Thor Explorations – The Douta Development Project Continues To Deliver More Solid Drill Results, Segilola Production Is On Track For Annual Guidance
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us to review the recent higher-grade and wide-intercept drill results at the Douta development Project in Senegal and provides an operational review Segilola in 2022. The Company is continuing to expand the resources at the Makosa ore body, which now has grown to a 7km strike length, and also incorporates the Makosa Tail area. 26,000 meters were drilled at Douta this year, doing step-out drilling and infill drilling at the Makosa deposit, as well as expansion drilling around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets. There are still drill assays pending for the 3 satellite deposits that will be reporting early in the new year.
The next key Company milestones will be to get all these 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 previously reported 730,000 ounce Maiden Mineral Resource Estimate for the Makosa Deposit, and to now 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, and how it is looking constructive for hitting their upper end of guidance for 2022. The operations and financial numbers will be reported to the market in early 2023.
If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email us at either firstname.lastname@example.org or email@example.com.
*In full disclosure, Shad is a shareholder of Thor Explorations.