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Thor Explorations says augur drilling program at Segilola project revealed gold values of up to 2 grams per ton

The program delineated a large area of anomalous gold geochemistry just east of the Segilola mineralized structure

Thor Explorations Ltd. -
The results are in line with earlier stream sediment and soil anomalies and further confirmed by rock chip samples and quartz veining

Thor Explorations Ltd (CVE:THX) released new results from its augur drilling program at its Segilola project in Nigeria that highlights gold values of up to 2 grams per ton.

The program delineated a large area of anomalous gold geochemistry just east of the Segilola mineralized structure, the company said Wednesday.

Results include several parallel trends with augur soil geochemistry of up to 1.9 grams per ton (g/t) gold, with stream sediment values of up to 2 g/t gold and rock chip samples of 1.6 g/t gold.

READ: Thor Explorations reveals new drill results of up to 6.8 grams per ton gold from Segilola project in Nigeria

Vancouver-based Thor said that the data suggested that some of the trends are developed over a north-northeast trending zone parallel to the structure that hosts the main Segilola deposit.

The results are in line with earlier stream sediment and soil anomalies and further confirmed by rock chip samples and quartz veining.

Thor CEO Segun Lawson called the results “encouraging,” with good indication of mineralization within 700 metres of the Segilola open pit.

“Drilling commences on these targets next week, as per the previously announced Q3 drilling program, to assess the zones for economic viability. Importantly, the results of the program illustrate the appropriateness of our current exploration approach and the rigour being applied by our exploration team,” Lawson said in a statement.

“I look forward to extending the auger program to the anomalies identified during our regional stream sediment program on our exploration licenses.”

Thor has a comprehensive reverse circulation drilling program planned to test these targets that is scheduled to commence in August.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thor Explorations fully financed through to first gold at its flagship...

Thor Explorations Ltd's (CVE:THX) Segun Lawson updates Proactive's Andrew Scott on developments at its Segilola gold project in Nigeria. He says the majority of the financing's come from the Africa Finance Corporation - including senior debt, equity and a prepayment on a portion of the gold....

on 26/5/20

2 min read