Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) said drilling from the 2024 exploration programme at the Douta gold project in Senegal had intersected significant gold mineralisation east of the main Makosa deposit.
Makosa East runs parallel to the main trend, with the priority from the drilling to extend the oxide component of the existing resource of 1.78 million oz indicated and inferred.
The best results so far in the latest programme included 24 metres at 3.53 g/t gold from the surface and 9 metres at 2.74 g/t from a depth of 15 metres.
Segun Lawson Thor’s chief executive commented the results were encouraging.
"We look forward to completing the balance of the 15,000-metre drilling programme in the coming months over a number of prospects in the Douta and Douta West licences,” he added.
The objective is to incorporate all results into an updated resource and Preliminary Feasibility Study in the second half of the year, he said, as part of the plan to bring a second gold mine into production.