Loncor Receives Award of Excellence From Regional Government, Orientale Province, D.R. Congo
Published : May 05, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Growth |

TORONTO, May 5 /CNW/ - Loncor Resources Inc. (the "Company" or "Loncor") (TSX-V: LN) (NYSE-AMEX: LON) is pleased to announce that it has won the Award of Excellence from the Government of Orientale Province in northeastern Democratic Republic of the Congo (the "DRC"). Loncor was voted "Best Company in the Province" among candidates from all industry sectors based on reports from several provincial Government Departments including health, environment, education, employment, infrastructure, technology transfer, and security. The selection was made by Provincial Members of Parliament, the Governor's Office and the Chamber of Commerce. Loncor is the first and only mining company to win this annual award, which was established in 2007 to encourage the growth of socially responsible business in the Province.

At the award ceremony that was held in Kisangani on April 30, 2011, eight chiefdoms were also represented from the Ngayu project area and they commended Loncor as a model which other mining companies in the Province should follow and pledged continued support from their communities. The Provincial Minister of Mines and the Vice Governor also commended Loncor on its activities in the Province. In response, Loncor's General Manager  Fabrice Matheys thanked the Provincial authorities for the Award of Excellence and pledged continuing cooperation with the Provincial authorities

Commenting on Loncor's award, Peter Cowley, President and CEO of the Company, said: "We are honoured to be given this Excellence Award for our exploration activities in our Ngayu project area. From the onset we have had excellent relations with the Provincial authorities and local communities where we operate and it is pleasing to know that this is appreciated by all concerned".

The Loncor Foundation, a registered charity in the DRC funded by the Company, was established in 2009 to manage programs in Orientale and North Kivu provinces with the goal of improving the quality of life and opportunities for communities near the Company's exploration projects. The Loncor Foundation focuses primarily on health and education projects and undertakes projects recommended by local community leaders. Projects completed to date include a new primary school, the rehabilitation of a community hospital and support for a community electrification project. The Foundation is currently constructing a new medical clinic, among other ongoing initiatives.

Loncor is a gold exploration company with two projects in the DRC: the Ngayu and North Kivu projects. Additional information with respect to the Company's projects can be found on the Company's web site at www.loncor.com.

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:

please visit our website at www.loncor.com or contact: Peter N. Cowley, President and Chief Executive Officer, Telephone: + 44 (0) 790 454 0856; or Arnold T. Kondrat, Executive Vice President, or Tomas D. Sipos, Vice President, Corporate Development, Telephone: (416) 366-2221 or 1 (800) 714-7938

Loncor Resources Inc.

DEVELOPMENT STAGE
CODE : LN.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Loncor Resources is a exploration company based in Canada.

Loncor Resources develops gold and platinum in Congo Dem. Rep. of.

Its main asset in development is NORTH KIVU in Congo Dem. Rep. of and its main exploration properties are BAS CONGO, MAKAPELA and NGAYU in Congo Dem. Rep. of.

Loncor Resources is listed in Canada. Its market capitalisation is CA$ 60.6 millions as of today (US$ 57.2 millions, € 42.1 millions).

Its stock quote reached its lowest recent point on February 05, 2009 at CA$ 0.15, and its highest recent level on February 25, 2011 at CA$ 3.75.

Loncor Resources has 151 439 732 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Loncor Resources Inc.
10/9/2012Closes Financings
9/19/2012Announces Financings
Nominations of Loncor Resources Inc.
6/28/2013Announces Election of Directors
Project news of Loncor Resources Inc.
4/9/2013Loncor Resources Increases and Upgrades Mineral Resources at...
4/1/2013Loncor Resources Form 20-F Filed on EDGAR; Annual Financials...
10/25/2012(Ngayu)Reports Further Drill Intersections at Its Ngayu Project in ...
2/17/2012Loncor Resources Reports Further High GradeIntersections at ...
1/30/2012Loncor Resources Reports on Initial Bottle Roll Metallurgica...
1/26/2012Loncor Resources Reports on the Discovery Dr =?ISO-8859-1?Q?...
11/28/2011Loncor Resources Drills High Grade Intersectio =?ISO-8859-1?...
5/19/2011Loncor Resources: Major New Gold Discovery in Central Africa
4/1/2011(Ngayu)INTERSECTS 6.28 METRES GRADING 17.64 G/T AU, 3.25 METRES GRA...
3/16/2011(Ngayu)REPORTS ON COMMENCEMENT OF A REGIONAL GEOCHEMICAL BLEG SURVE...
1/6/2011(Makapela)Loncor Intersects 7.19 Metres Grading 64 g/t Au and 10.86 Me...
Corporate news of Loncor Resources Inc.
4/25/2013Moves to Toronto Stock Exchange
4/23/2013Completes the First Phase of IP Surveys at its Nagasa Prospe...
4/1/2013Form 20-F Filed on EDGAR; Annual Financials Filed on SEDAR
10/25/2012Loncor Resources Reports Further Drill Intersections at Its ...
10/9/2012Loncor Closes Financings
12/12/2011Loncor Completes Regional Assessment of Ngayu Greenstone Bel...
9/12/2011(Ngayu)Regional BLEG Geochemical Survey at Ngayu Project in the DR ...
9/6/2011Presenting at the Precious Metals Summit
5/5/2011Receives Award of Excellence From Regional Government, Orien...
4/25/2011TO COMMENCE TRADING ON NYSE AMEX
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LN.V)
0.400+0.00%
TSX-V
CA$ 0.400
11/29 10:24 -
0%
Prev close Open
0.400 0.400
Low High
0.400 0.400
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.400 -%
Volume 1 month var.
1,000 -%
24hGold TrendPower© : -33
Produces
Develops Gold - Platinum
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/26/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.46-1.06%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.55+0.79%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.63-0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.35-2.35%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22-6.52%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.83+5.17%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.42-1.48%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :