Thor Explorations Ltd (CVE:THX) has announced “very encouraging” results from its first set of drill results at the Segilola gold project in Nigeria.
Thor holds a 100% interest in the Segilola Gold Project located in the Osun State of Nigeria.
WATCH: Thor Explorations LTD CEO Lawson thrilled by initial drill results
Highlights of the drilling include:
- Hole SGD171: 5.9 metres at 16.3 grams per tonne (g/t) gold (Au), including 4.4 metres at 23.4 g/t Au
- SGD173: 5.5 metres at 30.1 g/t Au, including one metre at 117.6 g/t Au
- SGD174: 10.8 metres at 9.7g/t Au, including 0. 5 metres at 151.2 g/t Au
- SGD178: 25 metres at 3.4 g/t Au
"We are extremely encouraged by these drill results and equally excited by the pending results on our Segilola Project. As part of our DFS [definitive feasibility study] field work, this drilling program was designed to increase the open pit head grade from its already impressive and robust 4.2 g/t Au. Drilling to date has targeted less defined areas of the open pit resource,” said Segun Lawson, the president and chief executive officer of Thor Explorations.
“We are also very encouraged with the high grade mineralisation found in the previously under -drilled 'saddle' in the central area of the resource. Follow up drilling will test the deeper high grade lodes identified in the successful 2017 drill program, which are now supported by these new results,” Lawson added.
The company said it expects to announce additional results in early May but Lawson gave a sneak preview, saying in some holes that have yet to assayed, such as SGD188, “the visual indications are very encouraging”.