Announcement Date: 2023-02-27
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Thor Explorations Ltd.
Project name: Segilola
Location: Nigeria
Commodities: Gold
Highlight: Drilling results incl. 2m at 227g/t Au from 80m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Thor Explorations Ltd. (TSXV / AIM: THX) (“Thor” or the “Company”) is pleased to announce the initial drilling results from a reconnaissance drilling program that is currently underway at the Company’s Western Prospects that are located approximately 15km to the west of the Company’s wholly owned Segilola Gold Mine in Nigeria. Thor, is a West African focussed minerals exploration, development and mining company. In Nigeria, the Company recently brought the Segilola Gold Mine into operation, producing 98,008 ounces of gold in 2022, its first calendar year of operation and is actively progressing gold exploration and assessing other high-value mineral resource opportunities in the country. The Company is also advancing the Douta Gold Project in Senegal which currently comprises an Inferred Resource of 730,000 ounces of gold, grading at 1.53 grammes / ton (g/t).
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