Thor announces further positive drilling results at Nigeria project
Aim- and TSX-V-listed Thor Explorations has announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current Segilola openpit extents at its wholly-owned Segilola gold mine, in Nigeria.
This programme targeted projections of the Segilola orebody below the current openpit design and has been successful in intersecting high-grade mineralisation in the majority of the holes drilled below the pit, president and CEO Segun Lawson highlights.
Previously reported results include 3 m grading 11.24 g/t gold from 294 m in drillhole SNMDD011 and 1.5 m grading 3.22 g/t gold from 269 m in drillhole SNMDD012.
The latest batch of results include 3.5 m grading 4.1 g/t gold in drillhole SNMD016 and 2.4 m grading 3.46 g/t gold in drillhole SNMD014.
“The success of the drilling programme to date has warranted the expansion of the initial 12-hole proof-of-concept drill programme with further holes being designed to continue to explore the along-strike down-plunge trend of the southern portion of the deposit and to test new deeper target areas underneath the pit where relatively little drill-testing has taken place.
“These results have also enabled us to investigate extending the current openpit mine life, prior to an underground mining operation. We will be carrying out optimisation studies incorporating the new drilling results and updated gold price in this regard,” Lawson explains.
He says the plan is to upgrade parts of the remaining inferred resource and to increase the size of the overall underground resource, both with the objective of increasing the Segilola life-of-mine.
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