Business
Robust Drill Intersections Returned from Makosa North Prospect at the Douta Gold Project, Senegal
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2021) - Thor Explorations Ltd. (TSXV...
About this update from Thor Explorations Ltd.
[{"type":"text","content":"Robust Drill Intersections Returned from Makosa North Prospect at the Douta Gold Project, SenegalVancouver, British Columbia--(Newsfile Corp. - August 12, 2021) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (\"Thor\" or the \"Company\") is pleased to announce further drilling results from the northern extensions of the Makosa mineralised trend at its Douta Project, Senegal. Wide-spaced exploratory drill sections were completed over a 1,300m northern extension beyond the last line of drilling. Results received to date indicate that gold mineralisation continues to the north and remains open-ended.Highlights include:Makosa NorthDrillhole DTRC29615m at 2.42g/tAu from 65m (includes 10m at 3.21g/tAu from 65m)3m at 2.88g/tAu from 77mDrillhole DTRC2818m at 1.69g/tAu from 6m16m at 1.58g/tAu from 17m (includes 3m at 5.53g/tAu from 19m)Drillhole DTRC2839m at 2.93g/tAu from 10m (includes 7m at 3.56g/tAu from 11m)Drillhole DTRC31110m at 1.42g/tAu from 48mSegun Lawson, President & CEO, stated\"The drilling results from Makosa North are particularly exciting as they suggest that the Makosa gold system continues further to the north than originally expected. Furthermore, several higher-grade intersections were received that may suggest an increase in grade to the north. In addition, the last section drilled on hole DTRC311 intersected 10m at 1.42g/tAu suggesting that the mineralisation is open-ended to the north.\"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 (Figure 1). Thor, through its wholly owned subsidiary, African Star Resources Incorporated (\"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.The Douta licence is strategically positioned 4km east of the Massawa North and Massawa Central deposits which form part of the world class Sabadola-Massawa Project that is owned by Teranga Gold Corporation (Figure 1). The northern parts of the Makosa prospect were tested previously with wide-spaced reverse circulation (\"RC\") drilling with mineralisation being intersected on the last exploration drill line. Subsequently a follow up programme ...