Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) said the latest results from underground expansion drilling at its Segilola gold mine in Nigeria had again highlighted the potential to extend the resource both along strike to the south and at depth.
The four holes drilled most recently included best grades of 1.8 metres 39.7 grammes of gold per tonne from 222m down and 3.4m grading 4.8g/t from 74m.
Endeavour Mining PLC's (LSE:EDV, TSX:EDV, OTCQX:EDVMF) rating has been kept at 'buy' at Swiss bank UBS, which sees an inflection point for the gold miner's growth and cash generation approaching.
A FTSE 100 member, Africa-focused Endeavour had its challenges in 2024, notes UBS, especially operationally at Sabodala-Massawa, cash conversion, the departure of its chief executive mid-year and political risk in Burkina Faso.