VANCOUVER, British Columbia, March 12, 2018 -- Thor Explorations Ltd. is pleased to announce that is has commenced the drilling of an 8,000 metre RC drilling program on its Douta Project in south-east Senegal. This program follows on from its successful 2017 RC Program which identified a number of wide, near-surface significant intersects on the Makosa Prospect in the Douta Project, notably 10 metres at 8.1g/tAu including [...]
Thor Explorations is pleased to announce that it has commenced Definitive Feasibility Study work and pre-development workstreams at its 100% owned Segilola gold project in Nigeria. The DFS workstreams are targeted towards de-risking and optimising the Project following the completion of the Preliminary Feasibility Study in October 2017. The PFS returned robust economics with an after tax NPV5% of USD138m and IRR of 53 [...]
Thor Explorations announces an extension to the closing time of its proposed non-brokered private placement of common shares originally announced on December 29, 2017. Under the terms of the private placement, the Company proposes to issue up to 25,000,000 common shares at a price of $0.17 per Common Share for gross proceeds of $4,250,000. In accordance with TSXV 4.1 the Placement is due to close on Friday, February 9 [...]
VANCOUVER, British Columbia, Dec. 29, 2017 -- Thor Explorations Ltd. the 100% owner of Nigeria’s premier gold project - the Segilola Gold Project is pleased to announce that the Office of the Nigeria Mining Cadastre has granted, through Thor’s wholly owned subsidiary Segilola Gold Ltd, four new gold exploration licences, located in southwest Nigeria. The new licences, which total 334 square kilometres, are [...]
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES VANCOUVER, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE:THX) (“Thor” or the “Company”) is pleased to announce that it has filed a Preliminary Feasibility Study (“PFS”) prepared in accordance with National Instrument 43-101 ("NI 43-101") on the Segilola Gold [...]
Thor Explorations is pleased to announce positive results for its Independent Preliminary Feasibility Study and maiden Probable Mineral Reserve, prepared pursuant to National Instrument 43-101 for its 100% owned Segilola Gold Project in Nigeria. The Project will be comprised of an open pit mine and will include the construction of a new 500,000 tonnes per annum (“tpa”) processing plant, which consists of a conventional [...]
VANCOUVER, British Columbia, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Figure 1: Regional Location Map showing Existing Resources in the Area Figure 2: Plan ...
Thor Explorations is pleased to announce an updated independent mineral resource estimate following the completion of the current phase of drilling at its 100% owned Segilola Gold Project. Figure 1: Oblique view of the Segilola resource model ...
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2017) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to announce the commencement of a 2,000 metre RC drilling program (the "2017 RC Program") on its Douta Project in south-east Senegal. Thor has previously carried out significant exploration programs on [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2017) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to announce positive interim results from its ongoing "Proof of Concept" diamond drill program at the Segilola Gold Project in Nigeria. Continuity of gold mineralisation in the main footwall lode [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2017) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to announce that it has closed and increased size of its Private Placement. As a result of demand for the private placement announced on May 12, 2017 have been revised. The Company has elected to [...]
The Company is pleased to announce the closing of a first tranche of financing in respect of this private placement as announced on May 12, 2017. The Company issued 12,666,134 Common Shares at a price of $0.15 per Common Share, raising gross proceeds of $1,899,920. The Company also paid finder's fees in respect of the first tranche of $85,496 to a third party finder. The Common Shares issued pursuant to the first tranche [...]
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