Thor Explorations announces acquisition of exploration licences in Senegal

Thor Explorations announces that it has recently completed the acquisition of interests in two licences in southeast Senegal where it is currently advancing the Douta Gold Project to a Preliminary Feasibility stage.

 The Company has acquired an up to 85% interest in the strategically located Douta-West Licence which lies contiguous to the Douta Gold Project and an up to 80% interest in the Sofita Licence located approximately 20 kilometres  south of the Douta Gold Project.

Douta-West Licence in Senegal contains advanced exploration targets and provides immediate additional exploration potential to the Douta Gold Project.

Segun Lawson, President & CEO, stated:

“We are pleased to acquire additional, strategically located, ground in Senegal where we have been successfully operating and advancing the Douta Gold Project for a number of years. We are currently carrying out our preliminary feasibility study workstreams at the Douta Gold Project and look forward to now completing this during Q3 2024 following finalisation of the process flow sheet.

“The acquisition of the Douta-West permit, which has a number of geochemical targets, allows us to potentially add scale to the Douta Gold Project, in particular, extensions to Makosa Tail. We look forward to commencing exploration on this new permit with our existing exploration team and from our exploration camp at Douta”.