Thor Explorations Ltd. is pleased to announce a final set of encouraging drill results from its in-pit and extensional diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 2021. The diamond core drilling program was designed to target and de-risk the lower portions of the in-pit resource by upgrading those portions currently classified as Inferred Resources in [...]
Thor Explorations Ltd. is pleased to announce that its subsidiary Segilola Resources Operating Limited has completed the financial closing of the previously announced USD54 million project finance senior debt facility from the Africa Finance Corporation for the construction of the Segilola Gold Project in Nigeria. Following the closing SROL received a disbursement of USD21.5 million, representing 40% of the facility. The [...]
Thor Explorations Ltd. is pleased to announce that it has commenced a 10,000 metre reverse circulation Drilling Program at its Douta Project in Senegal. The RC Drilling Program follows a successful auger drilling campaign carried out in May and June which delineated three promising drill targets in the Douta Exploration Permit. Highlights of the Drilling Program Three mineralised targets areas. 10,000 metre contract [...]
Thor Explorations Ltd. is pleased to announce encouraging initial drill results from its infill in-pit diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 2021. The infill diamond core drilling program was designed to target and de-risk the lower portions of the in-pit resource by upgrading those portions currently classified as waste material and inferred [...]
Thor Explorations Ltd. is pleased to announce that concrete has been poured on the Segilola process plant site, construction and procurement are progressing on schedule and on budget with first gold pour expected in Q2 2021. Highlights: First concrete has been poured at the process plant Water Storage Facility is at final height and is starting to fill Detailed design 80% complete Main Camp buildings are at roof level [...]
Thor Explorations Ltd. is pleased to announce initial results from the recent comprehensive auger drilling program carried out on the Segilola Gold Project mining licence. This program has delineated a large area of anomalous gold geochemistry located to the east of the Segilola mineralised structure all within 700 metres of the Segilola open pit deposit. The results align with earlier stream sediment and soil anomalies [...]
Thor Explorations Ltd. is pleased to announce the first set of drill results from its infill diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 next year. The infill diamond core drilling program was designed to provide further verification of the scheduled first three months of plant feed material. Significant intersections include: Drillhole GCD03: 6m [...]
Thor Explorations Ltd. is pleased to announce that further to its news release of July 10, 2020 it has closed the final tranche of its previously announced brokered private placement raising an additional C$1.05 million through the issuance of an additional 6,069,363 common shares. The closing of the second tranche increases the aggregate raised by the Company under the private placement to C$13.55 million through the [...]
Thor Explorations Ltd. refers to the press release made today by Vox Royalty Corp regarding the acquisition of a royalty in the Company’s Segilola Gold Project. Thor would like to clarify that it has not entered into any new royalty agreements. The Company has a prior royalty agreement with RTG Mining which RTG received in consideration for the sale of the Segilola Gold Project in Nigeria to Thor in August 2016 and today [...]
Vox Royalty Corp. is pleased to announce that it has entered into a binding agreement pursuant to which Vox will acquire a royalty on Thor Exploration Limited's construction-stage Segilola Gold Project for consideration of C$900,000 comprised of C$650,000 in cash and C$250,000 in Vox shares . Segilola is in the state of Osun in Nigeria, approximately 120km northeast of Lagos. According to the public disclosure record of [...]
Thor Explorations Ltd. is pleased to announce that it has closed a first tranche in it previously announced brokered private placement raising a total of C$12.5 million through the issuance of 69,479,167 common shares at a price of C$0.18 per share. After the closing of the private placement, the total number of shares outstanding now is 615,126,612. H&P Limited and Paradigm Capital Inc. acted as Joint Lead Agents to the [...]
https://www.youtube.com/watch?v=KAuXy3TvdYY The C-Suite At the Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite At The Open videos visit https://www.tmxmoney.com/en/csuite.html. About Thor Explorations Ltd. [...]
+1800,00 %
-50,00 %
