Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us to review the Q1 2023 operations at the Segilola Gold mine, located in Nigeria, and for the ongoing exploration around this Project, and at the Douta Project, located in Senegal.

Segilola gold production for the quarter was  20,629 ounces at an average grade of 2.95 grams per tonne of gold, where he mentioned the mill was still running above capacity and on target. The first quarter was forecast to be a bit lower throughput and grade than the rest of the year to come, due to higher strip ratios, but the mining will be moving into higher-grade areas more in the 3-4 g/t target range for the balance of the year. At Segilola there is also ongoing near-mine exploration at depth, but also regional targets, including the identification of new high grade quartz vein system within 15km of Segilola, with multiple high grade drillhole intercepts including 1m at 310g/tAu which equates to 10 ounces of gold per tonne.

At the Douta Project, there is ongoing metallurgical, geo-technical, and definition drilling underway to feed into the work needed for the Preliminary Economic Assessment (PEA) slated for delivery to the market by year-end. Additionally, there is more step-out drilling and infill drilling at the Makosa deposit, to move resources from inferred to indicated, as well as expansion drilling around 3 key new mineralized satellite discoveries at the Mansa, Maka, and Sambara targets. There will be plenty of exploration news to report for the balance of the year, to expand the recently updated resource of 1.78 million ounces of gold.

If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email me at  shad@kereport.com.

*In full disclosure, Shad is a shareholder of Thor Explorations.

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