Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF, FRA:T2X) released a new round of drill results from its Makosa North prospect in Senegal that revealed more about the Douta gold project’s potential.
In a statement, Thor told investors that wide-spaced exploratory drill sections around 1,300 metres (m) north of the last line of drilling indicate that the gold mineralization continues to the north.
Thor added that the mineralization remains open-ended.
Results from the drill holes include 15m at 2.42 grams per ton (g/t) gold, including 10m at 3.21 g/t gold, and 8m at 1.69 g/t gold.
Other highlights were 9m at 2.93 g/t gold, including 7m at 3.56 g/t gold, and 10m at 1.42 g/t gold.
Thor CEO Segun Lawson called the results “particularly exciting” as they suggest that the Makosa gold system continues further to the north than originally expected.
“(Several) higher-grade intersections were received that may suggest an increase in grade to the north,” Lawson said. “In addition, the last section drilled on hole DTRC311 intersected 10 metres at 1.42g/t gold suggesting that the mineralisation is open-ended to the north.”
The Makosa gold system is on the Douta gold property, which covers 58 square kilometres within the Kenieba inlier, eastern Senegal and very near to the Sabadola-Massawa project owned by Teranga Gold Corporation.
Thor, through its wholly-owned subsidiary, African Star Resources Incorporated, has a 70% economic interest in partnership with the permit holder, International Mining Company SARL. IMC has a 30% free carried interest in its development until the announcement by Thor of a probable reserve.
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