https://www.miningweekly.com

Drilling starts on Thor's Senegal assets

Thor Explorations starts drilling at Douta, Senegal

Thor Explorations starts drilling at Douta, Senegal

Photo by Thor Explorations

12th March 2018

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal.

This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide, near-surface significant intersects on the Makosa prospect, in the Douta project, notably 10 m at 8.1 g/t gold, including 7 m at 10.9 g/t gold.

The TSX-V-listed company also underlined other highlights of the 2017 RC programme such as the near-surface gold mineralisation; 10 m true width at 8.1 g/t gold, including 7 m true width grading 10.9 g/t gold; 19 m true width at 2 g/t gold, including 10 m true width at 2.8 g/t gold and 13 m true width at 2.1 g/t gold.

Thor also pointed to a number of holes ending in mineralisation, indicating potential for extensions to mineralisation at depth.

The team has traced the mineralisation to be open along strike and down dip, based on current data. The 2018 RC programme has been designed to target the mineralisation zone delineated by the 2017 RC drilling programme at both down dip and along strike.

AFRICAN FOCUS
Thor is currently advancing two high-value gold projects in West Africa. It holds a 70% interest in the Douta gold project. The Douta gold project lies within the Kénéiba Inlier, which hosts significant gold resources and has attracted major international mining companies. Thor is currently advancing the Makosa discovery at Douta following a successful RC drilling campaign in 2017.

Thor's most advanced project is the Segilola gold project, located in Osun state, Nigeria, which is considered Nigeria's most advanced gold project, holding an indicated resource of 556 000 oz grading at 4.2 g/t, an inferred resource of 306 000 oz grading 4.7 g/t and a probable reserve of 448 000 oz grading 4.2 g/t.

In addition to the Segilola project, Thor also holds a 49% interest in the Central Houndé project, Burkina Faso.

The company's TSX-V-listed equity slid 5.26% to C$0.18 a share on Monday, in step with broad selling on the S&P/TSX Venture Composite Index.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.14 0.178s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: