Thor Explorations – Comprehensive Exploration Update At The Douta Development Project
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us for a comprehensive exploration update at the Douta development Project in Senegal. The Company is continuing to expand the resources at the Makosa ore body, which now has grown to a 7km strike length, and incorporates the Makosa Tail zone and has been connected to the main deposit. In addition to the step-out drilling and infill drilling at the Makosa deposit, the exploration team has been further drill testing around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets.
Because of the continued drilling success finding new zones of mineralization and infilling key areas of interest, the exploration program was extended again with drills scheduled to keep turning through late December. At that point, the plan is to get all the new drill results released and then put into an expanded resource estimate update in Q1 of 2023, and then after that to wrap some economics around the Douta project in a Preliminary Economic Assessment for the market to evaluate.
The goal is to expand the resources well beyond the recent 730,000 ounce Maiden Mineral Resource Estimate for the Makosa Deposit, and show the economic viability of the new satellite deposits at Mansa, Maka, and Sambara potentially feeding into a central processing plant in a hub and spoke strategy. We wrap up by also highlighting some of the key near-term exploration and production catalysts at the producing Segilola Mine in Nigera.
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