• Montag, 23 Dezember 2024
  • 01:14 Uhr Frankfurt
  • 00:14 Uhr London
  • 19:14 Uhr New York
  • 19:14 Uhr Toronto
  • 16:14 Uhr Vancouver
  • 11:14 Uhr Sydney

CORRECTION: 3.2M True Width Grading 11.4g/tAu Intersected at Maka South Prospect, Douta Gold Project, Senegal

28.08.2018  |  GlobeNewswire

In a release issued today with the same headline, Thor Explorations Ltd. (TSX-V:THX) incorrectly stated a figure in the second paragraph. The g/tAu in the first sentence should have been 11.4, not 9.2. The corrected release follows:

Douta Permit Location Map


Plan View of the Maka Prospect and Drillhole Locations


Highlights

  • Near-surface gold mineralisation intersected in reconnaissance RC drill program
  • 3.2 metres true width at 11.4g/tAu
  • Potential new discovery adjacent to Basari Resources Makabingui Project

VANCOUVER, Aug. 28, 2018 - Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce it has drilled a potential discovery hole at a new prospect called Maka South located in the north east of the Douta Permit on its Douta Gold Project in south-east Senegal. The hole was drilled as part of a 1,000 RC metre reconnaissance reverse circulation (RC) program on a number of previously defined drill targets by soil geochemistry in the Maka area of the licence.

Drillhole DMRC012 on the Maka South Target intersected 4 metres true width at 11.4g/tAu from 18m downhole (Table 1). In addition to this result, seven other RC holes intersected anomalous gold mineralisation including 1m at 3.59g/t Au in drillhole DMRC013 (Appendix 1) on other targets in the area.

These first pass drill results are considered to be significant as they are located adjacent to the nearby Makabingui Gold Project comprising total resources of 11.9 million tonnes at 2.6g/t Au for a contained 1 million oz Au in an area of the Douta Permit that has received very little exploration attention to date.

Segun Lawson, President & CEO, stated: "A second prospect in the Douta permit further strengthens management’s assessment of the prospectivity of Thor’s Douta Permit as a whole. In addition to this, we are still looking forward to receiving the pending results from approximately 4,000 metres of RC drilling that were drilled at Makosa prior to the start of the rainy season in July. We will be in a good position to evaluate our options on the Douta Permit as a whole following the rainy season.”

Table 1: Significant Drillhole Intersection

HOLE ID Easting Northing RL Total
Depth
(m)
Azimuth Dip From
(m)
To
(m)
Downhole
Interval
(m)
True
Thickness
(m)
Average
Grade
(Aug/t)
AAS
DMRC012 185324 1447895 126 80 150 -50 18 22 4.00 3.2 11.4
Includes 20 22 2.00 1.6 20.1
and 43 44 1.00 0.8 1.1

50gm Fire assays (AA-26) were carried out by ALS Bamako, Mali. Thor adopts industry standard QAQC sampling and QAQC protocols.

The Douta Gold Project, Senegal (“Douta”) is located in the prospective, gold-endowed Birimian Greenstone belt in south east Senegal, West Africa. Douta lies within 5 kilometres of Randgold’s 3.6Moz Massawa resource. Gold mineralisation at Douta is considered to be controlled by the Main Transcurrent Shear Zone (MTZ), a regionally significant crustal structure (refer to Figure 1).

To date, diamond and RC drilling have been used to delineate gold mineralisation at the Douta Project in Senegal. A total of 13 diamond holes for 1,531m and 24 RC drillholes for 2,000m were completed over the Makosa Prospect and 7,800m of the planned 8,000m have been completed in the 2018 RC Program over a strike length of approximately 2.2km (refer to Figures 1 and 2).

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afcef046-d111-419c-82f9-23c250ada0bb

In addition to the drilling carried out at Makosa, Thor carried out a 1,000 metre scout drilling program on three drilling targets in the Maka Area that had been delineated by previous drill target generation that included soil geochemistry carried out by the Company.

The Maka South prospect has now been prioritised for follow up exploration work following the drilling of the potential discovery hole (refer to Figure 2).

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7854daee-3bac-4b24-a4a0-ff837d71280a

QUALIFIED PERSON
The above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, CP), who is designated as a “qualified person” under National Instrument 43-101 and has reviewed and approves the content of this news release. He has also reviewed QA/QC, sampling, analytical and test data underlying the information.

About Thor
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State Nigeria, a 70% interest in the Douta Gold Project located in south-eastern Senegal, and a 49% interest in the Bongui and Legue gold permits located in Houndé greenstone belt, south west Burkina Faso. Thor trades on the TSX Venture Exchange under the symbol "THX".

Thor Explorations Ltd.
Segun Lawson
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes “forward looking statements” within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. Such forward-looking statements, including but not limited to the completion of the acquisition of the Segilola Gold Project and the use of the proceeds of the private placement. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.

APPENDIX I: Table of Results: 2018 RC Drilling Program

HOLE ID Easting Northing RL Total
Depth
(m)
Azimuth Dip From
(m)
To
(m)
Downhole
Interval
(m)
True
Thickness
(m)
Average
Grade
(Aug/t)
DMRC001 187994 1450949 141 80 130 -50 72 73 1 0.8 0.36
DMRC002 187963 1450982 142 80 130 -50 40 41 1 0.8 0.47
and 41 42 1 0.8 0.61
and 44 45 1 0.8 0.31
and 54 56 2 1.6 0.69
Includes 55 56 1 0.8 1.05
DMRC003 187482 1449911 171 80 130 -50 78 80 2 1.6 0.33
DMRC004 186550 1449625 157 80 150 -50 64 65 1 0.8 0.19
DMRC005 186546 1449560 123 80 150 -50 23 24 1 0.8 0.2
DMRC006 186831 1449365 153 80 150 -50 No Significant Result
DMRC007 186809 1449437 161 80 150 -50 No Significant Result
DMRC008 186017 1449440 149 80 150 -50 49 50 1 0.8 0.81
and 52 54 2 1.6 0.33
and 74 75 1 0.8 1.29
DMRC009 185997 1449485 154 80 150 -50 64 65 1 0.8 0.2
DMRC010 185913 1449276 143 80 150 -50 No Significant Result
DMRC011 185859 1449308 145 80 150 -50 No Significant Result
DMRC012 185324 1447895 126 80 150 -50 16 18 2 1.6 0.26
and 18 22 4 3.2 11.4
Includes 20 22 2 1.6 20.05
and 43 44 1 0.8 1.13
DMRC013 185289 1447289 134 80 150 -50 50 53 3 2.4 0.51
and 56 61 5 4 0.78
Includes 57 58 1 0.8 1.3
Includes 60 61 1 0.8 1.34
and 63 68 5 4 0.3
and 69 76 7 5.6 0.96
Includes 73 74 1 0.8 1.17
Includes 75 76 1 0.8 3.59
DMRC014 186542 1450603 145 108 150 -50 No Significant Result

NOTES:
Intersections and grades calculated at 0.5g/tAu cut off, 2m maximum internal dilution
Included intervals calculated at 1.0g/tAu cut off with maximum 2m internal dilution


For further information please contact:

Tel: 778-373-0102
Fax: 604-434-1487
Email: info@thorexpl.com

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Thor Explorations Ltd.
Bergbau
A0YAQ9
CA8851491040
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.