Thor Explorations Ltd. (THXPF)
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Thor Explorations unearthed new gold discoveries - ICYMI
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) earlier this week said it had made a new gold discovery at its Douta West licence in Senegal. The company told investors that it had drilled two new discovery holes in the newly acquired licence area.
Thor Explorations says Osun fact-finding report confirms it complied with obligations
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) told investors that a final report, in relation to its dispute with Nigeria's Osun State Government, has confirmed that it has complied with its legal and regulatory obligations. The report, by an ‘Inter-Ministerial Fact-Finding Committee', also confirmed that allegations of wrongdoing were unfounded, Thor added.
Thor Explorations unearths new gold discovery at Douta project
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has unearthed a new gold discovery, within its Douta-West licence. Initial drilling at the Douta gold project in Senegal – testing the Baraka 3 prospect – returned highlight assays of 2.46 grams per tonne over 19 metres, and 1.31 g/t over 26 metres.
Thor Explorations welcomes new board member
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced the appointment of Franklin Edochie to its board of directors. Edochie is the head of metals and mining at the Africa Finance Corporation.
Thor Explorations starting to get recognition for potential
Gold producers should be doing well with the price of the precious metal within touching distance of its all-time high. Thor Explorations has had some bumps in the road in the past twelve months, but a share price nudging towards its high for the year suggests the Nigerian-based gold miner is back on track and taking full advantage.
Thor Explorations moves into net cash after 'strong' final quarter
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF)said it has moved into a net cash position after what it said was another strong production quarter. Some 24,662 oz of gold was poured from the Segilola gold mine in Nigeria during the fourth quarter of 2024.
Thor Explorations drilling at Segilola highlights expansion potential
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) said the latest results from underground expansion drilling at its Segilola gold mine in Nigeria had again highlighted the potential to extend the resource both along strike to the south and at depth. The four holes drilled most recently included best grades of 1.8 metres 39.7 grammes of gold per tonne from 222m down and 3.4m grading 4.8g/t from 74m.
Thor Explorations boss says more to come after jam-packed twelve months - ICYMI
Segun Lawson, the CEO of TThor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF), talks Proactive through the progress made by the Nigeria-based gold group over the past year Segun Lawson: We've had a very productive year. We should be producing about 85,000 ounces out of our flagship asset in Nigeria, the Segilola gold mine.
Thor Explorations expands program following encouraging drill results from Segilola
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) CEO Segun Lawson talked with Proactive's Stephen Gunnion about the company's latest drill results at the Segilola Gold Mine in Nigeria. Lawson shared that the drilling program has revealed promising signs of high-grade gold mineralisation, extending beyond the current mine plan.
Thor Explorations to expand underground programme at Segilola
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) is expanding its underground drilling programme at Segilola in Nigeria after more high-grade gold indications from exploration beneath the current open pit. The latest drill results include 3.5m grading 4.10g/t gold in drill hole SNMD016 and 2.4m grading 3.46g/t in drill hole SNMD014.
Thor Explorations profits rebound with the gold price
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) profits jumped higher in its latest quarter helped by the record prices for gold recently. Revenues for the quarter to September rose to US$40.2 million (Q3 2023: US$36.6 million) with underlying profits of [EBITDA] of US$27.4 million (Q3 2023: US$10.5 million).
Thor Explorations expecting lower all in costs for year
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has said all-in sustaining costs this year will be lower than initially thought despite challenges over the third quarter, including heavy rain at Segilola. Production costs of an ounce of gold are expected to average between US$800 and US$900 over the full year, the company said on Wednesday.
