Figure 2 shows the Gradient Array Chargeability map. For Anomaly 1, the highest chargeability in the extreme east correlates very closely with the suboutcrop of BIF unit 4, and appears to be increasing in intensity eastwards off the current grid. The Gradient Array suggests that Anomaly 2 is weakening to the west and east, although the anomaly is still well defined on the eastern and western Pole-Dipole array lines and appears to be extending off the grid in both directions. It is significant that the highest chargeabilities in the Anomaly 2 Gradient Array data are near the southern edge of the anomaly, and are coincident with the area of possible demagnetization.
Gradient Array Resistivity data is shown in Figure 3. In the case of Anomaly 2, there is a well-defined resistivity low coincident with the chargeability high.
Examples of the Pole-Dipole sections are shown Figures 4 - 6. Significantly, these Pole-Dipole sections highlight that anomalies 1 and 2 do not reach surface. Anomaly 2 is considered to be the strongest anomaly and this will be the focus of the first phase of diamond drilling with drill holes planned over a strike of 2 kilometres. In addition, holes will be drilled to test Anomaly 1. Drilling in Phase 2 will focus mainly on Anomaly 3 with holes planned over a strike of 1.5 kilometres. The 12-hole drilling programme totals approximately 5,000 metres and is scheduled to commence on May 3, 2013 with two rigs.
The Nagasa IP anomalies are all open-ended, and Pole-Dipole lines are currently in progress to define their extensions to the east and west. The IP survey team will then move to other lithostructurally promising parts of the Ngayu project area where transported overburden may be masking mineralization, such as at Matete and Anguluku.
"These IP surveys at Nagasa have been very successful in locating strong IP anomalies along the structurally prospective Nagasa prospect trend," commented Loncor's President and CEO, Peter Cowley. "The more prominent anomalies are associated with high chargeability/low to moderate resistivity and demagnetized BIF units indicative of hydrothermal fluid introduction including gold. These surveys also highlight that the higher priority anomalies have significant strike length (each in excess of 2 kilometres) and also do not come to surface. IP surveys are continuing at Nagasa along strike to the west and east and will then be extended to other prospects such as Matete and Anguluku where alluvium and colluvium cover is present."
Dr. Howard Fall, Exploration Manager of Loncor, is the "Qualified Person" (as such term is defined in National Instrument 43-101) who is responsible for the contents of this press release.
Additional information with respect to the Company's Ngayu Gold Project is contained in the technical report prepared by Venmyn Rand (Pty) Ltd, dated May 29, 2012 and entitled "Updated National Instrument 43-101 Independent Technical Report on the Ngayu Gold Project, Orientale Province, Democratic Republic of the Congo". A copy of this report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Loncor Resources Inc. is a Canadian gold exploration company focused on two key projects in the Democratic Republic of the Congo ("DRC") - the Ngayu and North Kivu projects. The Company has exclusive gold rights to an area covering 2,087 sq km of the Ngayu Archaean greenstone belt in Orientale province in the northeast portion of the DRC. Loncor also owns or controls 53 exploration permits in North Kivu province located west of the city of Butembo. Both areas have historic gold production. Led by a team of senior exploration professionals with extensive African experience, Loncor's strategy includes an aggressive drilling program to follow up on initial known targets as well as covering the entire greenstone belt with regional geochemical and geophysical surveys. Additional information with respect to the Company's projects can be found on the Company's web site at www.loncor.com.
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