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
Thor Explorations closes final tranche of previously announced brokered private placement, raising a further C$1.05 million
The closing of the second tranche increases the aggregate total raised by the company under the private placement to C$13.55 million
Thor Explorations closes first tranche of C$12.5 million brokered private placement to fund two projects in Africa
The Vancouver=based company is advancing both its Segilola Gold Project in Nigeria and the prospective Douta Project in Senegal
Thor Explorations to raise up to US$10 million to fund gold operations in Africa
The Vancouver-based company is developing its Segilola gold project in Nigeria and advancing exploration at the prospective Douta Gold Project in Senegal
Thor Explorations fully funded for Segilola construction after closing US$4.25M financing
The company recently signed a landmark deal with the Africa Finance Corporation for a US$54 million senior secured credit facility and a US$21 million gold stream prepayment
Thor Explorations hits key milestone as it becomes fully funded to construct Segilola gold mine
The company signed an agreement with Africa Finance Corporation to fund the remainder of the landmark Nigerian gold project
Thor Explorations adds two prospective land packages near Segilola project in Nigeria
They comprise 344 square kilometres next to Segilola, with 20 kilometres of northern strike extension from the main ore body on the project
Thor Explorations closes C$15.8M financing to advance Segilola gold project towards construction
Segilola is one of the most advanced gold projects in Nigeria
Thor Explorations updates on financing for Segilola and West African projects; receives first US$6mln from offering
Thor boss Segun Lawson said: ""Detailed design work on the Segilola Project is in progress and we are on track to break ground in Q4 this year"
Thor Exploration launches C$20M private placement to bolster West African projects
The offering will consist of 100.5 million shares available at C$0.20 per share, higher than its C$0.16 Friday close
Thor Explorations granted 30 day extension on US$15M placing
The extension date for the private placement aligns with the target final closing date for Africa Finance Corporation’s US$15 million additional equity subscription
Thor Explorations extends closing date for C$20 million private placement
The Vancouver-based junior explorer said that the TSX Venture Exchange had granted a 30-day extension to close the offering
Thor Explorations inks EPC contract with Norinco International, moves closer to realizing Nigeria gold project
The paperwork was finalized May 31 during the International infrastructure Investment and Construction forum in China
Thor Explorations taps veteran engineer Michael Kelly to lead its Segilola gold project
Segilola is considered to be the most advanced gold project in Nigeria
Thor Explorations to raise up to $20 million to bolster projects in Nigeria and Senegal
The company said funds raised would go towards development of the Segilola gold project in Nigeria, further exploration in Nigeria and at Douta Project in Senegal and for general corporate purposes
Thor Explorations granted new exploration licenses as it advances Nigerian strategy
The Vancouver-based company is seeing positive drill results at Segilola, an open pit mineral resource of around 441,000 ounces of gold
Thor Explorations secures additional financing commitment for Segilola project in Nigeria
The move extends Norinco International’s partnership with Thor and highlights its commitment to the Segilola gold project, which is considered the most advanced gold project in Nigeria
Thor Explorations Ltd. hits another milestone in its plans to open up Nigeria to gold mining
Thor has just secured US$54mln in senior debt financing for the development of the Segilola project in Osun state, approximately 120 kilometres north of Lagos
Thor Explorations reaches milestone as it strikes US$78M financing package for Segilola gold project, Nigeria
AFC has a current balance sheet of around US$4.5 billion and is the second-highest investment-grade-rated financial institution in Africa
Thor Explorations in advanced discussions with project financiers as it posts robust DFS for Nigeria gold project
Thor also posted today a preliminary economic assessment (PEA) for a proposed additional underground project
Thor Explorations takes another step towards first gold at Segilola project
The company has inked a memorandum of understanding (MoU) with NORINCO International for an EPC contract
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
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
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Segilola is the most advanced gold project in Nigeria,
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