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Thor Explorations Ltd.
Summary
| Project: | Douta | |
|---|---|---|
| Deposit: | Douta | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 8/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2018: Thor Explorations Ltd. announces an Exploration/Drilling Update report for its Douta deposit at the Douta project. Drilling results incl. 4m @ 11.4g/t Au from 18m. 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 it has drilled a potential discovery hole at a new prospect called Maka South located in the north east of the Douta Permit on its Douta Gold Project in south-east Senegal. The hole was drilled as part of a 1,000 RC metre reconnaissance reverse circulation (RC) program on a number of previously defined drill targets by soil geochemistry in the Maka area of the licence. Drillhole DMRC012 on the Maka South Target intersected 4 metres true width at 11.4g/tAu from 18m downhole (Table 1). In addition to this result, seven other RC holes intersected anomalous gold mineralisation including 1m at 3.59g/t Au in drillhole DMRC013 (Appendix 1) on other targets in the area. These first pass drill results are considered to be significant as they are located adjacent to the nearby Makabingui Gold Project comprising total resources of 11.9 million tonnes at 2.6g/t Au for a contained 1 million oz Au in an area of the Douta Permit that has received very little exploration attention to date. Segun Lawson, President & CEO, stated: "A second prospect in the Douta permit further strengthens management’s assessment of the prospectivity of Thor’s Douta Permit as a whole. In addition to this, we are still looking forward to receiving the pending results from approximately 4,000 metres of RC drilling that were drilled at Makosa prior to the start of the rainy season in July. We will be in a good position to evaluate our options on the Douta Permit as a whole following the rainy season.” | |
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