Thor Explorations brings in C$8mln from placing to advance Segilola project in Nigeria and Douta in Senegal
Proceeds will be used mainly to complete DFS (definitive feasibility study) workstreams and further explore the Segilola project
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 eyeing second prospect on Senegal project after new potential discovery
The area lies north-east of the Douta permit and the hole hit four metres true width at 9.2g/t (grams per ton) gold
Thor Explorations beefs up board
Thor holds a 100% interest in the Segilola Gold Project located in the Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal
Thor Explorations hails first drill results from Douta gold project, which confirms its prospectivity
Highlight assays included 9 meters (m) at 1.84 g/t (grams per ton) gold and 3m at 13.2 g/t gold - both from one hole
Thor Explorations' Segilola high grade pit offers strong return on investment
The 100% owned project sits on a 27 sq km exploration licence containing a 17 sq km mining licence
Thor Explorations says Segilola drill campaign continues to deliver excellent results
Today's assays come from definitive feasibility drilling, focused on further defining identified zones of the open pit resource
Thor Explorations says metallurgical test work at Segilola project exceeds expectations
The testing is part of the definitive feasibility study (DFS) for the project, the company said
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Thor Explorations enjoys first mover advantage in Nigeria’s nascent gold mining sector, with a feasibility study for Segilola well underway
Recent drilling results continue to confirm the high grade nature of the orebody
Thor Explorations "extremely encouraged" by first set of drilling results at the Segilola gold project
Segilola is the most advanced gold project in Nigeria,
Thor Explorations builds commanding first-mover advantage in Nigerian gold mining industry
Thor Explorations is blazing a new mining trail in Nigeria