Newmont Mining is the owner of 16.8% of Loncor Resources (TSX:LN)(AMEX:LON) and is waiting on the results of a BLEG survey completed on Loncor's 4,550 sq km Ngayu Greenstone belt in DR Congo. We expect the extremely reliable results of this survey will highlight numerous new drill targets across the vast area which is characterized with deeply contorted BIF (Banded Ironstone Formations). These are the ideal conditions for discovering elephant deposits of gold. Results are expected in mid July '11. To date Loncor has been successful in its early drill programs with drill results including 64 g/t. For more information visit CFMonitor.com
Leading edge BLEG Technology
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