Thor Explorations – Introducing this under the radar near-term gold producer in Nigeria with 10,000meters of exploration starting soon in Senegal
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF) joins me to provide a broad overview of the 3 main projects within Thor Explorations.
We start with the Segilola Project in Nigeria that is well into construction of the mine and is expecting the first gold pour in the next few months. We discuss the economics of the resource and cash flow estimates when in full scale production. Exploration is also planned to help extend the mine life and to find possible satellite deposits to build the production profile.
We then look at the Douta Project in Senegal which is an exploration play with 10,000meters planned this year to follow up on the 10,000meters drilled last year. Finally the Central Houndé Property, in Burkina Faso is a JV with Barrick where Barrick is funding the work up to a Pre-Feasablitily Study for an 80% interest.
Please email me with any follow up questions for Segun regarding any of the growth plans for Thor Explorations. My email address is Fleck@kereport.com.
Click here to visit the Thor Explorations website and read over the Corporate Presentation.
(THX) (THXPF) Thor Explorations’ results reveal ‘more gold that we thought’ at Douta Project, Senegal
Proactive Investors – Feb 10, 2021
“Thor Explorations Ltd’s (CVE:THX) Segun Lawson talks to Proactive London about their latest drilling results from the southern Makosa Tail Prospect at its Douta Project, Senegal. ”
He says the next milestone is a maiden resource in Senegal, in order to benchmark in terms of valuation. This is currently deferred while they continue to drill for the results they expect.
Lawson reminds investors about their operations in at their flagship project in Nigeria, ‘transitioning from an explorer to a producer’.
Off topic:
Monarch drills 9.8 m of 35.87 g/t Au at Beaufor
2021-02-22 10:05 ET – News Release
See News Release (C-GBAR) Monarch Mining Corp
Mr. Vincent Dube-Bourgeois of Goldspot reports
GOLDSPOT DISCOVERIES HELPS MONARCH MINING FIND NEW GOLD-RICH ZONES AT THE BEAUFOR GOLD DEPOSIT USING ARTIFICIAL INTELLIGENCE
Monarch Mining Corp. has successfully intercepted high-grade gold mineralization at Goldspot Discoveries Corp.’s high-priority targets at the Beaufor deposit, Quebec, which includes 35.87 grams per tonne Au over 9.8 metres and 11.02 g/t Au over 5.55 m.