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Thor Explorations Ltd.
Summary
| Project: | Segilola | |
|---|---|---|
| Deposit: | Segilola | |
| Location: | Nigeria | |
| Commodities: | Gold | |
| Date: | 5/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-5-2017: Thor Explorations Ltd. announces an Exploration/Drilling Update report for its Segilola deposit at the Segilola project. Drilling results incl. 18.8m @ 4.7g/t Au from 190.0m. Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) i | |
| Resources: | (not mentioned in this report) | |
| 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 the first drill hole (SGD155) in its ongoing 5,500 metre “proof of concept” diamond drill program. The drill hole intersected the primary high grade gold mineralised zone of the ore body, returning 16 metres at 4.7g/t extending the orebody down-dip. The Company also reports that logging of drill holes SGD156 and SGD157 indicate strong potential for continuity of the mineralised zones further down-dip, with visible gold identified in the core. The drilling program is continuing and the Company expects to announce the results of SGD156 and SGD 157 within the next 2 weeks. Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project in Osun State Nigeria approximately 120km northeast of Lagos. The Company believes the Segilola Gold Project is one of the most advanced exploration gold projects in Nigeria. Thor holds a 70% interest in the Douta Gold Project located in southeastern Senegal. The Douta Gold Project lies within the Kéniéba Inlier which hosts significant gold resources and has attracted major international mining companies. | |
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