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Thor Explorations Ltd.
Summary
| Project: | Douta | |
|---|---|---|
| Deposit: | Douta | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Thor Explorations Ltd. announces an Exploration/Drilling Update report for its Douta deposit at the Douta project. Drilling results incl. 3m @ 13.2g/t Au from 33m. Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alfred Gillman (Not stated) | |
| ABSTRACT: | Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce positive results from its first set of drill results from its ongoing 8,000 metre RC drill program (“The 2018 RC Program”) on its Douta Gold Project in south-east Senegal. The 2018 RC Program has been designed to test the extension of the mineralization zone previously delineated by the 2017 RC Drilling Program. The results have confirmed continuous mineralisation both down dip and along strike for 3km. The mineralisation zone remains open-ended on strike and down dip. Segun Lawson, President & CEO, stated "These results confirm management’s assessment of the prospectivity of Thor’s Douta Project and builds on our 2017 exploration success. Notably, the results are comparable with other major deposits in the region which raises the potential of a discovery emerging at a significant scale. Thor is looking forward to announcing the remaining results from the current program in July and assessing mineral resource potential. The Douta Gold Project, Senegal (“Douta”) is located in the prospective, gold-endowed Birimian Greenstone belt in south east Senegal, West Africa. Douta lies within 5 kilometres of Randgold’s 3.6Moz Massawa resource. Gold mineralisation at Douta is considered to be controlled by the Main Transcurrent Shear Zone (MTZ), a regionally significant crustal structure (refer to Figure 3). | |
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