Markets

Loncor Says Exploration Activities Unaffected by Current Unrest in Goma, DRC

Loncor Resources Inc (LN.V) reports 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 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 is currently at a yr low of 87 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos