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Thor Explorations ( (TSE:THX) ) just unveiled an update.
Thor Explorations Ltd has announced positive results from its diamond drilling program at the Segilola Gold Mine in Nigeria, revealing high-grade gold mineralization beneath the current open pit. This development aims to extend the mine’s life by upgrading the inferred resource and increasing the underground resource size. The company plans to deepen the open pit to recover additional ounces, supported by an increased exploration budget of $11.5 million. These results are significant for Thor’s operational strategy and could enhance its market position by potentially increasing the life of the Segilola mine.
More about Thor Explorations
Thor Explorations Ltd is a minerals exploration and mining company focused on West Africa. The company is currently producing gold from its wholly owned Segilola Gold Mine in Nigeria and is advancing exploration properties in Senegal and Côte d’Ivoire, including the Douta Gold Project in Senegal.
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