Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has released a maiden mineral resource estimate for the Makosa deposit on the southern portion of its Douta gold project in Senegal.
The resource estimate outlines an inferred resource of 15.3 million tons at a grade of 1.5 grams per ton (g/t) gold for 730,000 ounces of gold, according to a statement from the company.
Mineralization remains open along strike with “further growth potential,” Thor told shareholders.
READ: Thor Explorations says new drill results from the Makosa North prospect in Senegal extends mineralization further north than expected
Another discovery at the Mansa prospect nearly five kilometers along strike from Makosa revealed intersections including 4 meters grading 3.11 g/t gold, 5 meters grading 1.75 g/t gold, and 2 meters grading 10.65 g/t gold.
Thor CEO, Segun Lawson, called the Makosa maiden resource estimate the company’s “first major milestone” at the Douta project.
“The resource is the culmination of the first round of mostly wide-spaced exploration drilling conducted over a strike length of over seven kilometers. This provides for a solid growth platform for Thor following the greenfield discoveries of Makosa and Makosa Tail in 2018 and 2020 respectively,” Lawson said.
The firm is now focusing exploration towards expanding the resource along the prospective corridor that runs along the full 30-kilometer length of its exploration license, with priority given to extensional drilling at Makosa North where the mineralization remains open-ended towards the north-east, Lawson added.
Makosa encompasses the Makosa, Makosa North and Makosa Tail zones, which all remain open along strike and down dip.
The Douta gold project covers an area of 58 square kilometers within the Kenieba inlier in eastern Senegal. The property is strategically positioned 4 kilometers east of the Massawa North and Massawa Central deposits which form part of the world-class Sabadola-Massawa Project owned by Endeavour Mining.
Vancouver-based Thor has mineral properties in Nigeria, Senegal and Burkina Faso, including a 100% interest in the Segilola gold project located in Osun State of Nigeria and a 70% interest in Douta.
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