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

September 2018  MODERN MINING  9