Thor Explorations Concludes Initial Drilling Campaign at the Guitry Project in Côte d'Ivoire with Additional Significant Intersections
Thor Explorations Concludes Initial Drilling
Campaign at the Guitry Project in Côte d'Ivoire
with Additional Significant Intersections
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2025) - Thor Explorations Ltd (TSXV: THX)
(AIM: THX) ("
Thor
" or the "
Company
") is pleased to announce its final set of drilling results from its
maiden drilling campaign at its 100% owned Guitry Gold Project ("
Guitry
") in Côte d'Ivoire.
Thor has completed a total of 4,604 metres ("
m
") of reverse circulation ("
RC
") drilling at Guitry with the
objective of gaining better understanding of both the geometry and geological controls on gold
mineralisation.
The additional assay results received to date from this drilling program since August 2025, include the
following highlights:
Drillhole GURC25-246 - 6m at 9.63 grammes per tonne ("
g/t
") of gold ("
Au
") from 89m
Drillhole GURC25-240- 7m at 1.50g/tAu from 72m
Drillhole GURC25-247 - 14m at 1.30g/tAu from 57m
Further exploration activities are planned to advance resource definition and identify new mineralisation.
This includes systematic infill and step-out drilling, testing of untested and partially tested geochemical
anomalies, and generative geochemical surveys.
Segun Lawson, President & CEO, stated
:
"We are pleased to report continued positive drilling results from Cote d'Ivoire, completing a
successful maiden drilling campaign in country. When acquired, the Guitry project featured several
gold-in-soil geochemical anomalies that previous explorers had only partially tested with shallow
drilling.
"This drilling campaign has intersected and confirmed previously untested deeper bedrock
mineralisation, which remains open.
"In the final quarter of the year, once the rainy season is over, we have planned further step-out drilling
programs that will be designed to grow the potential resource inventory at Guitry. In addition to this, we
will be carrying out a permit wide auger drilling campaign to test the previously identified soil
anomalies.
"Cote d'Ivoire is a leading West African gold mining and exploration region, hosting over 30% of the
area's greenstone belts and emerging as a site for world-class gold discoveries. We are excited to be
returning to the field shortly, when we will also be carrying out our maiden drilling campaign on our
Marahui Permit."
Introduction
The Guitry Project was acquired by Thor from Endeavour Mining Corporation ("
Endeavour
") during
2025 for a total consideration of US$100,000 in cash and a 2% Net Smelter Royalty. The Project is
located 220 kilometres ("
km
") due west from Abidjan and covers 295 square kilometres of prospective
Tehini (Birimian) Greenstone Belt comprising a north-easterly trending sequence of greywacke
sediments and volcano-sedimentary schists and andesite with later granitic intrusive located to the north.
The Tehini Greenstone Belt extends northwards into Burkina Faso where it hosts large gold deposits
such as Hounde (5.2 million ounces ("
Moz
")) and Mana (2.3Moz). Early-stage exploration at Guitry
completed by Endeavour Mining includes 7,672 soil samples and over 11,000m of drilling (Figure 1).
Figure 1: Guitry Gold Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/270117_164caa916471db69_002full.jpg
Two main prospects were defined by soil geochemistry: Krakouadiokro and Gbaloukro. A broad gold in
soil anomaly extends over an 8.5km north easterly trending zone with a continuous 5km long anomaly at
Krakouadiokro (Figure 2). Follow-up drilling at Krakouadiokro produced several significant drill
intersections from a relatively small area of drilling. However, insufficient information was obtained
regarding the geometry and extents of the primary gold mineralisation. Mineralisation appears to be
open along strike to the southwest and northeast and down dip at the two main prospects.
Drilling Results
Previous drilling primarily intersected gold mineralisation within a near-surface, flat-lying supergene
horizon. In contrast, only a limited number of drill holes targeted the primary mineralisation at
Krakouadiokro. The current drilling program was developed following a revised interpretation of the
orientation of multiple parallel mineralised lodes.
Since May 2025, Thor completed an initial RC drilling program comprising 4,604m in 41 holes (Figure
3). All holes were oriented at an azimuth of 225
o
at a dip of 55
o
.
Industry standard QAQC protocols were followed, and drill samples were collected, stored and
transported under secured conditions. Drill samples were analysed by SGS Laboratories in
Yamoussoukro using the FAA505 fire assay method (50 gram charge). The significant intersections
from this program are listed in Table 1. All results from this drilling program are listed in Appendix 1.
Figure 2: Guitry Soil Geochemical Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/270117_2c7bf798e45bfbc9_001full.jpg
The current drilling area is on the crest of a laterite-capped hill overlying a northeast-striking sequence of
pelitic sedimentary (greywacke) rocks. These rocks are strongly weathered to about 30m from the
surface before transitioning into fresh bedrock. Primary gold mineralisation occurs within moderately to
steep north-dipping zones in the southwest part of the drilling area. Towards the northeast, the
mineralised zones appear sub-vertical (Figure 4).
Hole ID
Easting
Northing
RL
Depth
Dip
Azi-
muth
From
(m)
To
(m)
Interval
(m)
Grade
(g/tAu)
True
Width (m)
GURC25-240
240471
605268
233
107
-55
225
72
79
7.0
1.50
4.2
GURC25-246
240553
605279
242
126
-55
225
89
95
6.0
9.63
3.6
GURC25-247
240523
605181
227
108
-55
225
57
71
14.0
1.30
8.4
Table 1: Guitry Gold Project Significant Drilling Intersections
(>3 gram-metres, 0.3g/tAu cut off, Minimum Interval 3m, Maximum Internal Waste 3m)
Numerous high grades have been intersected in the primary zone over a 400m by 300m area. In the
Southern Zone, intersections that were reported previously such as 7m at 7.71g/tAu in GURC25-227 and
5m at 12.65g/tAu in GURC25-228 indicate that grades appear to increase at depth with most of the
grades exceeding 5g/tAu being located in the fresh bedrock (Figure 4). In the current batch of results
14m grading 1.3/tAu from 57m was intersected in drillhole GURC25-247 in the previously untested
Southern Zone (Figure 3,4). In the Central Zone, further encouraging results include 6m grading
9.63g/tAu from 89m in drillhole GURC25-246.
The results to date suggest a steep, dipping, parallel lode array.
Figure 3: Guitry Drillhole Location Map Showing Results Above 5 Gram-Metres.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/270117_164caa916471db69_005full.jpg
Next Steps
At the Krakouadiokro Prospect, further systematic resource drilling is warranted. This drilling would
comprise both infill and step-out drilling.
Drilling of the numerous geochemical anomalies at the both the Krakouadiokro and Gbaloukro
Prospects that have, to date, been either untested or partially tested.
Generative geochemical surveys along the north-east and to the south-west strike extents of the
Krakouadiokro and Gbaloukro Prospects. These areas, which total approximately 10km of
prospective strike, have either been partially sampled on 800m spaced lines or not sampled at all.
Figure 4: Guitry Cross Sections Showing Apparent Dip of the Mineralised Lodes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7003/270117_164caa916471db69_006full.jpg
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.
Commercial Terms
Further details can be found on the Company's website:
www.thorexpl.com
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 Cote 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 Cote D'Ivoire
-
additional exploration tenure in Nigeria, Senegal and Cote d'Ivoire comprising of 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
Info: Email:
Investor Relations: Email:
Canaccord Genuity (Nominated Adviser & Broker)
Henry Fitzgerald-O'Connor / James Asensio / Harry Rees
Tel: +44 (0) 20 7523 8000
Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou
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
Appendix 1
Guitry Drilling Results
(>3 gram-metres, 0.3g/tAu cut off, Minimum Interval 3m, Maximum Internal Waste 3m)
Hole ID
Easting
Northing
RL
Depth
Dip
Azimuth
From
(m)
To
(m)
Interval
(m)
Grade
(g/tAu)
True
Width (m)
Reported
Previously
GURC25-
208
240488
605214
224
78
-55
225
0
14
14.0
2.59
11.9
yes
GURC25-
209
240509
605235
233
96
-55
225
38
42
4.0
6.87
3.4
yes
GURC25-
210
240354
605221
211
72
-55
226
0
10
10.0
0.62
8.5
yes
GURC25-
210
46
57
11.0
1.07
9.4
yes
GURC25-
210
59
64
5.0
0.64
4.3
yes
GURC25-
211
240375
605242
218
102
-55
225
0
7
7.0
0.61
6.0
yes
GURC25-
211
67
73
6.0
0.35
5.1
yes
GURC25-
211
81
90
9.0
1.34
7.7
yes
GURC25-
212
240467
605405
243
72
-55
226
2
10
8.0
0.70
6.8
yes
GURC25-
212
25
30
5.0
7.48
4.3
yes
GURC25-
212
64
69
5.0
0.32
4.3
yes
GURC25-
213
240488
605426
242
96
-55
225
nsr
0.0
yes
GURC25-
214
240603
605396
240
78
-54
225
57
67
10.0
10.36
8.5
yes
GURC25-
215
240619
605418
252
102
-54
225
70
75
5.0
3.21
4.3
yes
GURC25-
216
240640
605358
252
66
-56
226
45
52
7.0
3.93
6.0
yes
GURC25-
216
57
62
5.0
0.37
4.3
yes
GURC25-
217
240654
605382
237
60
-55
225
3
8
5.0
1.05
4.3
yes
GURC25-
218
240657
605374
264
138
-55
225
5
15
10.0
0.54
8.5
yes
GURC25-
219
240581
605458
245
150
-55
225
10
20
10.0
0.97
8.5
yes
GURC25-
219
82
85
3.0
14.50
2.6
yes
GURC25-
220
240524
605393
259
108
-55
225
2
10
8.0
0.35
6.8
yes
GURC25-
220
60
64
4.0
1.65
3.4
yes
GURC25-
220
86
94
8.0
0.72
6.8
yes
GURC25-
221
240500
605382
241
84
-55
225
0
4
4.0
0.50
3.4
yes
GURC25-
221
77
84
7.0
7.11
6.0
yes
GURC25-
222
240439
605440
245
114
-55
225
3
8
5.0
2.38
4.3
yes
GURC25-
222
66
69
3.0
2.50
2.6
yes
GURC25-
223
240449
605455
239
132
-55
225
11
14
3.0
0.93
2.6
yes
GURC25-
223
43
50
7.0
0.43
6.0
yes
GURC25-
223
87
92
5.0
3.17
4.3
yes
GURC25-
224
240676
605401
245
108
-55
225
5
9
4.0
0.40
3.4
yes
GURC25-
224
80
82
2.0
16.90
1.7
yes
GURC25-
224
98
97
2.0
3.12
1.7
yes
GURC25-
225
240690
605347
237
120
-55
225
7
12
5.0
0.57
4.4
yes
GURC25-
226
240674
605333
251
108
-55
225
nsr
yes
GURC25-
227
240397
605263
233
144
-55
225
0
6
6.0
0.83
5.1
yes
GURC25-
227
114
127
13.0
3.46
11.0
yes
GURC25-
228
240528
605258
256
108
-55
225
0
6
6.0
0.39
5.1
yes
GURC25-
228
69
74
5.0
12.65
4.3
yes
GURC25-
229
240496
605289
244
114
-55
230
0
17
17.0
2.16
16.0
yes
GURC25-
229
85
87
2.0
2.24
1.9
yes
GURC25-
229
93
95
2.0
1.66
1.9
yes
GURC25-
230
240573
605381
250
156
-55
230
7
10
3.0
0.42
2.9
yes
GURC25-
230
34
38
4.0
2.47
3.8
yes
GURC25-
230
42
46
4.0
2.44
3.8
yes
GURC25-
230
54
59
5.0
0.53
4.8
yes
GURC25-
231
240565
605358
251
160
-55
230
2
9
7.0
0.31
6.6
yes
GURC25-
231
24
29
5.0
1.91
4.7
yes
GURC25-
231
143
149
6.0
3.13
5.5
yes
GURC25-
232
240599
605321
252
144
-55
230
12
14
2.0
0.69
1.9
yes
GURC25-
232
114
122
8.0
14.54
7.5
yes
GURC25-
233
240614
605341
252
120
-55
230
28
30
2.0
5.97
1.9
yes
GURC25-
233
78
80
2.0
0.42
1.9
yes
GURC25-
233
115
122
7.0
5.31
6.5
yes
GURC25-
234
240647
605433
243
150
-55
230
25
27
2.0
0.41
1.9
yes
GURC25-
234
81
85
4.0
10.68
3.7
yes
GURC25-
234
106
108
2.0
1.74
1.9
yes
GURC25-
235
240443
605385
243
144
-55
230
1
6
5.0
0.57
4.7
yes
GURC25-
235
11
16
5.0
1.16
4.7
yes
GURC25-
235
105
108
3.0
0.68
2.8
yes
GURC25-
236
240460
605327
238
132
-55
230
0
5
5.0
0.61
4.7
yes
GURC25-
236
31
35
4.0
0.34
3.8
yes
GURC25-
237
240478
605348
245
126
-55
230
2
4
2.0
0.39
1.9
yes
GURC25-
237
38
40
2.0
1.68
1.9
yes
GURC25-
238
240511
605449
239
90
-55
230
7
14
7.0
0.47
6.6
yes
GURC25-
238
51
53
2.0
0.89
1.9
yes
GURC25-
239
240471
605483
238
156
-55
225
nsr
no
GURC25-
240
240471
605268
233
107
-55
225
0
13
13.0
0.44
12.2
no
GURC25-
240
62
68
6.0
0.54
5.6
no
GURC25-
240
72
79
7.0
1.50
6.5
no
GURC25-
241
240451
605251
228
126
-55
225
0
4
4.0
0.57
3.7
no
GURC25-
242
240426
605361
236
102
-55
225
4
9
5.0
0.84
4.7
no
GURC25-
242
90
94
4.0
0.63
3.7
no
GURC25-
243
240405
605344
232
108
-55
225
0
8
8.0
0.86
7.5
no
GURC25-
243
16
18
2.0
0.54
1.9
no
GURC25-
243
52
56
4.0
0.95
3.8
no