Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported further positive assays from its maiden drilling at its wholly-owned Guitry gold project in Côte d’Ivoire.
The 3,000-metre reverse-circulation drill programme has returned high-grade intercepts, Thor said, highlighting that the programme aims to unlock a better understanding of the mineralisation, following a phase of work interpreting historic data.
"We are encouraged by the progress at Guitry where the maiden drilling program shows mineralisation remains open at depth and there remains a significant amount of soil anomalism in the licence that remains untested," said chief executive Segun Lawson.
"We look forward to returning later this quarter following the rainy season to continue the next phase of drilling and working towards our target of a maiden resource in Côte d'Ivoire before the end of the year."
Among the latest highlight drill results was eight metres at 14.54 grams per tonne gold, from 114 metres, and four metres at 10.68 g/t from 81 metres.
Lawson, meanwhile, commented: "Côte d'Ivoire is a West African gold mining and exploration success story that hosts over 30% of West Africa's greenstone belts and is proving to be an emerging region for world class gold discoveries.
"Part of our exploration program in the country this year includes a maiden drilling program at our Marahui Project which has been designed based on highly encouraging initial exploration results."