AMN - NIGERIA: Positive results from Segilola drilling

Thor Explorations has received positive interim results from ongoing 'Proof of Concept' diamond drilling at the Segilola Gold Project in Osun State of Nigeria. Continuity of mineralisation in the main footwall lode continues to be confirmed as drilling proceeds down plunge.

Drilling has also intersected a number of previously unidentified mineralised parallel lodes in the hanging wall, with strong downhole intersections including 4.3 metres at 18.7 g/t gold and 4.4 metres at 15.6 g/t.

The company plans to include these results in an independent updated resource statement with the preliminary economic assessment (PEA), which is being prepared as part of a part of an updated independent NI43-101 report.

Thor's president and CEO Segun Lawson said, "Of our planned 5500 metre diamond drilling program, we have drilled 3200 metres, including three holes pending results.

"The results to date have been highly encouraging, confirming continuity down plunge to the south. The results have also improved our overall understanding of the deposit as well as identifying high-grade hanging wall lodes parallel to the main footwall lode.

"This improved understanding is greatly benefiting our wider exploration program. This includes a new focus on-strike to the north of the Northern Hangingwall Lode, where we have also identified significant geochemical anomalies"

The Proof of Concept drill program was designed to test the projected mineralisation at depth and down plunge beyond the limits of the existing resource.

Segilola is in the crystalline basement complex rocks of southwest Nigeria within one of the main schist belts known as the Ilesha Schist Belt. Canadian-based Thor has 100% of Segilola, has a 70% interest in the Douta Gold Project in Senegal and a 49% interest in the Bongui and Legue gold permits in Burkina Faso.

www.thorexpl.com