The Makosa useful resource encompasses the Makosa, Makosa North and Makosa Tail zones, which all stay open alongside strike and down dip, and are anticipated to develop with ongoing drilling.
“The Makosa maiden useful resource estimate is the corporate’s first main milestone on the Douta mission,” Segun Lawson, Thor’s President and CEO, said in a press launch.
“The useful resource is the fruits of the primary spherical of principally wide-spaced exploration drilling performed over a strike size of over 7 km. This supplies for a stable development platform for Thor following the greenfield discoveries of Makosa and Makosa Tail in 2018 and 2020 respectively,” he added.
The corporate is now centered on increasing the useful resource alongside the possible hall that runs alongside the complete 30 km size of its exploration licence. Precedence might be given to extensional drilling at Makosa North, the place the mineralization stays open-ended in direction of the northeast.
Moreover, Thor revealed that exploration drilling on the Mansa prospect, situated 5 km alongside strike from Makosa, resulted in encouraging drilling intersections, together with 4m grading 3.11 g/t Au, 5m grading 1.75 g/t Au and 2m grading 10.65 g/t Au.
Shares of Thor Explorations rose 4.7% by 12:10 p.m. in Toronto, giving the West Africa-focused gold junior a market capitalization of C$203.3 million.