Highlights
Maiden Resource Estimate for
Maiden Resource of 730,000 ounces of gold grading at 1.5g/tAu
Mineralisation at Makosa remains open along strike with further growth potential
New mineralised discovery at the Mansa Prospect located 5km along strike from Makosa
The MRE is classified as Inferred Resources and is constrained within optimised pit shells and comprises 15.3 million tonnes grading 1.5 grammes per tonne ('g/t') gold ('Au') for 730,000 ounces of gold. The Company is also pleased to announce that exploration drilling at the Mansa Prospect, which is located 5km along strike from Makosa, resulted in encouraging drilling intersections including 4 metres ('m') grading 3.11 g/t Au, 5m grading 1.75g/t Au and 2m grading 10.65g/t Au.
The Makosa MRE encompasses the Makosa, Makosa North and Makosa Tail zones, which all remain open along strike and down dip, and are expected to grow with ongoing drilling either along strike or at depth. The MRE provides a foundation for continued resource growth along strike to the north from Makosa North together with the satellite deposits, including the newly discovered Mansa, that are currently being assessed along the 30 kilometre long Makosa gold corridor.
'We are equally excited with the first drilling results from our new greenfield discovery Mansa which is located on the same structure as Makosa. In addition to undertaking definition drilling at Mansa the 5km gap between Makosa North and Mansa will also be targeted in our next drilling program.'
About Thor
Contact:
Email: info@thorexpl.com
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.
(C) 2021 Electronic News Publishing, source