Thor Explorations Ltd. (TSXV: THX) (AIM: THX) has obtained drill-intersections of significant gold mineralization from the Makosa gold deposiat its Douta Gold Project, Senegal.
The Douta Gold Project encompasses the Makosa gold deposit which currently comprises an Inferred Resource of 730,000 ounces of gold, grading at 1.53 grams per ton (g/t), as announced in its maiden Mineral Resource Estimate (MRE) published in November 2021.
A comprehensive 26,000 metre exploration programme of reverse circulation (RC) drilling has been ongoing at Douta during 2022, and was designed to upgrade parts of the existing resource and to specifically target potentially higher-grade parts of the deposit.
Further to the initial drilling results published on 16 November and 12 September 2022, the company has now released results from the final 8,000 metres drilled.
Highlights include:
Drillhole DTRC596 40m at 1.95g/t Au from 0m
Drillhole DTRC640 26m at 4.66g/t Au from 42m including 10m at 10.29g/t Au
Drillhole DTRC612 32m at 1.45g/t Au from 43m
Drillhole DTRC620 9m at 11.74g/t Au from 58m
Drillhole DTRC626 9m at 4.18g/t Au from 0m
Drillhole DTRC624 16m at 2.20g/t Au from 85m
Drillhole DTRC637 38m at 1.01g/t Au from 42m
Drillhole DTRC641 31m at 1.40g/t Au from 97m
Drillhole DTRC658 37m at 1.18g/t Au from 37m
“We are pleased to announce further significant and robust drilling results from the Makosa Prospect,” President and CEO, Segun Lawson, said.
“These results are impressive and highly encouraging in the context of the Douta Project and conclude a highly successful drilling season on a celebratory note.
“The wide zones of near-surface oxide mineralisation combined with solid higher-grade zones at depth provide the encouragement and impetus to propel the next phase of advancing this very exciting project in the New Year.
“In the coming year our we plan to maintain focus both on resource growth and project development in Senegal to meet our objective of bringing the Company’s second gold mine into production.”
The company has now received all outstanding drilling results from the Makosa drilling campaign and now awaits the results from the infill programmes carried out at the Mansa and Maka Prospects. These results are expected in the early 2023.
Introduction
The Douta Gold Project is a gold exploration permit that covers an area of 103 square kilometres and is located within the Kéniéba inlier, eastern Senegal. The northeast trending permit has an area of 103 sq. km.
Thor, through its wholly owned subsidiary African Star Resources Incorporated, has acquired, 70% of the licence from the permit holder International Mining Company SARL (IMC). IMC has a 30% free carry until the announcement by Thor of a Probable Reserve.
The Douta permit is strategically positioned four km east of the Massawa North and Massawa Central deposits which form part of the world class Sabadola-Massawa Project that is owned Endeavour Mining. The northern parts permit is bounded the Makabingui group of gold deposits that belong to Bassari Resources Ltd.
For further information please visit: https://thorexpl.com/
