Thor releases additional drilling results from Douta gold project in Senegal

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Thor releases additional drilling results from Douta gold project in Senegal

Thor Explorations Ltd has announced additional drilling results from the Makosa gold deposit at the Douta gold project in Senegal.

The Douta Gold Project is a gold exploration permit, E02038, which covers an area of 58km2 and is located within the Kéniéba inlier, eastern Senegal. Thor, through its wholly owned subsidiary African Star Resources SARL (“African Star”), has a 70% economic interest in partnership with the permit holder International Mining Company SARL (IMC). IMC has a 30% free carried interest in its development until the announcement by Thor of a Probable Reserve.

 Drilling results

Thor continues to progress the Makosa Resource expansion drilling together with parallel workstreams including detailed metallurgical sampling and testing, environmental and social baseline monitoring as part of an Environmental and Social Impact Assessment, geotechnical and hydrological studies.

The released results are the latest from an ongoing comprehensive exploration program of reverse circulation (RC) drilling, which was designed to both upgrade parts of the existing resource and to specifically target potentially higher-grade parts of the deposit.

Highlights include drillhole DTRC561 returned 7 metres at 8.96 g/t gold from 67 metres (including 1m at 52.7 g/t Au). Drillhole DTRC540 returned 4 metres at 13.82 g/t gold from 44 metres. Drillhole DTRC570 returned 6 metres at 5.72 g/t gold from 59 metres (including 3m at 8.9 g/t Au).

Drillhole DTRC539 returned 10 metres at 3.80 g/t gold from 59 mettres. Drillhole DTRC536 returned 17 metres at 1.22 g/t gold from 15 metres. Drillhole DTRC550 returned 17 metres at 2.02 g/t gold from 80 metres (including 1m at 7.7 g/t Au).

Drillhole DTRC526 returned 2 metres at 12.98 g/t gold from 73 metres. Drillhole DTRC535 returned 11 metres at 2.23 g/t gold from 39 metres (including 1m at 8.44 g/t Au). Drillhole DTRC555 returned 10 metres at 2.70 g/t gold from 31 metres. Drillhole DTRC556 returned 11 metres at 2.30 g/t gold from 78 metres. Drillhole DTRC560 returned 5 metres at 4.80 g/t gold from 74 metres.

Segun Lawson, President and CEO, stated: “We are pleased to announce further, very positive drilling results from the southern parts of the Makosa resource area. In addition to upgrading the resource to a mostly indicated classification, the current drilling program was designed to test interpreted higher-grade parts of the deposits that were thought to be related to cross-structures. Several high-grade intervals with grades of up to 13.8 g/t gold were encountered during the drilling showing that more higher-grade material has been delineated in line with the program objectives.

“Notably, we continue to encounter strong mineralisation from the surface, and at relatively shallow depths. We are continuing this theme of shallow drilling along the entire strike length of the deposit, with the objective of delineating a high grade, shallow, mineable deposit. We look forward to updating the market with the drill results as we receive them this year.”

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