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Thor Explorations Ltd.
Summary
| Project: | Segilola | |
|---|---|---|
| Deposit: | Segilola | |
| Location: | Nigeria | |
| Commodities: | Gold | |
| Date: | 7/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-7-2017: Thor Explorations Ltd. announces an Exploration/Drilling Update report for its Segilola deposit at the Segilola project. Drilling results incl. 4.4m @ 15.6g/t Au from 198.7m. positive interim results from its ongoing “Proof of Concept” diamond d | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alfred Gillman (Not stated) | |
| ABSTRACT: | positive interim results from its ongoing “Proof of Concept” diamond drill program at the Segilola Gold Project in Nigeria. Continuity of gold mineralisation in the main footwall lode continues to be confirmed as drilling proceeds down plunge. Additionally, drilling has intersected a number of previously unidentified mineralised parallel lodes in the hanging wall, with strong downhole intersections including 4.3m at 18.7g/tAu and 4.4m at 15.6g/tAu. The Company plans to provide these results in an independent updated resource statement with the Preliminary Economic Assessment, currently under preparation as part of a part of an updated independent NI43-101 report. Segun Lawson , President & CEO commented: “Of our planned 5,500 metre diamond drilling program, we have currently drilled 3,200 metres (including three holes pending results). The drilling results to date have been highly encouraging, confirming continuity down plunge to the south. The results have also improved our overall understanding of the deposit as well as identifying high grade hanging wall lodes parallel to the main footwall lode. This improved understanding is greatly benefiting our wider exploration program. This includes a new focus on-strike to the north of the Northern Hangingwall Lode, where we have also identified significant geochemical anomalies” | |
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