consequences to, or effects
on the Company. Factors that could cause actual results or events to differ
materially from current expectations include, among other things, the
possibility that future exploration results will not be consistent with the
Company's expectations, uncertainties relating to the availability and costs
of financing needed in the future, changes in equity markets, changes in
commodity prices, foreign currency fluctuations, political developments in the
DRC, changes to regulations affecting the Company's activities, delays in
obtaining or failure to obtain required project approvals, the uncertainties
involved in interpreting geological data and the other risks involved in the
resource exploration business. Any forward-looking statement speaks only as of
the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.
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.
For further information:
For further information: please visit our website at www.loncor.com or
contact: Arnold T. Kondrat, Chairman of the Board, Telephone: (416) 366-2221