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Thor encounters high-grade intervals at Makosa in Senegal

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Thor Explorations’ Douta permit is strategically positioned in the south-east of Senegal, about 4km east of Endeavour Mining’s Sabadola-Massawa Project. The northern parts permit is bounded by the Makabingui group of gold deposits that belong to Bassari Resources. Image credit: Thor Explorations Limited.

Thor encounters high-grade intervals at Makosa in Senegal  

TSX listed Thor  Explorations has identified several high-grade intervals in drilling results from the Makosa gold deposit at the Douta Gold Project in Senegal.

The company encountered intervals of more than 13.8 grams per tonne of gold (g/t Au) during drilling showing that more higher-grade material has been delineated in line with its latest program objectives.

The Douta Gold Project (Thor encounters high-grade intervals at Makosa in Senegal)  

The Douta Gold Project is a gold exploration permit that covers an area of 103 km2 and is located within the Kéniéba inlier, eastern Senegal. The northeast trending permit has an area of 103km2.

Thor Explorations, through its wholly owned subsidiary African Star Resources, has acquired a 70% economic interest in the licence from the permit holder International Mining Company (IMC). IMC has a 30% free carry until the announcement by Thor of a Probable Reserve.

The Douta permit is strategically positioned 4km east of Endeavour Mining’s Sabadola-Massawa Project. The northern parts permit is bounded by the Makabingui group of gold deposits that belong to Bassari Resources.

The Makosa resource (Thor encounters high-grade intervals at Makosa in Senegal)  

The Makosa resource is currently classified as inferred. In July 2022 Thor commenced a program of follow up Reverse Circulation (RC) and diamond drilling with the objective of upgrading the higher-grade portions of the resource, that fall within the optimised pit shell, to indicated classification.

At Makosa, zones of gold mineralisation are developed either within a sheared gabbro intrusive or within a steep north-westerly dipping sequence of meta-sedimentary rocks that are in close proximity to the gabbro. Higher grade zones or shoots are expected to occur along east-west oriented structures that cut across the main north-east trend of the mineralisation.

Strong mineralisation from surface (Thor encounters high-grade intervals at Makosa in Senegal)  

According to Segun Lawson, President and CEO of Thor, the company continues to encounter strong mineralisation from the surface, and at relatively shallow depths.

“In addition to upgrading the resource to a mostly indicated classification, the current drilling program was designed to test interpreted higher-grade parts of the deposits that were thought to be related to cross-structures,” explains Lawson.

“We continue to encounter strong mineralisation from the surface, and at relatively shallow depths. The team will continuing shallow drilling along the entire strike length of the deposit, with the objective of delineating a high grade, shallow, mineable deposit,” says Lawson.

Thor Explorations is engaged in the acquisition, exploration and development of mineral properties in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria. Mining and production commenced at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project located in south-eastern Senegal. Thor trades on the TSX Venture Exchange and the AIM segment of the London Stock Exchange under the symbol “THX”.

Source: Thor Explorations

Thor encounters high-grade intervals at Makosa in Senegal

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Thor encounters high-grade intervals at Makosa in Senegal   

 

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