Thor Explorations Ltd. (TSXV: THX) (AIM: THX) has received promising initial drilling results from both the newly discovered Sambara Prospect together with continued encouraging results from the Makosa gold deposit at its Douta Gold Project, Senegal.
The Douta Gold Project currently encompasses the Makosa gold deposit which currently comprises an Inferred Resource of 730,000 ounces of gold as announced in its maiden Mineral Resource Estimate (MRE) published in November 2021.
A comprehensive exploration programme, comprising approximately 5,000 metres of reverse circulation (RC) drilling in the first phase, was designed to both upgrade parts of the existing resource and to test a newly identified target located towards the northern parts of the exploration licence which is known as Sambara.
Initial results suggest that Sambara could potentially develop into a supplemental high-grade resource. In addition, drilling at the southern extremity of Makosa has resulted in a high grade intersection which indicates that robust mineralisation extends at depth.
Highlights include:
Sambara
- Drillhole DTRC426 6m at 4.80g/t Au from 65m
- Drillhole DTRC431 6m at 4.80g/t Au from 12m
- Drillhole DTRC491 2m at 6.39g/t Au from 8m
- Drillhole DTRC493 6m at 2.58g/t Au from 57m
- Drillhole DTRC497 2m at 5.85g/t Au from 26m
Makosa
- Drillhole DTRC504 8m at 4.77g/t Au from 62m
- Drillhole DTRC506 4m at 2.95g/t Au from 1m
“We are pleased to report a successful initial drilling campaign on the Sambara prospect. Significantly, this has established that gold mineralisation is developed in the northern parts of our exploration permit. We look forward to advancing exploration on this discovery which we hope will supplement the Makosa resource,” President and CEO, Segun Lawson, said
“In addition, the first batch of samples from the Makosa upgrade drilling program have produced very positive results that suggest that the resource may extend at depth. We are looking forward to receiving further results from our drilling program which will continue over the next six weeks.”
The Douta permit is strategically positioned four km east of the deposits Massawa North and Massawa Central deposits which form part of the world class Sabadola-Massawa Project that is owned Endeavour Mining. The northern part of the permit is bounded by the Makabingui group of gold deposits that belong to Bassari Resources Ltd.
For further information please visit: https://thorexpl.com/
