Highlights: Figure 1: Final Open Pit Mine Design with Preliminary Underground Design Figure 3: Discount Rate Sensitivity Figure 4: Preliminary Underground Design Figure 5: Proposed Site Infrastructure Layout Figure 6: Gram-metres Longitudinal Sections for Lodes 100 and 200 showing mineralised trends external to PEA underground resource Segilola Open Pit Project: Post-tax NPV5% $138m, 50% IRR and Payback in under 1.4 years [...]
Thor Explorations Ltd. wishes to announce the grant of 750,000 stock options pursuant to its approved stock option plan to directors of the Company. The options were granted at an exercise price of $0.14 per share for a period of five years and amount to 0.2% of the issued share capital in total. About Thor Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and [...]
Thor Explorations Ltd. is pleased to announce it has signed a Memorandum of Understanding with NORINCO International Cooperation Ltd to enter into an EPC contract on a comprehensive lump sum turnkey basis to build the required plant and associated infrastructure for the Company’s Segilola Gold Project in Nigeria . The scope of the EPC Turnkey Contract covers the design, engineering, procurement, site preparation [...]
Thor Explorations Ltd. is pleased to announce it has closed its previously announced private placement with Sprott Capital Partners, a division of Sprott Private Wealth LP, as lead agent, which, together with a syndicate of agents , for 44,453,335 units of the Company at a price of $0.18 per unit . Each unit consists of one common share of the Company and one common share purchase warrant . Each Warrant entitles the [...]
In a release issued today with the same headline, Thor Explorations Ltd. incorrectly stated a figure in the second paragraph. The g/tAu in the first sentence should have been 11.4, not 9.2. The corrected release follows: Douta Permit Location Map Plan View of the Maka Prospect and Drillhole Locations Highlights Near-surface gold mineralisation intersected in reconnaissance RC drill program 3.2 metres true width at [...]
Highlights Douta Permit Location Map Plan View of the Maka Prospect and Drillhole Locations Near-surface gold mineralisation intersected in recconnaisance RC drill program 3.2 metres true width at 11.4g/tAu Potential new discovery adjacent to Basari Resources Makabingui Project Thor Explorations Ltd. is pleased to announce it has drilled a potential discovery hole at a new prospect called Maka South located in the north [...]
British Columbia, Aug. 06, 2018 -- Thor Explorations Ltd. is pleased to announce the appointment of Adrian Coates as Non-Executive Chairman with immediate effect. Adrian joined the Company’s board as a Non-executive Director in December 2016 and has been Chairman of the Company’s audit committee since February 2017. The Company is also pleased to announce that it has strengthened its board by the addition of [...]
British Columbia, Aug. 02, 2018 -- Thor Explorations Ltd. is pleased to announce that it has entered into an agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP, as lead agent, which, together with a syndicate of agents , will market, on a commercially reasonable private placement basis, up to 55,555,556 units of the Company at a price of $0.18, for aggregate gross proceeds of up to $10,000,000 [...]
Figure 1: Mineralised envelopes defined by drilling Figure 2: Plan view of the Makosa Prospect with significant intersections from the 2018 RC Program Figure 3: Regional Location Map showing Existing Resources in the Area Figure 4: Cross Section 1 Figure 5: Mineralised zones in Makosa South with conceptual pit design Figure 6: Thor Douta Project – Located in a Local Gold Endowed Environment VANCOUVER, British [...]
Composite longitudinal section of the footwall and 1st hangwall lodes showing gram-metre contours and drill intercepts Plan view of 2018 Core Drilling Program with Tabled Results Southern Mapping survey aircraft at Lagos International Airport VANCOUVER, British Columbia, May 30, 2018 -- Thor Explorations Ltd. is pleased to announce further encouraging results from its diamond core drilling program on its 100% owned [...]
Processing of the master composite sample in the IMO laboratory, Perth Part of the gold tail generated from 15kg master composite sample Gold Test Work Results for the Segilola Gold Project Gold Kinetic Leach Curves Recovery vs Grind Size Cyanide Consumption vs Grind Size VANCOUVER, British Columbia, May 18, 2018 -- Thor Explorations Ltd. is pleased to provide an update following excellent preliminary results from its [...]
Plan view of 2018 Core Drilling Program with Selected Results Composite longitudinal section of the footwall and 1st hangwall lodes showing gram-metre contours and future drill targets Cross section showing continuity of gold grades around drillhole SGD173 SGD188 – Visible gold in core intersection VANCOUVER, British Columbia, April 25, 2018 -- Thor Explorations Ltd. is pleased to pleased to announce very [...]
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