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Thor Explorations Ltd.
Summary
| Project: | Douta | |
|---|---|---|
| Deposit: | Makosa | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2017: Thor Explorations Ltd. announces an Exploration/Drilling Update report for its Makosa deposit at the Douta project. Drilling results incl. 8m @ 10.9g/t Au from 2m. 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 of its recently completed 2,000 metre RC drill program (“The 2017 RC Program”) on its Douta Gold Project, Senegal. The 2017 RC Program has identified a number of wide, near-surface significant intersects on the Makosa Prospect in the Douta Project. 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 and is controlled by the Main Transcurrent Shear Zone (MTZ). To date, diamond and RC drilling have been used to delineate gold mineralisation at the Douta Project in Senegal. A total of 13 diamond holes for 1,531m and 24 RC drillholes for 2,000m have been completed over a strike length of approximately 2.1km. The 2017 RC Program has defined several mineralised zones up to 35 metres true width with mineral resource potential. Based on the current data, the mineralization appears to be open along strike and down dip and at depth. Segun Lawson, President & CEO, stated "We are extremely excited by these drill results on our Douta Project which clearly follows up on our previous exploration success and are directly comparable with results of other deposits in the region. The drilling campaign has been a success and these results so early on and at such shallow depths comfirm management’s belief in the prosepectivity of the Douta Project. Thor is looking forward to adding to its to its resource inventory in addition to the advanced Segilola Gold Project in Nigeria .” A further drill program is being designed to test the deposit at depth and in both directions along strike and down dip. | |
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