Picture of Thor Explorations logo

THX Thor Explorations News Story

0.000.00%
ca flag iconLast trade - 00:00
Basic MaterialsAdventurousSmall CapSuper Stock

REG - Thor Explorations Ld - DOUTA GOLD PROJECT DRILLING RESULTS

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230831:nRSe8735Ka&default-theme=true

RNS Number : 8735K  Thor Explorations Ltd  31 August 2023

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

 

FOR IMMEDIATE RELEASE
 
TSXV: THX

August 31,
2023

 

Vancouver, British Columbia

 

THOR EXPLORATIONS ANNOUNCES DOUTA GOLD PROJECT DRILLING RESULTS

 

Thor Explorations Ltd. (TSXV/AIM: THX) ("Thor" or the "Company") is pleased to
announce drill-intersections of significant gold mineralisation from the
Makosa gold deposit ("Makosa") and the Sambara prospect at its Douta Gold
Project, Senegal (the "Douta Project").

The Douta Gold Project encompasses the Makosa gold deposit which currently
comprises a total resource of approximately 1.78 million ounces ("Moz") of
gold ("Au") that consists of an Indicated Resource of 20.2 million tonnes
("Mt") grading 1.3 grammes per tonne ("g/t") Au for 874,900 ounces ("oz") Au
together with an Inferred Resource of 24.1 Mt grading 1.2g/t Au for 909,400 oz
Au.

An infill drilling reverse circulation ("RC") drilling program has targeted
the Inferred Resources material within the optimised pit shells with the
objective of converting this material to the Indicated Resource
classification. In addition, a diamond drilling ("DD") program has been
completed within the Makosa and Makosa Tail areas in order obtain samples for
detailed metallurgical test work. Further exploration drilling was also
completed at the Sambara prospect.

The Company is also pleased to announce the discovery of a new prospect,
Makosa East, following the drilling of mineralized intersections.

The assay results from the drilling completed to date include the following
highlights:

·      Makosa Tail: Drillhole DTRC807      3 meters ("m") at
23.35/tAu from 78m

·      Makosa Tail: Drillhole DTDD0021    8m at 8.08/tAu from 36m

·      Makosa Tail: Drillhole DTRC848      13m at 4.59/tAu from 96m

·      Makosa Tail: Drillhole DTRC865      9m at 4.33/tAu from 93m

·      Makosa Tail: Drillhole DTRC842      18m at 1.82/tAu from 25m

·      Makosa: Drillhole DTDD0029           16m at 2.03g/tAu
from 0m

·      Makosa Tail: Drillhole DTRC844      10m at 3.00/tAu from 45m

·      Makosa Tail: Drillhole DTRC812      6m at 4.94/tAu from 50m

Segun Lawson, President & CEO, stated;

"We are pleased to announce further encouraging drilling results from Thor's
Douta Project in Senegal. The main purpose of the drilling has been to advance
the project towards development by upgrading more of the resource to indicated
classification and also to commence detailed metallurgical test work that is
focussed on achieving the most suitable and efficient ore treatment and
extraction process.

"Once all the drilling results are in, we look forward to updating our Mineral
Resource Estimate to form the basis of a preliminary feasibility study.

"We are also pleased to add the new Makosa East prospect to our development
plan. In the coming year we plan to maintain focus on project development in
Senegal to meet our objective of bringing the Company's second gold mine into
production."

Introduction

The Douta Gold Project is located within the Kéniéba inlier, in eastern
Senegal and comprises the northeast trending gold exploration permit, E02038
that covers an area of 58 square kilometres ("km(2)"). Thor, through its
wholly owned subsidiary African Star Resources Incorporated ("African Star"),
has a 70% economic interest in partnership with the permit holder
International Mining Company SARL ("IMC"). IMC has a 30% free carried interest
in its development until the announcement by Thor of a Probable Reserve.

Drilling Strategy

Drilling has been focussed in the following areas:

·      Resource Upgrade:       Makosa and Makosa Tail, Makosa East

·      Metallurgical Sampling:  Makosa and Makosa Tail

·      Exploration:                  Sambara area

 

Resource Upgrade

In April 2023 Thor commenced a program of infill RC drilling with the
objective of upgrading the inferred portions of the resource that fall within
the optimised pit shell, to indicated classification.

At Makosa, zones of gold mineralisation are developed either within a sheared
gabbro intrusive or within a steep north-westerly dipping sequence of
meta-sedimentary rocks that are in close proximity to the gabbro. Higher grade
zones or shoots are suspected to occur along east-west oriented structures
that cut across the main north-east trend of the mineralisation.

The significant intersections from this program are listed in Tables 1 and 2.
Drill samples were analysed by ALS Laboratories in Mali using the AA26 fire
assay method (50-gram charge).

 

 Prospect     Hole ID   Easting  Northing  Depth  Dip  From     (m)      To    (m)     Interval    (m)     Grade (g/tAu)  True Width (m)
 Makosa Tail  DTDD0017  174590   1434805   45.2   -50  32                41            9                   2.38           2.4
 Makosa       DTDD0021  175377   1436071   90.2   -50  36                44            8                   8.08           7.2
 Makosa       DTDD0021  175377   1436071   90.2   -50  55                61            6                   4.03           11.7
 Makosa       DTDD0023  175219   1435902   70.4   -50  58                66            8                   3.14           7.2
 Makosa       DTDD0024  175477   1436151   95.4   -50  64                71            7                   3.77           14.4
 Makosa       DTDD0029  175949   1436665   20     -50  0                 16            16                  2.03           14.4
 Makosa East  DTRC779   175885   1436181   54     -60  39                48            9                   2.46           8.0
 Makosa Tail  DTRC805   173959   1433743   50     -60  36                46            10                  2.25           4.8
 Makosa Tail  DTRC806   173939   1433758   74     -60  52                54            2                   13.90          1.6
 Makosa Tail  DTRC807   173920   1433773   100    -60  78                81            3                   25.35          5.6
 Makosa Tail  DTRC812   174161   1433787   90     -60  50                56            6                   4.94           13.5
 Makosa Tail  DTRC842   174556   1434762   69     -60  25                43            18                  1.82           6.3
 Makosa Tail  DTRC844   174476   1434806   69     -60  45                55            10                  3.00           7.2
 Makosa Tail  DTRC848   174583   1434868   114    -60  96                109           13                  4.59           5.4
 Makosa Tail  DTRC854   174545   1435016   107    -60  61                76            15                  1.79           9.0
 Makosa       DTRC864   176149   1437011   90     -60  49                56            7                   3.90           8.1
 Makosa       DTRC865   176203   1437037   72     -60  93                102           9                   4.33           8.1

 

 

Table 1: Douta Project Significant Results (>20 gram-metres: grade*true
width)

(0.5g/tAu lower cut off; minimum width 2m with 2m max internal waste)

 

 

The drill results demonstrate the continuity of gold mineralisation both along
strike and down dip. Several higher-grade intersections were obtained
including 2m grading 13.90g/tAu in drillhole DTRC806, 3m grading 25.35g/tAu in
DTRC807 and 6m grading 4.94g/tAu in DTRC812 (Figure 2).

In addition to upgrading the resource classification, intersections such as
these could potentially have a positive effect in locally elevating the
average resource grade. The positive impact of the drilling results is
illustrated in Figure 3 which shows a cross section of a line of new holes
including 13m grading 4.59g/tAu in DTRC848.

 

 

 

Figure 1: Douta Project Location Map

 

Metallurgical Sampling

A total of 22 diamond holes were completed to obtain representative samples,
from both Makosa and Makosa Tail to undergo detailed metallurgical test work.
Several of these holes twinned existing historic RC holes and returned results
that are consistent with the earlier grades and thicknesses. Independent
Metallurgical Operations ("IMO") are undertaking the test work program in
Perth, Western Australia.

 

Exploration

At the Sambara prospect several RC holes were drilled to test both the
extremities of the Sambara deposit and a soil geochemical anomaly that was
located in the north-western part of the exploration licence. Best results
include 5m grading 1.35g/tAu in drillhole DTRC726 and 4m grading 1.43g/tAu in
DTRC729 (Table 2). Further testing along the prospective strike length is
planned for the remainder of 2023.

Figure 2: Drillhole location map showing Significant Results
(>20gram-metres)

 

 

Figure 3: Makosa Tail Cross-section Showing Grade Continuity on In-fill
Drill-section

 

 

 Prospect     Hole ID   Easting  Northing  Depth  Dip  From     (m)      To    (m)     Interval    (m)     Grade (g/tAu)  True Width (m)
 Makosa Tail  DTDD0014  174301   1434161   90.3   -50  42                45            3                   0.75           2.40
              DTDD0014                                 64                66            2                   1.48           1.60
 Makosa Tail  DTDD0015  174424   1434498   70     -50  53                63            10                  1.60           9.00
 Makosa Tail  DTDD0016  174618   1434824   25     -50  2                 18            16                  1.20           14.40
 Makosa Tail  DTDD0017  174590   1434805   45.2   -50  32                41            9                   2.38           8.10
 Makosa Tail  DTDD0018  174566   1435077   70     -50  57                70            13                  0.78           11.70
 Makosa       DTDD0019  175184   1435809   50     -50  31                45            14                  1.26           12.60
 Makosa       DTDD0020  175238   1435886   25.1   -50  13                20            7                   0.92           6.30
              DTDD0020                                 27                35            8                   0.91           7.20
 Makosa       DTDD0021  175377   1436071   90.2   -50  36                44            8                   8.08           7.20
              DTDD0021                                 46                52            6                   2.38           4.80
              DTDD0021                                 55                61            6                   4.03           5.40
              DTDD0021                                 63                67            4                   1.71           3.20
              DTDD0021                                 75                82            7                   1.04           6.30
 Makosa       DTDD0022  175513   1436241   110.1  -50  93                102           9                   0.68           8.10
 Makosa       DTDD0023  175219   1435902   70.4   -50  58                66            8                   3.14           7.20
 Makosa       DTDD0024  175477   1436151   95.4   -50  64                71            7                   3.77           6.30
 Makosa       DTDD0025  175509   1436190   40.1   -50  24                28            4                   1.62           3.60
 Makosa       DTDD0026  175784   1436545   110.3  -50  67                69            2                   0.65           1.80
              DTDD0026                                 75                80            5                   1.31           4.00
              DTDD0026                                 87                97            10                  1.55           9.00
              DTDD0026                                 105               108           3                   2.48           2.70
 Makosa       DTDD0027  175712   1436414   70.2   -50  18                20            2                   0.86           1.60
              DTDD0027                                 25                28            3                   2.04           2.40
              DTDD0027                                 31                33            2                   0.54           1.60
              DTDD0027                                 38                42            4                   1.35           3.20
              DTDD0027                                 50                55            5                   2.58           4.00
 Makosa       DTDD0028  175872   1436597   40.2   -50  1                 8             7                   1.08           6.30
              DTDD0028                                 13                16            3                   0.86           2.40
 Makosa       DTDD0029  175949   1436665   20     -50  0                 16            16                  2.03           14.40
 Makosa       DTDD0030  176239   1437134   90.2   -50  67                69            2                   0.66           1.80
              DTDD0030                                 74                84            10                  1.66           8.00
 Makosa       DTDD0031  176265   1437108   60.2   -50  22                39            17                  1.14           15.30
 Makosa       DTDD0032  175320   1436030   160.2  -75  31                37            6                   1.71           4.80
              DTDD0032                                 148               151           3                   1.20           2.40
 Makosa Tail  DTDD0033  174524   1434844   150.5  -60  40                46            6                   1.31           4.80
              DTDD0033                                 54                58            4                   0.64           3.20
 Sambara      DTRC726   188047   1451979   72     -60  42                47            5                   1.35           4.00
              DTRC726                                  67                69            2                   0.61           1.80
 Sambara      DTRC729   188109   1452054   91     -60  16                20            4                   1.43           3.20
 Sambara      DTRC733   188165   1452135   82     -60  63                65            2                   0.58           1.60
              DTRC733                                  71                73            2                   0.99           1.60
 Sambara NW   DTRC742   190203   1457957   66     -50  8                 10            2                   0.71           1.80
 Sambara NW   DTRC744   190140   1458005   66     -50  37                39            2                   1.02           1.60
 Sambara NW   DTRC757   189660   1457364   72     -50  46                48            2                   0.70           1.80
 Sambara NW   DTRC762   189571   1457184   66     -50  48                51            3                   1.16           2.40
 Makosa East  DTRC773   175638   1435898   108         35                40            5                   1.02           4.00
              DTRC773                                  42                44            2                   3.09           1.60
              DTRC773                                  79                85            6                   1.68           5.40
 Makosa East  DTRC774   175620   1435913   130    -60  29                33            4                   1.78           3.20
              DTRC774                                  63                65            2                   0.78           1.60
              DTRC774                                  110               120           10                  1.23           8.00
 Makosa East  DTRC775   175653   1435886   78          17                20            3                   2.86           2.40
              DTRC775                                  23                25            2                   1.39           1.60
              DTRC775                                  30                37            7                   1.03           6.30
              DTRC775                                  53                57            4                   0.54           3.20
 Makosa East  DTRC776   175805   1436033   78     -60  4                 13            9                   1.38           7.20
 Makosa East  DTRC777   175791   1436044   85     -60  24                29            5                   0.65           4.00
              DTRC777                                  36                39            3                   1.51           2.40
              DTRC777                                  68                70            2                   1.28           1.60
              DTRC778   175903   1436166   85     -60  11                21            10                  0.88           8.00
              DTRC778                                  22                28            6                   0.66           4.80
 Makosa East  DTRC778                                  30                32            2                   1.06           1.60
 Makosa East  DTRC779   175885   1436181   54     -60  33                35            2                   1.08           1.60
              DTRC779                                  39                48            9                   2.46           8.10
 Makosa East  DTRC780   175776   1436056   87     -60  55                60            5                   1.10           4.00
 Makosa East  DTRC781   175961   1436248   87     -60  23                27            4                   0.75           3.20
 Makosa East  DTRC782   175942   1436263   58     -60  48                51            3                   0.82           2.40
 Makosa East  DTRC784   175992   1436331   88     -60  23                30            7                   0.77           5.60
 Makosa East  DTRC785   175975   1436347   70     -60  50                57            7                   0.84           5.60
 Makosa East  DTRC786   175956   1436364   90     -60  66                81            15                  0.96           12.00
 Makosa East  DTRC787   175938   1436380   114    -60  88                93            5                   2.06           4.00
              DTRC787                                  101               106           5                   0.53           4.00
              DTRC788   176056   1436411   114    -60  2                 9             7                   0.80           5.60
 Makosa East  DTRC788                                  10                14            4                   0.61           3.20
 Makosa East  DTRC789   176036   1436427   66     -60  30                35            5                   0.97           4.00
 Makosa East  DTRC790   176017   1436442   84     -60  52                55            3                   1.49           2.40
 Makosa East  DTRC791   175986   1436406   93     -60  50                52            2                   4.26           1.60
              DTRC791                                  76                81            5                   1.16           4.00
 Makosa Tail  DTRC792   173864   1433566   36     -60  10                12            2                   0.88           1.60
              DTRC792                                  15                17            2                   1.24           1.60
 Makosa Tail  DTRC794   173840   1433583   66     -60  45                48            3                   0.53           2.40
 Makosa Tail  DTRC796   173871   1433622   54     -60  25                38            13                  1.38           11.70
 Makosa Tail  DTRC797   173909   1433652   64     -60  8                 14            6                   1.05           4.80
 Makosa Tail  DTRC798   173899   1433663   90     -60  30                37            7                   1.12           5.60
 Makosa Tail  DTRC799   173885   1433675   98     -60  53                63            10                  1.34           8.00
 Makosa Tail  DTRC800   173867   1433690   145    -60  95                98            3                   1.01           2.40
              DTRC800                                  102               108           6                   0.63           4.80
              DTRC800                                  109               114           5                   0.65           4.00
 Makosa Tail  DTRC801   173876   1433704   108    -60  93                105           12                  1.20           9.60
 Makosa Tail  DTRC802   173947   1433689   48     -60  6                 11            5                   0.51           4.00
              DTRC802                                  23                25            2                   0.95           1.60
              DTRC802                                  31                37            6                   0.72           4.80
 Makosa Tail  DTRC803   173925   1433705   81     -60  38                43            5                   1.00           4.00
              DTRC803                                  53                57            4                   1.55           3.20
 Makosa Tail  DTRC804   173976   1433725   30     -60  4                 9             5                   1.10           4.00
              DTRC804                                  21                23            2                   1.19           1.60
 Makosa Tail  DTRC805   173959   1433743   50     -60  22                24            2                   3.46           1.60
              DTRC805                                  36                46            10                  2.25           9.00
 Makosa Tail  DTRC806   173939   1433758   74     -60  52                54            2                   13.90          1.60
              DTRC806                                  62                65            3                   0.87           2.40
 Makosa Tail  DTRC807   173920   1433773   100    -60  78                81            3                   25.35          2.40
 Makosa Tail  DTRC808   174004   1433770   36     -60  15                18            3                   0.53           2.40
 Makosa Tail  DTRC809   173990   1433782   42     -60  27                29            2                   0.57           1.60
              DTRC809                                  32                35            3                   0.86           2.40
 Makosa Tail  DTRC812   174161   1433787   90     -60  50                56            6                   4.94           4.80
              DTRC821                                  2                 4             2                   1.12           1.60
 Makosa Tail  DTRC823   174266   1434155   102    -60  60                63            3                   0.65           2.40
 Makosa Tail  DTRC826   174193   1434008   90     -60  63                72            9                   0.87           7.20
 Makosa Tail  DTRC827   174377   1434254   42     -60  8                 11            3                   2.22           2.40
 Makosa Tail  DTRC828   174224   1434377   108    -60  96                102           6                   0.96           4.80
 Makosa Tail  DTRC829   174200   1434397   156    -60  134               136           2                   1.05           1.60
              DTRC829                                  145               152           7                   0.80           5.60
 Makosa Tail  DTRC830   174361   1434326   66     -60  49                51            2                   0.83           1.60
 Makosa Tail  DTRC831   174234   1434413   132    -60  103               108           5                   0.94           4.00
              DTRC831                                  110               117           7                   0.65           5.60
              DTRC831                                  119               125           6                   1.08           4.80
 Makosa Tail  DTRC834   174462   1434571   90     -60  34                37            3                   1.23           2.40
              DTRC834                                  53                55            2                   1.12           1.60
 Makosa Tail  DTRC835   174433   1434585   126    -60  88                90            2                   1.95           1.60
 Makosa Tail  DTRC836   174377   1434616   43     -60  12                19            7                   0.95           5.60
              DTRC836                                  35                39            4                   1.49           3.60
 Makosa Tail  DTRC837   174348   1434629   84     -60  39                41            2                   1.28           1.60
              DTRC837                                  50                62            12                  1.47           9.60
              DTRC837                                  63                65            2                   0.60           1.80
              DTRC837                                  70                72            2                   0.98           1.60
              DTRC837                                  76                80            4                   1.33           3.20
 Makosa Tail  DTRC838   174367   1434705   60     -60  20                22            2                   0.56           1.60
              DTRC838                                  35                37            2                   5.18           1.60
 Makosa Tail  DTRC840   174361   1434746   121    -60  44                49            5                   0.75           4.00
              DTRC840                                  52                63            11                  0.83           9.90
 Makosa Tail  DTRC841   174376   1434768   150    -60  74                76            2                   1.06           1.60
              DTRC841                                  123               126           3                   0.76           2.40
 Makosa Tail  DTRC842   174556   1434762   69     -60  25                43            18                  1.82           14.40
 Makosa Tail  DTRC844   174476   1434806   69     -60  45                55            10                  3.00           8.00
              DTRC844                                  59                63            4                   1.27           3.20
 Makosa Tail  DTRC846   174434   1434825   138    -60  123               127           4                   1.75           3.20
              DTRC846                                  132               134           2                   1.06           1.60
 Makosa Tail  DTRC847   174610   1434854   85     -60  66                73            7                   1.73           5.60
 Makosa Tail  DTRC848   174583   1434868   114    -60  14                17            3                   0.78           2.40
              DTRC848                                  96                109           13                  4.59           11.70
              DTRC848                                  110               113           3                   0.93           2.40
 Makosa Tail  DTRC850   174548   1434889   154    -60  9                 17            8                   2.48           6.40
              DTRC850                                  19                24            5                   2.58           4.00
              DTRC850                                  137               143           6                   0.90           4.80
 Makosa Tail  DTRC851   174500   1434909   105    -60  54                62            8                   2.20           6.40
              DTRC851                                  64                69            5                   1.19           4.50
 Makosa Tail  DTRC852   174471   1434947   120    -60  22                24            2                   0.58           1.60
              DTRC852                                  104               110           6                   2.83           4.80
 Makosa Tail  DTRC853   174571   1435003   90     -60  19                21            2                   0.84           1.60
              DTRC853                                  31                42            11                  1.64           9.90
              DTRC854                                  61                76            15                  1.79           13.50
 Makosa Tail  DTRC854   174545   1435016   107    -60  95                100           5                   1.17           4.00
 Makosa Tail  DTRC855   174518   1435031   144    -60  87                91            4                   1.45           3.20
              DTRC855                                  103               109           6                   1.55           5.40
              DTRC855                                  131               134           3                   2.58           2.40
 Makosa Tail  DTRC856   174586   1434997   72     -60  10                13            3                   0.89           2.40
 Makosa       DTRC857   175262   1436063   171    -60  149               152           3                   1.22           2.40
 Makosa       DTRC858   176081   1436958   102    -60  90                92            2                   1.63           1.60
 Makosa       DTRC859   176126   1436920   40     -60  2                 4             2                   0.84           1.60
              DTRC859                                  22                30            8                   0.76           6.40
 Makosa       DTRC860   176112   1436931   60     -60  26                31            5                   0.61           4.00
 Makosa       DTRC861   176098   1436944   80     -60  68                70            2                   0.87           1.60
              DTRC861                                  74                76            2                   0.68           1.80
 Makosa       DTRC862   176061   1436925   91     -60  57                60            3                   0.83           2.40
              DTRC862                                  77                79            2                   0.59           1.80
 Makosa       DTRC863   176168   1436995   78     -60  25                30            5                   1.03           4.00
              DTRC863                                  41                44            3                   0.63           2.40
              DTRC863                                  46                48            2                   0.77           1.60
 Makosa       DTRC864   176149   1437011   90     -60  49                56            7                   3.90           5.60
              DTRC864                                  57                61            4                   2.30           3.60
              DTRC864                                  69                75            6                   1.31           4.80
 Makosa       DTRC865   176203   1437037   72     -60  93                102           9                   4.33           7.20

 

 

Table 2: Douta Significant Results

(0.5g/tAu lower cut off; minimum width 2m with 2m max internal waste)

 

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

Thor Explorations Ltd. is a Canadian mineral exploration company engaged in
the acquisition, exploration and development of mineral properties located in
Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola
Gold Project located in Osun State of Nigeria. Mining and production commenced
at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project
located in south-eastern Senegal. Thor trades on the TSX Venture Exchange
under the symbol "THX".

 

THOR EXPLORATIONS LTD.

Segun Lawson

President & CEO

 

For further information please contact:

 

Thor Explorations Ltd

Email: info@thorexpl.com (mailto:info@thorexpl.com)

 

Canaccord Genuity (Nominated Adviser & Broker)

Henry Fitzgerald-O'Connor / James Asensio

 

Tel: +44 (0) 20 7523 8000

 

Hannam & Partners (Broker)

Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou

 

Tel: +44 (0) 20 7907 8500

 

Fig House Communications (Investor Relations)

Tel: +1 416 822 6483

Email: investor.relations@thorexpl.com
(mailto:investor.relations@thorexpl.com)

 

Thor Explorations Ltd

Ibu Lawson (Investor Relations)

Tel: +44 7909 825 446

Email: ibu.lawson@thorexpl.com

 

BlytheRay (Financial
PR)

Tim Blythe / Megan Ray / Said Izagaren

Tel: +44 207 138 3203

 

Yellow Jersey PR

Charles Goodwin / Shivantha Thambirajah / Soraya Jackson

Tel: +44 (0)7747 788 221/+44 (0)7983 521 488

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLFBLLXXVLXBBV

Recent news on Thor Explorations

See all news