Thor Explorations Ltd

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Thor Explorations Ltd is a West African-focused gold producer listed on both the TSX Venture Exchange (TSX-V:THX) and AIM Market of the London Stock Exchange (AIM:THX). Recently completed, the construction of its 100% owned Segilola Gold Project, located in southwest Nigeria is currently producing gold at a projected rate of 100,000 ounces per year.

Quick Facts

Mining

Industry

Nigeria

Operations Region

Undisclosed

Est. Value

– Segilola contains a high-grade open pit probable reserve of 517,800 oz at 4.02 grams per tonne (“g/t”) within an open pit indicated MRE of 532,000 oz of gold grading at 4.5 g/t, and an underground indicated resource of 76,000 oz of gold grading at 6.1 g/t, with additional significant exploration upside potential.

– The Segilola deposit comprises a system of stacked, steeply-dipping, parallel quartz-pegmatite veins which are characterised by widespread high-grade, sometimes visible, free-milling gold.

-Having successfully built the Segilola Gold Project through the Covid-19 pandemic, The Company is now in production of its flagship project. After a production ramp-up phase in the fourth quarter of 2021

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