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Douta Project, Senegal

The Douta Gold Project is a gold exploration permit that covers an area of 103 km2 and is located within the Kéniéba inlier, eastern Senegal. The permit is an elongate polygon with dimensions of approximately 32km by 3.3km, trending northeast with an area of 103 km2.

Thor, through its wholly owned subsidiary African Star Resources Incorporated (“African Star”), has acquired, 70% of the licence from the permit holder International Mining Company SARL (“IMC”). IMC has a 30% free carry until the announcement by Thor of a Probable reserve after which it will have to contribute or sell its stake to African Star.

Key Highlights Of The Douta Project

  • Located in the Kéniéba Inlier the Main Transcurrent Shear Zone – approximately 5km east of Randgold’s Massawa Project
  • Boundary between two distinct Birimian groups
  • Between Randgold (4.4Moz Au1) to West and Bassari (1 Moz Au) to East
  • Strategic location of land-holding in Kéniéba Inlier
  • Within 30km of Senegal's only operation mine - Sabodala Gold Mine (Teranga)
  • Within 5km of Senegal's largest undeveloped gold resource – 4.4Moz Massawa Deposit (Randgold)

In July 2017, Thor completed a 2,000 metre RC drilling program on the Makosa Prospect in the Douta Project. The RC program successfully identified a number of wide, near-surface significant intersects on the Makosa Prospect in the Douta Project, notably 9.5 metres at 8.1g/tAu including 6.9 metres at 10.9g/tAu.

Highlights of the 2017 Drilling Program

  • Located in the Kéniéba Inlier the Main Transcurrent Shear Zone – approximately 5km east of Randgold’s Massawa Project
  • Boundary between two distinct Birimian groups
  • Between Randgold (4.4Moz Au1) to West and Bassari (1 Moz Au) to East
  • Strategic location of land-holding in Kéniéba Inlier
  • Within 30km of Senegal's only operation mine - Sabodala Gold Mine (Teranga)
  • Within 5km of Senegal's largest undeveloped gold resource – 4.4Moz Massawa Deposit (Randgold)
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