Announcement Date: 2022-12-20
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Thor Explorations Ltd.
Project name: Douta
Location: Senegal
Commodities: Gold
Highlight: Drilling results incl. 26m at 4.66g/t Au, from 42m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Thor Explorations Ltd. (TSXV/AIM: THX) (“Thor” or the “Company”) is pleased to announce drillintersections of significant gold mineralisation from the Makosa gold deposit (“Makosa”) at its Douta Gold Project, Senegal (the “Douta Project”). The Douta Gold Project encompasses the Makosa gold deposit which currently comprises an Inferred Resource of 730,000 ounces of gold, grading at 1.53 grams per ton (“g/t”), as announced in its maiden Mineral Resource Estimate (“MRE”) published on 18 November 2021. A comprehensive 26,000 metre exploration program of reverse circulation (“RC”) drilling has been ongoing at Douta during 2022, and was designed to upgrade parts of the existing resource and to specifically target potentially higher-grade parts of the deposit. Further to the initial drilling results published on 16 November and 12 September 2022, the Company today publishes the results from the final 8,000 metres drilled.
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