Modern Mining September 2018
MINING News
Thor drills potential discovery hole
Thor Explorations, listedon theTSX, reports it has drilled a potential discovery hole at a new pros- pect calledMaka South located in thenorth-east of the Douta permit on its Douta gold project in south-east Senegal. The hole was drilled as part of a 1 000 metre reconnaissance reverse circu- lation programme on a number of previously defined drill targets by soil geochemistry in the Maka area of the licence. Drill hole DMRC012 on the Maka South target intersected 4 m true width at 11,4 g/t Au from 18 m downhole. In addition to this result, seven other RC holes intersected anomalous gold mineralisation – including 1 m at 3,59 g/t Au in drill hole DMRC013 – on other targets in the area. These first pass drill results are considered to be significant as they are located adjacent to the nearby Makabingui gold project com- prising total resources of 11,9 Mt at 2,6 g/t Au for a contained 1 Moz Au in an area of the Douta permit that has received very little exploration attention to date. Comments Segun Lawson, Thor’s President and CEO: “A second prospect in the Douta permit further strengthens management’s assessment of the prospectivity of Thor’s Douta permit as a whole. In addition to this, we are still looking forward to receiving the pending results from approximately 4 000 m of RC drilling that were drilled at Makosa prior to the start of the rainy season in July. We will be in a good position to evaluate our options on the Douta permit as a whole following the rainy season.”
Pictured here with core from the project are (from left): Harmen Potgieter; David Nghiyolovali; Jon Andrew, Osino’s Country and Exploration Manager; Nicolaas Izaks; Denis Greson; Petrus Petrus; Efraim Kahitu and Osino’s CEO, Heye Daun (photo: Osino Resources).
Navachab and Otjikoto gold mines. The company, which is listed on the TSX-V, is managed by Heye Daun, CEO and co-founder, and Alan Friedman, President and co-founder, who were also co-found- ers of Auryx Gold. In 2010, Auryx acquired the Otjikoto gold deposit – originally an Avmin discovery – from Teal Mining & Exploration, a joint venture between South Africa’s ARM and Brazil’s Vale. After it expanded the resource and completed a PEA on the project, Auryx was sold to B2Gold in 2011. B2Gold subsequently developed Otjikoto into a highly success- ful gold mine (and only the second in Namibia, after Navachab), which in 2018 is expected to produce between 160 000 and 170 000 ounces of gold.
on exploring the Karibib Gold Trend to the south-west of Twin Hills where it contin- ues a further 30 km towards the Navachab gold mine. The work to be undertaken will include a detailed aeromagnetic survey, geological mapping, soil and calcrete sam- pling followed by RAB drilling. A second round of reverse circulation and core drilling is planned for early 2019, once the remaining Karibib Gold Trend has been explored south-west to Navachab and further drill targets have been identi- fied and ranked. Osino’s Namibian interests comprise 18 exclusive exploration licences located within the central zone of Namibia’s prospective Damara belt, mostly in prox- imity to and along strike of the producing
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