19 Nov Thor Explorations publishes initial mineral resource for Makosa deposit in Senegal
TSXV-listed Thor Explorations has announced an initial NI 43-101 standard mineral resource estimate for the Makosa deposit, located in the Southern portion of its Douta gold project in Senegal.
The resource estimate is supported by 35,728 metres of drilling and currently stands at 15.3 million tonnes grading 1.5 g/t gold for 730,000 oz of gold. The resource is classified as inferred and constrained within optimised pit shells.
The Makosa resource encompasses the Makosa, Makosa North and Makosa Tail zones, all of which remain open along strike and down dip, and are expected to grow with ongoing drilling.
In a press release, Thor’s CEO Segun Lawson described the maiden resource estimate as the company’s ‘first major milestone at the Douta project’.
“The resource is the culmination of the first round of mostly wide-spaced exploration drilling conducted over a strike length of over 7 km,” he said. “This provides for a solid growth platform for Thor following the greenfield discoveries of Makosa and Makosa Tail in 2018 and 2020 respectively.”
Thor will now focus on expanding the resource along the prospective corridor that runs along the full 30 km length of its exploration licence. Priority will be given to extensional drilling at Makosa North, where the mineralisation remains open-ended towards the Northeast.
Additionally, Thor revealed that exploration drilling at the Mansa prospect, located 5 km along strike from Makosa, resulted in encouraging drilling intersections, including 4 metres grading 3.11 g/t gold, 5 metres grading 1.75 g/t gold and 2 metres grading 10.65 g/t gold.