Thor Announces Results of Exploration Drilling in Burkina Faso and Recommencement of Exploration Fieldwork
2013年11月6日 - 9:00PM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to
announce the results of its initial exploration drilling programme at the
Company's Central Hounde Project (the "Project") in south-west Burkina Faso,
West Africa.
In summary:
1. Thor has completed first pass drilling programmes on five targets at the
Company's Ouere East target area.
2. A total of 16 RC (reverse circulation) drillholes were completed
totalling 1,800m.
3. Gold mineralisation has been confirmed on each of the targets drilled,
with the best results including 2m @ 6.42 g/t Au and 3m @ 1.49 g/t Au
from hole UERC009 and 3m @ 1.27 g/t Au from hole UERC008 with each
target remaining open to further mineralisation along strike and at
depth.
4. Following the end of the rainy season in West Africa, work has restarted
at Ouere East to investigate additional identified targets along the
main structure and at other selected areas across the Central Hounde
Project.
5. Further to this, field work has also restarted at the Company's Douta
Project in Senegal where a number of new targets have been identified
following recent reinterpretation of the existing exploration data.
Thor has completed a preliminary exploration drilling campaign on five targets
within the Ouere East target area (5 km2), which is located in the north of
Thor's Central Hounde Project (474 km2) (see map 1: The Central Hounde Project
at the following link -
http://www.thorexpl.com/i/maps/Central-Hounde-Project-Map1.pdf).
Ouere East is the first of a number of regional target areas which have been
prioritised for follow-up work following early stage exploration (see map 2,
target areas in the Central Hounde Project at the following link -
http://www.thorexpl.com/i/maps/Central-Hounde-Project-Map2.pdf). Ouere East was
prioritised due to a combination of a favourable geological setting and the
presence of significant surface gold mineralisation. Gold mineralisation appears
to be located on an important regional shear zone in a range of orientations
within Birimian metamorphic units and adjacent to tonalite plutons.
Gold mineralisation was identified through the mapping of artisanal mining sites
and the results of a selective rock grab sampling programme during Stage 1
exploration at the Ouere East Area. Stage 1 also succeeded in identifying new
gold mineralisation targets through the results of a soil geochemistry
programme, enabling the generation of drilling targets (Refer to News Release
dated June 24th, 2013).
The June 2013 initial exploration drilling programme consisted of 1,800m of RC
drilling which tested 5 targets at Ouere East with 16 drill holes averaging 115m
drill depth. Gold mineralisation was identified in each of the targets with 8 of
the drill holes returning gold mineralisation over 0.5 g/t Au. The results of
these drill holes are reported in the appendix at the end of this release. Map 3
illustrates the location of the drill holes at the following link -
http://www.thorexpl.com/i/maps/Ouere-East-Target-Map3.pdf.
The results of the drilling programme have allowed Thor to plan subsequent work
at Ouere East to identify and prioritise further drill targets.
Following the end of the rainy season, Thor has now recommenced exploration at
both the Central Hounde Project and the Douta Project in Senegal (577 km2).
Thor's CEO, Segun Lawson commented:
"We are very encouraged by the results of our initial exploration drilling
programme which reinforces our view that the Central Hounde Project is a large
and prospective area of gold mineralisation. The targets tested at Ouere East
are all open along strike and at depth and new fieldwork in the area will
include the generation of new drill targets in the area. We are also optimistic
that further fieldwork in both projects will demonstrate the potential of the
project areas to host significant gold mineralisation."
About the Hounde Greenstone Belt, south-west Burkina Faso
The Hounde belt is host to the Semafo Mana Mine which has been in production
since 2009 and a number of other recent gold discoveries. The recent exploration
discoveries by Semafo, Roxgold and Endeavour have average grades equal to or
over 2.5 g/t Au and have been subject to resource upgrades in early 2013. A
summary of these new discoveries is tabulated below.
----------------------------------------------------------------------------
Company Project Indicated resources Inferred Resources
--------------------------------------------------------
Tonnage Au Grade Metal Tonnage Au Grade Metal
Mt g/t Au Content Mt g/t Au Content
Moz Au Moz Au
----------------------------------------------------------------------------
Semafo Siou 6.7 4.6 1.00
Sector (1)
----------------------------------------------------------------------------
Roxgold 55 Zone, 1.3 15.7 0.68 0.8 8.9 0.22
Yaramoko
(2)
----------------------------------------------------------------------------
Endeavour Hounde (3) 15.8 2.5 1.28 8.0 2.6 0.66
----------------------------------------------------------------------------
Table 1: Competitor resources in the Hounde Greenstone belt, Burkina Faso.
(1) Semafo News Release dated February 21st, 2013, (2) Roxgold Inc. News
Release March 4th, 2013, (3) Endeavour Mining Corporation News Release dated
January 22nd, 2013. Note that Roxgold has applied a 3.0 g/t Au cut-off
grade, and Semafo and Endeavour have applied a 1.0 g/t Au cut-off grade to
the resources stated above.
Cautionary Note: Minerals resources disclosed herein relate to nearby properties
owned by other companies, and the data presented have been extracted from those
respective companies' press releases. A qualified person has been unable to
verify the information regarding any resources within adjacent properties, and
such resources are not necessarily indicative of potential quantities or grades
of mineralization on the Company's own properties.
Thor's Central Hounde Project is located approximately 100km along strike from
the recent discoveries mentioned above, within the same greenstone belt. Thor
commenced work on the Central Hounde Project in 2012 with regional exploration
and reconnaissance trips into specific areas of the permit group. This work
identified the Ouere East zone as the priority area for follow-up exploration.
The Ouere East zone is intersected by the regional north-north-east oriented
structure running along the Hounde belt, and was found to include a number of
artisanal workings over a 5 km by 1 km area.
In late 2012, Thor initiated stage 1 of the exploration of Ouere East that
consisted of selective rock chip sampling and assaying and mapping of the
artisanal workings and regional soil sampling over the area. Stage 1 aimed to
understand the local geology and structure of the area and to confirm gold
mineralisation at the artisanal workings. This was achieved as reported in a
previous press release (dated June 24th, 2013).
Stage 2 of the exploration plan of Ouere East commenced with the initial
exploration drilling as reported in this press release, and further work in this
stage is now underway with the aim of further developing the geological
understanding of the area before further drilling is undertaken.
About the RC Drilling campaign
Drilling results reported here are for downhole intersections and are unlikely
to represent the true width of mineralisation. Targets have been tested with too
few drillholes to sufficiently understand the nature and orientation of
mineralisation on this limited data.
Drill holes were sited to test the depth extensions of artisanal mineralisation
and as such were drilled in a number of orientations. The dip of drill holes
varied from -50 degrees to -60 degrees depending on the specific target.
A total of 1,835m were drilled on 16 targets, with a maximum hole depth of 160m,
and an average of 115m.
Samples consisted of approximately 2.5 kg of representative material riffle
split from 1m drilled intervals. Samples were dispatched to ALS laboratories in
Ouagadougou, Burkina Faso where samples were prepared by fine crushing and
pulverising. Samples were analysed by fire assay of a 50g charge with Atomic
Absorption finish with a lower detection limit of 0.001 g/t Au.
Quality Assurance and Quality Control (QAQC) procedures were in place for the
drilling programme and included the use of certified reference materials, field
duplicates and blank samples. The QAQC programme identified no irregularities in
drilling programme. The QAQC results have been reviewed by Dr. Field who is a
Qualified Person under National Instrument 43-101.
Qualified Person
The scientific and technical information contained in this press release has
been reviewed by Dr. Matthew Field, Pr.Sci.Nat, who is a qualified person for
the purpose of National Instrument 43-101 and an employee of AMEC who have been
engaged by Thor Explorations Ltd. to provide advice on exploration data
collection and resource estimation. Dr. Field visited the Central Hounde Project
during the drilling project in June 2013. His knowledge of Thor's property is
limited to information supplied by Thor for review plus public domain
information relating to the adjacent properties referred to in this press
release.
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the
acquisition, exploration and development of mineral properties located in
Senegal and Burkina Faso. Thor holds a 70% interest in the Douta Gold Project
located in southeastern Senegal. The Douta Gold Project lies within the Kenieba
Inlier which hosts significant gold resources and has attracted major
international mining companies. Thor also holds an 85% interest in the Bongui
and Legue gold permits located in Hounde greenstone belt, and a 100% interest in
the Ouere gold permit in south west Burkina Faso. The three Burkina Faso permits
comprise the Central Hounde Project. Thor trades on the TSX Venture Exchange
under the symbol "THX".
THOR EXPLORATIONS LTD.
Segun Lawson, President & CEO
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.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain "forward looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
the Company made at the date that such statements are made. Forward looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking information. Accordingly, readers should not
place undue reliance on forward-looking information. Any forward-looking
information contained herein is presented for the purposes of assisting
investors in understanding the Company's plans and objectives and may not be
appropriate for other purposes. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
Appendix A: Drilling Results
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interval (m) and
Target Hole ID Azimuth Dip From (m) To (m) grade (g/t Au)
----------------------------------------------------------------------------
Samasano UERC001 270 -55 NSV
UERC002 270 -60 20 21 1m @ 1.10
UERC003 310 -55 28 30 2m @ 1.78
UERC004 310 -60 NSV
UERC005 310 -55 NSV
UERC009 90 -50 32 34 2m @ 6.42
including 32 33 1m @ 11.60
and 70 73 3m @ 1.49
and 74 76 2m @ 1.06
Kourou Li UERC006 90 -60 NSV
UERC007 30 31 1m @ 0.52
and 270 -55 34 36 2m @ 1.17
UERC016 270 -50 NSV
Fitini Li UERC008 270 -50 21 24 3m @ 1.27
Leyba UERC010 270 -50 NSV
UERC011 90 -50 NSV
UERC014 90 -55 50 51 1m @ 0.68
and 52 53 1m @ 0.52
and 75 79 4m @ 0.72
and 103 106 3m @ 0.52
UERC015 130 -50 64 65 1m @ 1.82
and 111 112 1m @ 0.54
Sabo UERC012 360 -50 NSV
UERC013 310 -50 22 23 1m @ 0.96
Table 1: Drill results over 0.5 g/t Au are reported. Composites are reported
with a nominal cut off of 0.3 g/t Au (as internal dilution) where such
intervals occur immediately adjacent to or within the mineralised
composites. Intervals are unlikely to represent true width. Refer to text
for further information. NSV = No Significant Value (i.e. all results less
than 0.5 g/t Au).
Shares Outstanding: 93,696,872
FOR FURTHER INFORMATION PLEASE CONTACT:
Thor Explorations Ltd.
Investor Relations
778-373-0102
604-434-1487 (FAX)
info@thorexpl.com
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