Thor Explorations has announced an initial NI 43-101 standard Maiden Mineral Resource Estimate for the Makosa Deposit which is located in the southern portion of the Douta Gold Project in Senegal.
The MRE is classified as Inferred Resources and is constrained within optimised pit shells and comprises 15.3 Mt grading 1.5 grammes per tonne (g/t) gold (Au) for 730,000 oz of gold.
The Company is also pleased to announce that exploration drilling at the Mansa Prospect, which is located 5 km along strike from Makosa, resulted in encouraging drilling intersections including 4 metres (m) grading 3.11 g/t Au, 5m grading 1.75g/t Au and 2m grading 10.65g/t Au.
The Makosa MRE encompasses the Makosa, Makosa North and Makosa Tail zones, which all remain open along strike and down dip, and are expected to grow with ongoing drilling either along strike or at depth.
The MRE provides a foundation for continued resource growth along strike to the north from Makosa North together with the satellite deposits, including the newly discovered Mansa, that are currently being assessed along the 30 km long Makosa gold corridor.
Segun Lawson, President & CEO, stated:
“The Makosa Maiden Resource Estimate is 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 kilometres. This provides for a solid growth platform for Thor following the greenfield discoveries of Makosa and Makosa Tail in 2018 and 2020 respectively.
“We are now focussing our exploration towards expanding the resource along the prospective corridor that runs along the full 30km length of our exploration licence. Priority will be given to extensional drilling at Makosa North where the mineralisation remains open-ended towards the north-east.
“We are equally excited with the first drilling results from our new greenfield discovery Mansa which is located on the same structure as Makosa. In addition to undertaking definition drilling at Mansa the 5km gap between Makosa North and Mansa will also be targeted in our next drilling program.”