07 Feb Thor Explorations begins 2022 exploration at Douta gold project in Senegal
Gold miner Thor Explorations has begun its first exploration drilling campaign of the year at the Douta project in Senegal, the day after the West African nation became AFCON 2022 champions.
The TSXV and AIM-listed firm will start a comprehensive exploration programme at the project with 5,000 metres of RC drilling. Douta is part of the Makosa Gold Deposit, which currently comprises a 730,000 ounces of gold inferred resource, according to a mineral resource estimate published in November.
The first phase of drilling at Douta has been designed to extend the strike extensions of the resource, which remains open-ended along strike to the North. The work programme for the rest of the year includes an additional 25,000 metres of RC and diamond drilling, which should inform an upgrade to the existing resource at Makosa.
Thor’s CEO Segun Lawson said: “The Makosa resource of 730,000 ounces of gold provides a solid base for growth. Our exploration efforts are now focused on expanding the resource along the prospective corridor that runs along the full 30 km length of our exploration licence.
“Priority during the first phase of drilling will be given to extensional drilling at Makosa North where the mineralisation remains open-ended towards the Northeast. We are equally excited with the greenfield discovery Mansa, which is located on the same structure as Makosa. We look forward to keeping the market updated on the progress of the drilling programme at Douta.”
The company also reported improving month-on-month operational metrics at the Segilola Gold Mine in Nigeria, which produced 7,041 ounces of gold in January.