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thor exploration ltd (THX) Snapshot

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Previous Close
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52 Week High
02/20/14 - C$0.10
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Market Cap
3.1M
Average Volume 10 Days
30.5K
EPS TTM
C$-0.01
Shares Outstanding
101.7M
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thor exploration ltd (THX) Details

Thor Explorations Ltd., a junior natural resources company, engages in the acquisition, exploration, and development of mineral properties in West Africa. The company has a 70% interest in the Douta Gold project located in Southeast Senegal. It also has an 85% interest in the Bongui and Legue gold permits located in Houndé greenstone belt; and a 100% interest in the Ouéré gold permit in Southwest Burkina Faso. Thor Explorations Ltd. was incorporated in 1968 and is based in Vancouver, Canada.

Founded in 1968

thor exploration ltd (THX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$111.3K
Chief Financial Officer and Secretary
Total Annual Compensation: C$9.9K
Chief Operating Officer
Total Annual Compensation: C$111.3K
Compensation as of Fiscal Year 2013.

thor exploration ltd (THX) Key Developments

Thor Explorations Ltd., Annual General Meeting, Oct 08, 2014

Thor Explorations Ltd., Annual General Meeting, Oct 08, 2014., at 10:00 Pacific Standard Time. Location: Erickson Boardroom - Lobby Level,. Agenda: To receive the audited financial statements of the company for the financial year ended December 31, 2013 and the report of the auditors thereon; to appoint auditors for the ensuing year at a remuneration to be fixed by the directors; to fix the number of directors of the company for the ensuing year at four; to elect the directors to hold office until the close of the next annual general meeting of shareholders of the company; and to transact such further or other business as may properly come before the Meeting or any adjournment or postponement thereof.

Thor Explorations Ltd. Announces Discovery of Five Additional Gold in Soil Anomalies

Thor Explorations Ltd. announced the discovery of five additional gold in soil anomalies through an ongoing regional exploration programme at the Legue granite contact in the south of the Central Houndé Project in Burkina Faso. In addition, three gold in soil anomalies previously identified in the Ouere East area of the Central Hounde Project have been confirmed through infill geochemistry. Ongoing exploration at the Douta Project in Senegal has confirmed and better defined the gold in soil anomalies at seven gold targets, which are located close to the Sambarabougou granite in the north of the permit. In Burkina Faso, the most recent results of the ongoing regional soil geochemistry programme have identified five new gold-in-soil anomalies at the contact of the Legue Granite and Birimian greenstone, in the South of the Central Hounde Project. Also at the Central Hounde Project, three gold-in-soil anomalies identified in 2013 near the Poya Granite of the Ouere East area have been confirmed and better defined through an infill soil sampling campaign. In Senegal, recent results covering seven gold targets have confirmed and better defined previous regional work through an infill soil sampling programme. Three of these gold targets are located within 5 km of the Makabingui Gold Deposit, held by Bassari Resources, which is adjacent to the Douta Permit. The company intends to continue exploration at granite contact areas in both projects both to generate further new anomalies in untested ground and to better define existing anomalies. Once complete, the company will be in a position to advance exploration at prioritised targets through more advanced exploration techniques. The company is continuing to focus exploration near the contacts between the Poya and Legue granite plutons and the surrounding Birimian metavolcanics and metasedimentary lithologies. Further to the north of the Hounde greenstone belt, Roxgold and Semafo have made successful discoveries of the 55 Zone and the Siou deposits respectively, both of which occur near the edges of granite plutons. Both of these deposits have disclosed grades above 3 grams per tone gold 1,2. Over 1,300 soil samples were taken at three areas on regional grids spaced 200 m x 50 m and 400 m x 50 m covering three priority areas of the Legue Granite contacts. Initial results from the soil geochemistry programme have identified five new gold-in-soil anomalies in the three areas tested, and also include the identification of an artisanal gold mining site currently being exploited. In addition to this regional soil campaign, Thor has also been undertaking infill geochemistry at known gold-in-soil anomalies previously announced in the Ouere East area, where drilling in 2013 confirmed a number of hard rock gold systems. To date, three targets have been sampled and results have confirmed and improved the definition of the surface expression of gold mineralization in the area. The regional geochemical program has covered approximately 20% of the Legue Granite contact area, with the remaining contact areas also considered prospective for gold mineralization. The exploration team is continuing the exploration programme over these untested areas and is now planning to undertake further infill geochemistry on the newly discovered targets in Legue and Ouere East. In Senegal, the exploration team has been focussing on increasing the understanding of known gold in soil anomalies which were identified prior to 2013. Seven targets were prioritized for follow up work based on favorable geology and positive geochemical results. A number of the targets occur within a kilometer of the Makabingui deposit which is located near the southern contact of the Sambarabougou Granite. The Makabingui gold deposit is being explored by Bassari Resources and hosts an indicated resource of 2.6 Mt at 4.0 g/t for 0.34 Moz gold and an inferred resource of 9.3 Mt at 2.2 g/t for 0.67 Moz gold.

Thor Explorations Ltd. Announces Results of Initial Exploration Drilling Programme at its Central Houndé Project in South-West Burkina Faso, West Africa

Thor Explorations Ltd. announced the results of its initial exploration drilling programme at the Company's Central Houndé Project in south-west Burkina Faso, West Africa. The company has completed first pass drilling programmes on five targets at the company's Ouéré East target area. A total of 16 RC (reverse circulation) drillholes were completed totaling 1,800 m. Gold mineralization has been confirmed on each of the targets drilled, with the best results including 2m at the rate of 6.42 g/t Au and 3m at the rate of 1.49 g/t Au from hole UERC009 and 3m at the rate of 1.27 g/t Au from hole UERC008 with each target remaining open to further mineralisation along strike and at depth. Following the end of the rainy season in West Africa, work has restarted at Ouéré East to investigate additional identified targets along the main structure and at other selected areas across the Central Houndé Project. 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. The company has completed a preliminary exploration drilling campaign on five targets within the Ouéré East target area (5 km), which is located in the north of its Central Houndé Project (474 km). 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 Ouéré 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 The June 2013 initial exploration drilling programme consisted of 1,800m of RC drilling which tested 5 targets at Ouéré 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. The results of the drilling programme have allowed Thor to plan subsequent work at Ouéré East to identify and prioritise further drill targets. Following the end of the rainy season, Thor has now recommenced exploration at both the Central Houndé Project and the Douta Project in Senegal (577 km).

 

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