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Thor Announces Strong Initial Segilola Infill Drilling Results and Segilola Exploration Plan for Q3 2020
VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce the fi
About this update from Thor Explorations Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce the first set of drill results from its infill diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 next year. The infill diamond core drilling program was designed to provide further verification of the scheduled first three months of plant feed material. Significant intersections include: Drillhole GCD03: 6m grading at 5.35g/tAu Drillhole GCD04: 13m grading at 4.86g/tAu Drillhole GCD08: 9.1m grading at 4.60g/tAu Drillhole GCD07: 5.1m grading at 6.78g/tAu The drill results, which consisted of eight diamond core holes, are very encouraging as they have, in most cases, returned higher grades than those estimated in the Definitive Feasibility Study “DFS”) resource block model. These results provide additional confidence that key production milestones will be achieved. Segun Lawson, President & CEO, stated: “This in an excellent start to this year’s drilling. These results are in the Stage 1 pit design and provide additional confidence for the key first three months of production. Management has always had confidence in the DFS resource model and this first set of drilling results confirm this. We look forward to providing further updates through the course of the year.” The complete list of results from this program a tabled below. HOLE-ID Easting Northing Elevation Length (m) From (m) To (m) Interval (m) Grade (g/tAu) True Width (m) GCD01 4252 11647 330 50.5 0 2.5 2.5 2.56 1.8 GCD01 13.5 17.5 4 8.53 3.2 GCD01 32 36 4 7.21 2.9 GCD02 4261 11652 332 30.4 20 27 7 3.81 5.7 GCD03 4260 11569 320 40.9 11.2 21.5 10.3 1.85 8.1 GCD03 25 31 6 5.35 4.2 GCD04 4280 11610 338 30.5 0 13 13 4.86 9.1 GCD05 4277 11618 337 30.5 12 17.5 5.5 1.01 3.7 GCD06 4273 11629 336 45.3 1 8 7 3.15 5.5 GCD06 13.2 26.2 13 2.35 10.2 GCD07 4251 11608 325 45.8 23 31.1 8.1 3.15 6.4 GCD07 35.5 40.6 5.1 6.78 4 GCD08 4244 11562 314 47.2 24 33.1 9.1 4.6 7.3 GCD08 37 41 4 9.21 3.7 Table 1: Infill resource drilling significant results (0.5g/tAu lower cut off, 3m internal dilution) Explora...