|By Marketwired .||
|February 17, 2014 08:30 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/17/14 -- Thor Explorations Ltd. (Thor) (TSX VENTURE: THX) is pleased to announce 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 Hounde 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 5km of the Makabingui Gold Deposit, held by Bassari Resources, which is adjacent to the Douta Permit.
Thor intend 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, Thor will be in a position to advance exploration at prioritised targets through more advanced exploration techniques.
Gareth Northam, Thor's Technical Director said "We are delighted that our current exploration strategy is paying dividends so early on in the campaign. Competitors have made significant gold discoveries near granitic intrusions into Birimian greenstone belt rocks and our identification of new gold-in-soil anomalies in a similar geological setting continue to support this exploration strategy."
Operational update - Burkina Faso
Thor 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 tonne gold.(1), (2) The locations of these deposits relative to Thor's Central Hounde Project were provided in the news release dated November 6th, 2013, along with the resource grades and tonnages (link: www.thorexpl.com/s/News.asp)
Over 1,300 soil samples were taken at three areas on regional grids spaced 200m x 50m and 400m x 50m 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. The gold anomalies and the tested areas are detailed in the map "initial regional soil sampling at Legue, Central Hounde Project" available on the company's website at the following link: www.thorexpl.com/s/Maps.asp.
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 (see news releases dated November 6th, 2013). To date, three targets have been sampled and results have confirmed and improved the definition of the surface expression of gold mineralisation 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 mineralisation. The exploration team are continuing the exploration programme over these untested areas and are now planning to undertake further infill geochemistry on the newly discovered targets in Legue and Ouere East.
Operational update - Senegal
In Senegal, the exploration team have been focussing on increasing the understanding of known gold-in-soil anomalies which were identified prior to 2013. Seven targets were prioritised for follow up work based on favourable geology and positive geochemical results. A number of the targets occur within a kilometre 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 0.67Moz gold (Source: Bassari company presentation dated 22nd November 2013, see www.bassari.com.au. (2)
Over 1,000 samples have so far been analysed across the seven targets at variable sample spacing appropriate to the targets. The locations of these seven target areas are shown in the accompanying map titled "infill geochemistry at the Douta Project", available on the company's website at the following link: www.thorexpl.com/s/Maps.asp. Results from the current programme have confirmed earlier positive results at all targets tested and help verify the extent and strength of the gold-in-soil anomaly.
A standard approach to soil sampling was taken. Each soil sample consisted of approximately 1 kg of soil, which was collected from approximately 40cm below the ground surface. Samples were bagged and labelled on site and dispatched to the SGS Laboratory in Ouagadougou where samples were prepared by fine crushing and pulverising. Soil samples were analysed by Bulk Leach Extractable gold with an Atomic Absorption finish, with a lower detection limit of 0.001 g/t Au.
The soil programme was used only to guide further exploration and results are not suitable for use in resource modelling. As such, different Quality Assurance / Quality Control (QA/QC) procedures, considered appropriate for this type of sampling were applied. These included the submission of routine blanks and duplicates with internal laboratory standards being used to monitor analytical accuracy. The QAQC results have been reviewed by Dr. Field who is a Qualified Person under National Instrument 43-101.
Note (1): Siou Deposit: Refer to Semafo NI 43-101 Technical Report effective date October 4th 2013, and 55 Zone: Refer to Roxgold NI 43-101 Technical Report effective October 29th, 2013. Both reports can be viewed at www.sedar.com. Note (2) Cautionary statement: competitor resources mentioned in this news release are not necessarily indicative of potential quantities or grades of mineralization on the Company's own properties.
About Thor Explorations Ltd.
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Senegal and Burkina Faso. Thor holds a 70% interest in the Douta Gold Project located in southeastern Senegal. The Douta Gold Project lies within the Kenieba Inlier which hosts significant gold resources and has attracted major international mining companies. Thor also holds an 85% interest in the Bongui and Legue gold permits and 100% interest in the Ouere gold permit located in Hounde greenstone belt, south west Burkina Faso. Thor trades on the TSX Venture Exchange under the symbol "THX".
The scientific and technical information contained in this press release has been reviewed by Dr. Matthew Field, Pr.Sci.Nat, who is a qualified person for the purpose of National Instrument 43-101 and an employee of AMEC who have been engaged by Thor Explorations Ltd. to provide advice on exploration data collection and resource estimation. Dr. Field visited the Central Hounde Project in June 2013. His knowledge of Thor's property has been supplemented by information supplied by Thor for review plus public domain information relating to the adjacent properties referred to in this press release. Dr Edmund Sides of AMEC (also a qualified person for the purposes of National Instrument 43-101) visited the Douta project in Senegal in January 2012. Dr Field also visited the Douta licenses in Senegal in June 2012.
THOR EXPLORATIONS LTD.
Segun Lawson, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Cautionary Note Regarding Forward-Looking Statements
This press release may contain "forward looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, intentions, analysis and opinions of the Company made at the date that such statements are made. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Any forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Shares Outstanding: 93,696,872
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 4, 2016 11:15 AM EST Reads: 867
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Dec. 4, 2016 11:15 AM EST Reads: 2,185
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 4, 2016 11:15 AM EST Reads: 5,722
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 10:45 AM EST Reads: 864
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 4, 2016 09:45 AM EST Reads: 533
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 4, 2016 09:45 AM EST Reads: 860
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 4, 2016 09:30 AM EST Reads: 597
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 4, 2016 09:30 AM EST Reads: 788
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 4, 2016 09:00 AM EST Reads: 564
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 08:45 AM EST Reads: 799
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 08:30 AM EST Reads: 776
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Dec. 4, 2016 08:30 AM EST Reads: 997
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.
Dec. 4, 2016 08:15 AM EST Reads: 716
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 4, 2016 08:15 AM EST Reads: 770
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 4, 2016 08:00 AM EST Reads: 811