Thor Explorations Limited - Commencement of Rc Drilling Program ON Douta Project Senegal
Suite 250, 1075 West Georgia Street
Vancouver, BC, Canada V6E 3C9
Tel: 1.778.373.0102 Fax: 1.604.639.4670
NEWS RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
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FOR IMMEDIATE RELEASE TSXV: THX
July 25, 2017 Shares Outstanding: 301,318,970
Vancouver, British Columbia
THOR EXPLORATIONS LIMITED - COMMENCEMENT OF RC DRILLING PROGRAM
ON DOUTA PROJECT SENEGAL
Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce
the commencement of a 2,000 metre RC drilling program (the “2017 RC Program”) on its Douta
Project in south-east Senegal.
Thor has previously carried out significant exploration programs on its Douta Project, which
included soil geochemistry, trenching, groun d geophysics, RAB and diamond drilling
campaigns that culminated in the announcement of the “Makosa” greenfield discovery by
Thor on February 6, 2013. Bedrock Mineralisation was confirmed in each hole over a 2.6 km
strike length within a high grade shear vein system. Mineralisation remains open at depth and
to the northeast and southwest along strike. Numerous additional areas along the shear zone
have been identified as follow-up targets.
Segun Lawson, President & CEO, stated "Whilst the Segilola Gold Project in Nigeria continues
to be our main focus, the Douta Project remains a highly prospective project that can deliver
significant value to Thor’s shareholders through its advancement. Following up on our previous
exploration success at Douta demonstrates our commitment to advancing this project, which
is located in a significantly gold-endowed Birimian Greenstone belt terrain that is host to the
nearby Sabodala Complex (5.4moz) and Massawa (4.4moz) gold deposits. We look forward
to completing the program and releasing the results over the next couple of months.”
About the Douta Project
The Douta Project is a gold exploration permit that covers an area of 103 km2 and is located
within the Kéniéba inlier, eastern Senegal. The Makosa Gold Discovery is a discovery located
on one of a number of soil anomalies within a 13 km long zone of mineralisation parallel to the
Main Transcurrent Shear Zone. The Makosa Prospect was prioritised by Thor as an analogue to
Randgold’s Massawa project, located approximately 5km to the west.
Map of Douta Project
Sabodala
Teranga
Sabodala Complex
M&I 87mt at
1.6g/t, 4.4MOz
Inferred 17mt at
1.8g/t for 1.0 MOz
Loulo
Randgold
M&I 53mt at
4.6g/t, 7.9MOz
Inferred 15mt at
3.8g/t for 1.9 MOz
Gounkoutou
Randgold
P&P 21mt at 4.5g/t, 5.3MOz
Segala& Tabakoto
Endeavour
M&I132mt at 1.63g/ t,
12.6 MOz
Sadiola
IAMGOLD/Anglo
P&P 233mt at 1.4g/ t, 10.8 MOz
Producing mine
Existing Resource
The 2017 RC Drilling Program
The 2017 RC Program consists of a total of 24 proposed drill holes for 2,000 metres. It has been
designed to target two parallel mineralized zones with the objective of defining continuity of
gold mineralisation. The 2017 Program has a particular focus on targeting the high-grade gold
zones, which are hosted within shear zones containing boudinaged quartz veins with fine
grained pyrite and arsenopyrite. The 2017 RC Program is also designed to test previously
identified second order structures.
Map of RC Program
MAKOSA PROSPECT –GOLD MINERALISATION ZONE
QUALIFIED PERSON
The above information has been prepared under the supervision of Alfred Gillman (F ellow
AusIMM, CP), who is designated as a “qualified person” under National Instrument 43-101 and
has reviewed and approves the content of this news release. He has also reviewed QA/QC,
sampling, analytical and test data underlying the information.
About Thor
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition,
exploration and development of mineral properties located in Nigeria, Senegal and Burkina
Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State Nigeria, a
70% interest in the Douta Gold Project located in south-eastern Senegal, and a 49% interest in
the Bongui and Legue gold permits located in Houndé greenstone belt, south west Burkina
Faso. Thor trades on the TSX Venture Exchange under the symbol "THX".
THOR EXPLORATIONS LTD.
Per: “Segun Lawson”
President & CEO
For further information please contact:
Tel: 778-373-0102
Fax: 604-434-1487
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.