Thor Explorations Ltd

Thor Explorations is pleased to be mentioned in an article in African Business Magazine discussing African Finance Corporation’s (AFC) growth strategy and their aim to bridge Africa’s infrastructure deficit by looking for innovative approaches to uncover ‘pockets of liquidity’.    Thor Explorations is named in the context of their recent investment in the Segilola mine alongside other investments on the continent including projects in other countries the Company is operational in, such as the Henri Konan Bedié Bridge in Côte d’Ivoire, the expansion of Ethiopian Airlines, the Kamo-Kakula copper project in DRC.    To read the full piece, click here: https://lnkd.in/eE_pB92i     

Thor Explorations is delighted to be recognized as one of the Top 10 Non-Oil Exporters in Nigeria by the Nigerian Export Promotion Council (NEPC). This award marks the significant precedent that the Segilola Gold mine has set in the country’s mining sector as Nigeria seeks to expand beyond its traditional oil sector.    BusinessDay Nigeria covers the event in full. Read the piece here: https://lnkd.in/e6jwDUpx

Thor Explorations is delighted to be recognized as one of the Top 10 Non-Oil Exporters in Nigeria by the Nigerian Export Promotion Council (NEPC). This award marks the significant precedent that the Segilola Gold mine has set in the country’s mining sector as Nigeria seeks to expand beyond its traditional oil sector.    BusinessDay Nigeria covers the event in full. Read the piece here: https://lnkd.in/e6jwDUpx

🚀 Exciting News! 🚀 We’re thrilled to have Segilola Resources Operating Limited as a Diamond Sponsor at Nigeria Mining Week 2024! Thor Explorations Ltd, listed on the TSX Venture Exchange (TSX-V) and AIM Market of the London Stock Exchange (AIM), is a low-cost gold producer with a growing portfolio of West African mineral assets. From the producing, Segilola Gold Mine, Nigeria’s first commercial gold mine, to the Douta Project in Senegal and the Guitry Project in Côte d’Ivoire, Thor’s assets are diversified across countries and development stages. In Q4 2021, Thor Explorations Ltd completed construction of its fully owned Segilola Gold Mine, which has a DFS base case reserve of 517,800 ounces at 4.2 g/t. The mine produced 98,006 ounces of gold in 2022 and 84,609 ounces in 2023, with a life of mine of 5.5 years. Building on its first-mover advantage in Nigeria, THOR EXPLORATION LTD’s new subsidiary, Newstar Minerals Limited, has secured over 600 km² of tenure in Nigeria for lithium exploration, reinforcing its focus on West African mineral deposits. ✨ Join mining houses like Segilola at Nigeria Mining Week 2024 for a game-changing experience in the mining sector! 📅 18–20 November 2024 📍 Abuja Continental Hotel, Nigeria 👉 Learn more and register here! https://lnkd.in/dANCVcyN #NigeriaMiningWeek #Segilola #MiningEvent #ThorExplorations #GoldMining #LithiumExploration #WestAfrica #Mining

Thor Explorations Ltd is pleased to announce we have received initial positive diamond drilling results from our Segilola gold mine. Significant results received to date include 3.0 metres grading 11.24 grammes per tonne gold from 294m in drillhole SNMDD011 and 1.5m grading 3.22g/tAu from 269m in drillhole SNMDD012. These are the initial results received from the first two holes drilled out of an ongoing 12-hole drilling programme of which five holes have been drilled. Additional drilling results will be published in due course. Segun Lawson, President & CEO, commented: "We are pleased to intersect high-grade gold mineralisation 50 metres below the current pit design. "The initial results have come from the southernmost shoot and the 12-hole programme is designed to test the remaining shoots as a first pass, prior to extending the programme. "The target is to both upgrade parts of the remaining inferred resource and to increase the size overall of the underground resource with the objective of increasing the life of mine at Segilola. We look forward to completing the programme and sharing more results in due course." To read the full announcement to the market, please click below: https://lnkd.in/dmmZKvDg

We were pleased to announce earlier this week Thor Explorations Ltd had announced the acquisition of the Guitry Project and the expansion in Cote d'Ivoire. Segun Lawson, President & CEO stated: "We are pleased to expand our exploration activities into Cote d'Ivoire. As a country, Cote D'Ivoire is a West African gold mining and exploration success story that hosts over 30% of West Africa's greenstone belts and is proving to be an emerging region for world class gold discoveries. We are delighted with our low-cost entry into the mining-friendly jurisdiction and believe these two permits provide an excellent platform from which to grow our activities there." "Guitry, in particular, is an advanced exploration project which is characterised by numerous gold-in-soil geochemical anomalies that have only been partially drill tested by the previous explorers. Some of the drill results include 12m grading at 10.4g/tAu, 16m grading at 7.90g/tAu, 24m grading at 2.02g/tAu and 16m grading at 2.25g/tAu.   "The two major prospects, Krakouadiokro and Gbaloukro, are yet to be fully tested with several additional targets yet to be drilled. We plan on carrying out further exploration work and drilling and we are targeting a maiden resource of between 500,000 - 1,000,000 ounces before the end of next year.   "We are also pleased to enter into an option agreement with Goldridge to earn an up to 80% interest in Boundiali. This comes after significant reconnaissance work in the country for prospective projects that can be easily derisked and advanced through further exploration.   "We look forward to updating our shareholders with our progress in Cote D'Ivoire in due course." To read the full release, please click below: https://lnkd.in/enub_rhS

Thor Explorations today announces the latest set of drilling results from its 2024 drilling programme at the Douta Gold Project, Senegal. The Douta Gold Project encompasses the Makosa gold deposit which currently comprises a total resource of approximately 1.78 million ounces ("Moz") of gold). A reverse circulation ("RC") drilling programme this year has focussed on increasing the percentage of oxide resources with most of the holes being terminated at relatively shallow depths. This phase of the drilling has focussed on Makosa East which runs parallel to the main Makosa mineralised trend, and which is additional to the declared current mineral resource. Additional infill drilling was completed at the Makosa North, Mansa and Maka prospects.   The assay results from the drilling completed to date include the following highlights: ·      Drillhole DTRC1012- 32m at 1.76 g/t Au from 0m ·      Drillhole DTDD995 - 14m at 1.20 g/t Au from 26m ·      Drillhole DTDD1015 - 12m at 1.51 g/t Au from 40m ·      Drillhole DTRC1028 - 8m at 1.90 g/t Au from 16m Read the full announcement here:  https://lnkd.in/e4YdKYvd

We are pleased to share our latest investor presentation and q&a on Investor Meet Company. CEO Segun Lawson provides a company overview, insights into Q2 & H1 2024 financial and operating results, and an outlook for FY 2024. Watch the full presentation and Q&A here: https://lnkd.in/eNmuRks5

With its new Segilola gold mine in Nigeria generating strong cash flows, Thor Explorations Ltd is well placed to grow its footprint in West Africa. As company CEO Segun Lawson recently explained to Arthur Tassell, the company is working hard to extend mine life at Segilola and is also completing a PFS on its highly promising Douta gold project in #Senegal. In addition, it has taken a position in lithium over the last year with the acquisition of lithium-bearing ground in #Nigeria Nigeria Mining Week #MRA20244 https://lnkd.in/dMZQJPMh

Yesterday our CEO Segun Lawson sat down with Zak Mir on Zaks Traders Cafe to discuss the recent announcement of the first set of drilling results from its 2024 drilling programme at the Douta Gold Project, Senegal. Listen to the full episode here: https://lnkd.in/eN9SAtjs