Thor Explorations says new drill results from the Makosa North prospect in Senegal extends mineralization further north than expected
Results from the drill holes include 15m at 2.42 g/t gold, including 10m at 3.21 g/t gold, and 8m at 1.69 g/t gold
Company
Thor Explorations Ltd
CVE:THX
Thor Explorations Ltd is a West African focused gold producer. The company's mission is to unlock West Africa's gold potential through responsible exploration and production. It operates Nigeria’s first large-scale commercial gold mine and continue to expand across Senegal and Côte d’Ivoire, building long-term value through growth, discovery, and sustainable development.
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Thor Explorations identifies connecting “Bridge” mineralization at the Douta project
The 1,600-meter program, which targeted a previously untested gap between Makosa to the north and the Makosa Tail, is being called Makosa Bridge
Thor Explorations marks significant achievement with first gold pour at Segilola mine
"The first gold pour at Segilola, our first mine and the first commercial gold mine in Nigeria, is a significant achievement for the company," CEO Segun Lawson said
Thor Explorations expects first gold pour from Segilola mine before end of July
The plant is being made live in stages with the power plant already being commissioned
Thor Explorations starts trading on the AIM market of the London Stock Exchange
The company said its admission to AIM represents another milestone in its development, offering wider access for investors as it progresses through a transformational period in its development
Thor Explorations reveals encouraging initial drill results from recent Makosa discovery on Douta project in Senegal
Drilling confirmed mineralization over 1,000 metres (m) of strike length in a number of parallel lodes, including a 300m high grade zone in a previously untested area
Thor Exploration appoints Osam Iyahen to its board as it looks forward to working with Africa Finance Corp
The finance veteran, who drives deals in the natural resources space, is Africa Finance Corp’s nominee to the board
Thor Explorations ends 2015 earn-in agreement on Central Hounde project in southwestern Burkina Faso
Thor has acquired Barrick Gold's 51% ownership of the project in exchange for a 1% net smelter royalty
Thor Explorations plans to list its shares on London Stock Exchange’s AIM market
Thor expects the AIM listing will increase access to UK and European investors and provide additional liquidity for the company’s shareholders
Thor Explorations reports 28% increase in Segilola's reserve, which will improve project's economics
Notably, the new probable reserve of 517,800 ounces at 4.02 grams per tonne (g/t) is a 28% increase over the DFS in 2019
Thor Explorations eyeing first gold from Nigeria mine in second quarter of this year
The company is advancing its wholly-owned flagship Segilola gold project in Nigeria - the country's first large scale gold mine - towards production
Thor Explorations announces high-grade gold results from its Makosa Tail Prospect in Senegal
Recent drill results from the southern Makosa Tail Prospect included 5 metres of 14.38 grams per tonne gold from a depth of 36 metres
Thor Explorations announces encouraging first set of drill results from northern extensions of the Makosa Discovery at its Douta Project, Senegal
The results received to date confirm the continuation of the Makosa mineralised system along strike to the north
Thor Explorations reports encouraging drill results from Segilola gold project, which augurs well for potential resource boost
The mine is scheduled to pour its first gold in the second quarter of 2021
Thor Explorations draws down initial disbursement of US$54 million facility to fund Segilola construction
The initial disbursement of US$21.5 million represents around 40% of the total debt facility from the Africa Finance Corporation
Thor Explorations commences 10,000-metre reverse circulation drilling program at its Douta project in Senegal
Segun Lawson, Thor Explorations' president & CEO, said: "The Douta project is an extremely important asset for Thor and with significant blue-sky exploration potential"
Thor Explorations eyeing reserve upgrade at Segilola project ahead of first gold pour
The first pour of the yellow metal at the mine is scheduled for the second quarter of 2021
Thor Explorations on track for first gold pour from Segilola in 2021 as it reveals new construction milestones
Construction and procurement is progressing on schedule and on budget, the Vancouver-based company told shareholders
Thor Explorations says augur drilling program at Segilola project revealed gold values of up to 2 grams per ton
The program delineated a large area of anomalous gold geochemistry just east of the Segilola mineralized structure
Thor Explorations reveals new drill results of up to 6.8 grams per ton gold from Segilola project in Nigeria
Thor called the new results “very encouraging” as they have largely shown higher grades than what was estimated in Segilola’s definitive feasibility study