Thor Explorations – First Set Of Gold Drill Assays Returned From The 2024 Exploration Program At The Douta Project
Segun Lawson, President and CEO of Thor Explorations (TSX.V: THX) (AIM: THX) (OTC: THXPF), joins me to review the first set of drilling results from its 2024 exploration program at the Douta Gold Project, Senegal. This is the next project being moved down the development pathway for the Company to be mine number 2, building upon their flagship producing Segilola Gold Mine, in Nigeria. The Douta Gold Project encompasses the Makosa gold deposit which currently comprises a total resource of approximately 1.78 million ounces of gold in all categories.
In the recent news announced on June 26th, this drilling program has focused on the extensions to Makosa East, which runs parallel to the main Makosa mineralised trend, with the priority being to increase the oxide component of the existing resource. Segun discusses what increasing this overall oxide component could mean as all of this ongoing drilling and additional data feeds into an updated resource estimate and Pre-Feasibility Study later this year. Also much of the drilling has identified these mineralized zones in fairly shallow 60-80 meter true depth, making it very amenable to open pit mining, where he eluded to it being almost a “free dig” scenario if the decision is made to proceed with development.
The assay results from the drilling completed to date include the following highlights:
- Drillhole DTRC941 - 24 metres ("m") at 3.53 g/t Au from 0m
- Drillhole DTDD920 - 12m at 1.40 g/t Au from 33m
- Drillhole DTDD921 - 9m at 2.74 g/t Au from 15m
- Drillhole DTRC936 - 8m at 1.13 g/t Au from 16m
If you have any questions for Segun regarding Thor Explorations, then please email them into me at Shad@kereport.com , and we’ll get those submitted to management or discussed in future interviews.
- In full disclosure, Shad is a shareholder of Thor Explorations at the time of this interview.
