Thor Explorations Announces Encouraging Maiden Exploration Drilling Results from the Marahui Project, Côte D'ivoire
Thor Explorations Announces Encouraging
Maiden Exploration Drilling Results from the
Marahui Project, Côte D'ivoire
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2026) - Thor Explorations Ltd. (TSXV:
THX) (AIM: THX) ("
Thor
" or the "
Company
") is pleased to announce encouraging maiden exploration
drilling results from its Marahui Gold Project ("
Marahui
" or the "
Licence
") in northeastern Côte d'Ivoire.
The project forms part of a portfolio of early-stage exploration licences in Côte d'Ivoire which also
includes the 100% owned Guitry Gold Exploration Project, and an option to earn up to an 80% interest in
the Boundiali Exploration Permit, located in north-west Côte d'Ivoire.
Highlights
The assay results include:
Drillhole MRRC26-008
- 6 metres ("
m
") at 5.60 grams per tonne (
"g/t"
) Au from 129m
Drillhole MRRC26-012
- 9m at 5.40 g/t Au from 40m
Drillhole MRRC26-115
- 6m at 6.20 g/t Au from 74m
Drillhole MRRC26-053
- 8m at 3.60 g/t Au from 35m
Drillhole MRRC26-143
- 8m at 3.40 g/t Au from 50m
Drillhole MRRC26-052
- 5m at 3.60 g/t Au from 75m
Segun Lawson, President & CEO, stated:
"We are extremely encouraged by this maiden set of drilling results which have followed the initial
early exploration success at this Licence.
"These encouraging results show high-grade mineralisation at a significant strike length
demonstrating the potential scale of Marahui and are an important step forward for Thor's exploration
portfolio in
Côte d'Ivoire
. Wide, high-grade intersections which are characterised over a 4km strike
length, including 6m at 6.20g/t Au, 9m at 5.40g.t Au and 6m at 5.60g/t Au reinforce our already high
confidence in the Licence.
"The scale of the opportunity is particularly encouraging. The drilling to date has identified multiple
parallel gold-bearing veins within a shear corridor extending over more than 4 km, yet drilling has
tested only approximately 30% of the overall geological trend. With further additional geochemical
anomalies already defined within the Licence, we have a clear pipeline of targets to test with our
ongoing drilling program.
"Marahui remains at an early stage, and we are delighted to start with these encouraging results which
open up a material and exciting new exploration opportunity for Thor. We look forward to testing the
additional targets over the coming months and reporting the remaining pending results as we build a
clear understanding of the project's scale and potential."
Introduction
The Marahui Project comprises exploration permit PR902, covers 250 square kilometres (
km
2
) and is
located in the Bondoukou Region of northeastern Côte d'Ivoire (Figure 1).
The Marahui permit is underlain by an arcuate, north-westerly trending sequence, Birimian schistose
volcano sedimentary rocks, which are surrounded by intrusive granites. In the contact zone, volcano-
sediments show strong foliation and silicification. Observed gold mineralisation is controlled by a NW-
SE shear zone in volcano-sediment schists and by extensional WNW-ESE quartz veins in granite.
Previous soil geochemical sampling and geological mapping around artisanal workings identified two
parallel anomalous structures. The larger anomaly extends for approximately 4 kilometres ("
km
") and is
approximately 200m wide. Follow-up rock-chip sampling of material from artisanal workings along this
structure confirmed bedrock gold mineralisation, returning values of up to 23.1g/t Au (Figure 2).
Figure 1: Marahui Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/314280_6cd08be4e4257ac9_002full.jpg
Marahui Exploration Drilling Results
Thor has carried out 18,439m of its budgeted 25,000m reverse circulation ("RC") drilling program as
part of its ongoing exploration programme, which is focused on a north-westerly-trending line of shallow
artisanal workings.
Drill samples are analysed by SGS Laboratories in Yamoussoukro using the FAA505 fire assay method
with a 50g charge. Significant intersections are presented in Table 1, and the complete drillhole
summary is provided in Appendix 1.
Gold mineralisation occurs in a subvertical, en-echelon vein array within a north-westerly-trending shear
zone approximately 200m wide and extending for more than 4km along strike (Figure 2). Drill-line
spacing ranges from 100m to 400m. Results to date suggest that individual veins have apparent strike
continuity of up to 700m and estimated true widths of up to approximately 7m.
Drilling to date has tested approximately 30% of the overall geological trend. Additional discrete
geochemical anomalies have been identified along the trend and are scheduled for drill testing in the
coming months. The Company considers the initial results highly encouraging, highlighting a new
exploration opportunity with the potential to support a future standalone operation, subject to further
exploration and technical and economic evaluation.
Hole ID
East
North
RL
Depth
(m)
Dip
Azi-
muth
From
(m)
To
(m)
Interval
(m)
Grade
(g/tAu)
True
Width
(m)
MRRC26-002
522850
960514
377
114
-53.1
234
7
14
7
0.80
5.6
MRRC26-004
522884
960540
386
150
-53.9
231
104
107
3
1.30
2.4
MRRC26-008
522667
960881
379
152
-54.4
229
129
135
6
5.60
4.8
and
93
99
6
0.60
4.8
MRRC26-012
522428
961140
348
156
-54.0
231
40
49
9
5.40
7.2
MRRC26-021
521611
962175
312
84
-55.0
50
40
45
5
2.00
4.0
MRRC26-022
521639
962199
312
84
-54.9
231
22
25
3
2.30
2.4
MRRC26-052
523165
960227
378
100
-55.0
230
75
80
5
3.60
4.0
MRRC26-053
523127
960196
374
100
-55.0
230
35
43
8
3.60
6.4
MRRC26-062
521561
962304
317
100
-55.0
230
25
30
5
1.70
4.0
MRRC26-083
523552
959309
399
102
-55.0
230
93
96
3
5.00
2.4
MRRC26-098
522294
961400
326
102
-55.1
230
85
90
5
2.50
4.0
MRRC26-114
523190
960234
380
183
-55.0
230
106
111
5
0.90
4.0
MRRC26-115
521941
961985
298
132
-55.0
230
74
80
6
6.20
4.8
and
65
72
7
0.80
5.6
MRRC26-137
521927
961972
299
60
-54.8
230
33
42
9
1.20
7.2
MRRC26-138
523092
960302
375
135
-55.3
230
114
117
3
2.70
2.4
MRRC26-143
522569
960932
380
120
-55.1
230
50
58
8
3.40
6.4
MRRC26-160
522732
960810
363
112
-55.0
230
18
21
3
1.79
2.6
Table 1: Marahui Project Significant Results
(0.3 g/t Au lower cut off; minimum width 3m with 3m max internal waste)
Figure 2: Marahui Project Drillhole Location Plan
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/314280_thor2.jpg
Conclusions
Initial RC drilling at Marahui has confirmed gold-bearing vein mineralisation within a northwesterly-
trending shear corridor approximately 200 m wide and extending for more than 4km. Mineralisation
occurs in a subvertical, en-echelon vein array, with results to date suggesting apparent strike continuity of
up to 700 m for individual veins and estimated true widths of up to approximately 7m.
Thor has completed 171 RC drillholes testing the interpreted shear zone. The program is ongoing and
assays remain pending, to be released as received. Significant intersections include 6m at 6.20g/tAu
from 74m in MRRC26-115, 6m at 5.60g/tAu from 129 m in MRRC26-008 and 8m at 3.40g/t Au from
50m in MRRC26-143. These intervals are downhole lengths.
With approximately 30% of the overall geological trend tested by drilling, considerable scope remains for
further exploration. Additional discrete geochemical anomalies have already been identified and are
scheduled for drill testing in the coming months, providing a clear pipeline of follow-up targets. These
encouraging results reinforce Marahui's potential within Thor's exploration portfolio in Côte d'Ivoire and
provide a strong foundation for the next phase of work. The potential for a future standalone operation
remains subject to further exploration and technical and economic evaluation.
Qualified Person
The above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, CP),
who is designated as a "qualified person" under National Instrument 43-101 and the AIM Rules 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 Explorations
Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration,
development and production of mineral properties located in Nigeria, Senegal and Côte d'Ivoire. Thor
Explorations holds:
a 100% interest in the Segilola Gold Project located in Osun State, Nigeria
a 100% economic interest in the Douta Gold Project located in south-eastern Senegal
a 100% interest in the Guitry Gold Project Côte d'Ivoire
additional exploration tenure in Nigeria, Senegal and Côte d'Ivoire, comprising wholly and majority-
owned interests
Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol "THX".
THOR EXPLORATIONS LTD.
Segun Lawson
President & CEO
For further information please contact:
Thor Explorations Ltd
Email:
Canaccord Genuity (Nominated Adviser & Broker)
James Asensio / Henry Fitzgerald-O'Connor / Harry Rees / Rory Blundell
Tel: +44 (0) 20 7523 8000
Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Jay Ashfield
Tel: +44 (0) 20 7907 8500
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 207 138 3204
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah
Tel:
+44 (0) 20 3004 9512
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.
This press release does not constitute an offer to purchase securities. The securities to be offered in the
offering have not been and will not be registered under the United States Securities Act of 1933, as
amended, or any state securities laws and may not be offered or sold in the United States or to, or for the
benefit or account of, a U.S. person, except pursuant to an available exemption from such registration
requirements.
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes
"forward looking statements" within the meaning of certain securities laws, and is subject to important
risks, uncertainties and assumptions
that could cause the actual results of the Company to differ
materially form the forward-looking statements. Such forward-looking statements, including but not
limited to, the Company's ability to fully finance the Project, to bring the Project into operation or to
produce gold from the Project, and the use of the proceeds.
The words "may", "could", "should",
"would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and
similar words and expressions are used to identify forward-looking information. The forward-looking
information in this news release describes the Company's expectations as of the date of this news
release and accordingly, is subject to change after such date. Readers should not place undue
importance on forward-looking information and should not rely upon this information as of any other
date.
While the Company may elect to, it does not undertake to update this information at any
particular time.
Appendix 1
Marahui Drillhole Summary
Hole ID
East
North
RL
Depth (m)
Dip
Azi-muth
From
(m)
To
(m)
Interval
(m)
Grade
(g/tAu)
True
Width
(m)
MRRC26-001
522820
960490
371
102
-55.0
50
87
90
3
0.40
2.4
MRRC26-002
522850
960514
377
114
-53.1
234
7
14
7
0.80
5.6
And
24
30
6
0.30
4.8
And
44
48
4
0.90
3.2
MRRC26-003
522783
960461
366
168
-54.4
51
111
114
3
0.70
2.4
MRRC26-004
522884
960540
386
150
-53.9
231
65
68
3
0.90
2.4
And
104
107
3
1.30
2.4
MRRC26-005
522554
960795
366
156
-54.6
51
81
85
4
0.70
3.2
MRRC26-006
522594
960826
371
90
-52.2
50
57
61
4
0.40
3.2
MRRC26-007
522629
960853
374
90
-52.7
231
nsr
MRRC26-008
522667
960881
379
152
-54.4
229
93
99
6
0.60
4.8
And
129
135
6
5.60
4.8
MRRC26-009
522356
961085
344
82
-53.8
50
23
28
5
0.30
4.0
And
31
34
3
0.40
2.4
MRRC26-010
522388
961110
344
90
-52.8
231
35
41
6
0.40
4.8
MRRC26-011
522315
961055
343
150
-52.8
50
nsr
MRRC26-012
522428
961140
348
156
-54.0
231
0
3
3
0.90
2.4
And
40
49
9
5.40
7.2
MRRC26-013
522462
961176
350
157
-54.9
231
nsr
MRRC26-014
522504
961210
352
146
-52.5
230
nsr
MRRC26-015
522537
961238
352
102
-54.5
230
nsr
MRRC26-016
522583
961267
349
100
-52.8
230
nsr
MRRC26-017
522031
961596
313
86
-53.4
232
nsr
MRRC26-018
522002
961575
314
80
-54.4
49
nsr
MRRC26-019
521963
961547
317
105
-55.5
49
24
28
4
0.50
3.2
MRRC26-020
522075
961629
310
102
-53.3
231
nsr
MRRC26-021
521611
962175
312
84
-55.0
50
40
45
5
2.00
4.0
MRRC26-022
521639
962199
312
84
-54.9
231
22
25
3
2.30
2.4
MRRC26-023
521682
962230
311
90
-54.0
230
nsr
MRRC26-024
522781
960462
366
50
-52.5
230
nsr
MRRC26-025
522764
960447
365
60
-61.0
232
nsr
MRRC26-026
522746
960435
364
60
-54.8
232
nsr
MRRC26-027
522727
960422
361
106
-53.7
231
nsr
MRRC26-028
522687
960390
356
105
-53.8
230
nsr
MRRC26-029
522643
960355
353
102
-53.5
231
nsr
MRRC26-030
522595
960319
349
106
-54.5
229
nsr
MRRC26-031
522870
960429
368
100
-52.7
11
nsr
MRRC26-032
522878
960480
375
100
-55.0
10
nsr
MRRC26-033
522888
960535
386
100
-53.8
11
nsr
MRRC26-034
522551
960283
345
100
-54.1
232
nsr
MRRC26-035
522549
960282
345
114
-50.7
51
nsr
MRRC26-036
522509
960758
359
78
-53.6
230
nsr
MRRC26-037
522561
960292
346
108
-54.5
51
nsr
MRRC26-038
522467
960726
355
100
-54.4
230
nsr
MRRC26-039
522162
960492
335
120
-54.7
50
nsr
MRRC26-040
522210
960528
339
32
-53.6
230
nsr
MRRC26-041
522247
960558
342
74
-53.7
230
nsr
MRRC26-042
522281
960584
343
105
-53.8
230
nsr
MRRC26-043
522324
960615
346
72
-54.7
230
nsr
MRRC26-044
522365
960650
348
108
-56.3
230
nsr
MRRC26-045
522410
960686
350
100
-52.0
230
nsr
MRRC26-046
522555
960795
366
100
-57.0
230
nsr
MRRC26-047
522707
960916
378
97
-55.0
230
28
32
4
0.50
3.2
MRRC26-048
522755
960953
367
100
-52.6
230
nsr
MRRC26-049
522059
960802
338
102
-55.0
230
nsr
MRRC26-050
522023
960767
335
90
-55.0
230
nsr
MRRC26-051
521982
960737
332
102
-55.0
230
77
82
5
0.40
4.0
And
95
98
3
0.80
2.4
MRRC26-052
523165
960227
378
100
-55.0
230
75
80
5
3.60
4.0
MRRC26-053
523127
960196
374
100
-55.0
230
35
43
8
3.60
6.4
MRRC26-054
523094
960169
371
102
-55.0
230
nsr
MRRC26-055
523056
960139
368
120
-55.0
230
nsr
MRRC26-056
523256
959862
387
100
-55.0
230
nsr
MRRC26-057
523220
959830
382
108
-55.0
230
44
47
3
0.40
2.4
MRRC26-058
523182
959801
378
100
-55.0
230
nsr
MRRC26-059
523142
959771
374
105
-55.0
230
nsr
MRRC26-060
521524
962106
314
108
-55.0
230
nsr
MRRC26-061
521602
962335
316
118
-55.0
230
109
114
5
0.50
4.0
MRRC26-062
521561
962304
317
100
-55.0
230
25
30
5
1.70
4.0
MRRC26-063
521529
962280
317
100
-55.0
230
nsr
MRRC26-064
521485
962246
318
105
-55.0
230
nsr
MRRC26-065
521568
962142
313
102
-55.0
230
nsr
MRRC26-066
521482
962075
313
100
-55.0
230
nsr
MRRC26-067
521434
962039
314
100
-55.0
230
nsr
MRRC26-068
520174
963503
338
110
-55.0
230
nsr
MRRC26-069
520215
963537
336
102
-55.0
230
nsr
MRRC26-070
520367
963654
332
100
-55.0
230
nsr
MRRC26-071
521610
962175
312
100
-55.0
230
nsr
MRRC26-072
520409
963689
331
100
-55.0
230
49
52
3
0.80
2.4
MRRC26-073
520459
963723
331
100
-55.0
230
nsr
MRRC26-074
520320
963615
333
100
-55.0
230
nsr
MRRC26-075
523210
960262
381
100
-55.0
230
96
100
4
0.50
3.2
MRRC26-076
523259
960290
387
102
-55.0
230
13
16
3
0.90
2.4
MRRC26-077
523447
960001
404
100
-55.0
230
nsr
MRRC26-078
523404
959977
397
99
-55.0
230
nsr
MRRC26-079
523506
960031
416
110
-55.0
230
nsr
MRRC26-080
523363
959939
392
104
-55.0
230
nsr
MRRC26-081
523520
959274
392
108
-55.0
230
nsr
MRRC26-082
523482
959249
383
100
-55.0
230
nsr
MRRC26-083
523552
959309
399
102
-55.0
230
93
96
3
5.00
2.4
MRRC26-084
523476
959612
396
102
-55.0
230
nsr
MRRC26-085
521947
960713
330
100
-55.0
230
nsr
MRRC26-086
521912
960862
331
100
-55.0
230
59
63
4
0.60
3.2
MRRC26-087
523517
959642
393
102
-55.0
230
nsr
MRRC26-088
523565
959681
378
102
-55.0
230
nsr
MRRC26-089
523613
959722
374
130
-55.0
230
nsr
MRRC26-090
523316
959896
388
102
-55.0
230
nsr
MRRC26-091
523299
960330
401
105
-55.0
230
nsr
MRRC26-092
523345
960365
417
114
-55.0
230
nsr
MRRC26-093
523387
960400
429
104
-55.0
230
86
89
3
1.00
2.4
MRRC26-094
523665
959755
364
102
-55.0
230
nsr
MRRC26-095
523610
959339
418
100
-55.0
230
nsr
MRRC26-096
523654
959373
423
102
-55.0
230
nsr
MRRC26-097
522247
961366
325
104
-55.0
230
nsr
MRRC26-098
522294
961400
326
102
-55.1
230
85
90
5
2.50
4.0
MRRC26-099
521902
961957
299
102
-55.0
230
nsr
MRRC26-100
521855
961918
300
108
-55.1
230
nsr
MRRC26-101
521812
961880
301
100
-55.0
230
nsr
MRRC26-102
521768
961844
302
100
-55.0
230
nsr
MRRC26-103
522479
961537
327
100
-55.0
230
91
97
6
0.40
4.8
MRRC26-104
522433
961503
329
117
-55.0
230
nsr
MRRC26-105
522386
961468
328
102
-55.0
230
nsr
MRRC26-106
522350
961441
329
100
-55.0
230
nsr
MRRC26-107
522203
961327
328
122
-55.0
230
7
10
3
0.60
2.4
MRRC26-108
522157
961294
328
100
-55.0
230
nsr
MRRC26-109
522890
961059
351
100
-55.0
230
nsr
MRRC26-110
522847
961022
353
104
-55.0
230
nsr
MRRC26-111
522798
960987
359
102
-55.0
230
49
54
5
0.50
4.0
MRRC26-112
522934
960545
393
100
-55.0
230
nsr
MRRC26-113
522980
960587
406
162
-55.0
230
nsr
MRRC26-114
523190
960234
380
183
-55.0
230
106
111
5
0.90
4.0
And
146
149
3
1.00
2.4
MRRC26-115
521941
961985
298
132
-55.0
230
65
72
7
0.80
5.6
And
74
80
6
6.20
4.8
MRRC26-116
522033
962053
297
110
-55.0
230
nsr
MRRC26-117
522634
961301
343
108
-55.0
230
nsr
MRRC26-118
521997
962019
297
100
-55.0
230
nsr
MRRC26-119
522125
961667
314
100
-55.0
230
nsr
MRRC26-120
523031
960618
419
106
-55.0
230
nsr
MRRC26-121
523036
961621
323
100
-55.0
230
nsr
MRRC26-122
522949
961550
322
102
-55.0
230
nsr
MRRC26-123
522997
961585
322
93
-55.0
230
nsr
MRRC26-124
520371
962979
339
150
-55.1
230
nsr
MRRC26-125
520296
962931
343
100
-55.0
230
nsr
MRRC26-126
520052
964055
328
153
-54.7
230
nsr
MRRC26-127
520011
964019
330
100
-55.0
230
nsr
MRRC26-128
522227
961478
321
137
-55.0
230
nsr
MRRC26-129
522187
961440
320
112
-55.0
230
nsr
MRRC26-130
522310
961287
332
112
-55.0
230
nsr
MRRC26-131
522272
961251
333
100
-55.1
230
nsr
MRRC26-132
522866
960654
402
150
-55.0
230
nsr
MRRC26-133
522827
960622
391
133
-55.0
230
nsr
MRRC26-134
522778
960587
375
50
-55.0
230
nsr
MRRC26-135
523048
960261
369
75
-55.0
230
nsr
MRRC26-136
523268
960190
386
200
-54.8
230
nsr
MRRC26-137
521927
961972
299
60
-54.8
230
33
42
9
1.20
7.2
MRRC26-138
523139
960338
379
191
-52.4
228
65
69
4
0.40
3.2
MRRC26-139
523092
960302
375
135
-55.3
230
114
117
3
2.70
2.4
MRRC26-140
523224
960155
379
150
-53.1
229
40
43
3
0.40
2.4
MRRC26-141
521869
962053
302
120
-54.0
232
nsr
MRRC26-142
521907
962085
302
195
-55.0
230
nsr
MRRC26-143
522569
960932
380
120
-55.1
230
50
58
8
3.40
6.4
MRRC26-144
522604
960966
388
141
-54.7
230
nsr
MRRC26-145
521889
962067
302
130
-55.4
230
nsr
MRRC26-146
522034
961923
303
160
-49.9
230
nsr
MRRC26-147
521993
961895
302
60
-49.6
230
nsr
MRRC26-148
521833
962156
280
150
-50.1
230
nsr
MRRC26-149
521795
962125
281
108
-55.2
230
nsr
MRRC26-150
521770
962232
283
140
-49.7
230
nsr
MRRC26-151
521730
962201
283
52
-54.6
230
27
31
4
0.50
3.2
MRRC26-152
521754
962220
288
112
-49.6
230
nsr
MRRC26-153
522090
961848
287
147
-50.1
230
nsr
MRRC26-154
522050
961819
284
54
-54.5
230
nsr
MRRC26-157
522528
960909
351
72
-49.8
230
nsr
MRRC26-155
522161
961780
290
140
-54.6
230
nsr
MRRC26-156
522161
961780
290
62
-54.9
231
nsr
MRRC26-158
522699
960784
350
120
-53.3
230
nsr
MRRC26-159
522575
961063
345
150
-55.0
230
15
18
3
0.51
2.6
MRRC26-160
522732
960810
363
112
-55.0
230
18
21
3
1.79
2.6
MRRC26-161
522576
961114
352
130
-49.5
200
nsr
MRRC26-162
521651
962376
278
150
-55.0
230
results pending
MRRC26-163
521698
962410
289
100
-55.0
230
results pending
MRRC26-164
521446
962612
310
140
-55.0
230
results pending
MRRC26-165
521408
962568
312
80
-55.0
230
results pending