Business
New Makosa "Bridge" Mineralisation at the Douta Gold Project, Senegal
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2021) - Thor Explorations Ltd. (TSXV:...
About this update from Thor Explorations Ltd.
[{"type":"text","content":"New Makosa \"Bridge\" Mineralisation at the Douta Gold Project, SenegalVancouver, British Columbia--(Newsfile Corp. - August 9, 2021) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (\"Thor\" or the \"Company\") is pleased to announce further drilling results from the southern Makosa Tail and Makosa Bridge prospects at its Douta Project, Senegal. Wide-spaced exploratory drill sections were completed over a 1,600m previously untested gap between Makosa to the north and Makosa Tail to the south. This zone is referred to as Makosa Bridge. Results received to date indicate that gold mineralisation is developed within sheared sedimentary and gabbroic host rocks over the strike length of Makosa Bridge thus connecting Makosa Tail and Makosa.Highlights include:Makosa BridgeDrillhole DTRC2069m at 2.39/tAu from 54mDrillhole DTRC235 8m at 2.48g/tAu from 31mDrillhole DTRC238 7m at 1.22g/tAu from 33m, and 3m at 2.88g/tAu from 77mDrillhole DTRC245 10m at 1.27g/tAu from 56mMakosa TailDrillhole DTRC208 4m at 4.67g/tAu from 41mDrillhole DTRC210 11m at 2.26g/tAu from 37mDrillhole DTRC223 3m at 7.47g/tAu from 69mSegun Lawson, President & CEO, stated\"The initial drilling results from the newly discovered Makosa Bridge prospect are very encouraging. Importantly, the results have established that continuous gold mineralisation is developed over a strike length of nearly 7.5km extending from Makosa Tail in the south to Makosa North. From these reconnaissance drill results it appears that the Makosa system is developing in scale and Makosa North is not yet closed off to the north. We are looking forward to receiving the last set of results aimed at extending Makosa North, after which we will be working towards a maiden resource at Makosa.\"IntroductionThe Douta Gold Project is a gold exploration permit that covers an area of 58 km2 and is located within the Kéniéba inlier, eastern Senegal. The northeast trending permit (Figure 1) has an area of 58 km2. Thor, through its wholly owned subsidiary African Star Resources Incorporated (\"African Star\"), has an economic interest in 70% 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.The Douta licence is strategically positioned 4km east of the deposits...