Thor Explorations Ltd. is pleased to announce the appointment of Mr Michael Kelly as General Manager at its 100% owned Segilola Gold Project in Nigeria. Michael Kelly is a mining engineer with over thirty years experience and a proven track record in developing mining projects from feasibility though Engineering Procurement and Construction to [...]
Thor Explorations Ltd. announces commencement of a private placement of up to 100,500,000 Common Shares of the Company at a price of $0.20, for aggregate gross proceeds of up to $20,100,000 . The net proceeds of the Offering shall be used primarily for development of the Company's Segilola Gold Project in Nigeria , further exploration in Nigeria [...]
Figure 1: Cross section showing results for SGRC007 Figure 2: Cross section showing results for SGTR001 Figure 3: Geochemical and Drilling Location Plan Figure 4: Regional map showing location of EL28801 and EL28802 in blue Thor Explorations Ltd. is pleased to provide an update on recent exploration and development programs comprising additional [...]
Thor Explorations Ltd. is pleased to announce it has received a commitment from Norinco International Cooperation Limited for 10% financing of the lump-sum turnkey, engineering, procurement and construction contract value awarded to Norinco International for the development of the Company’s 100% owned Segilola Gold Project in Nigeria . This [...]
Thor Explorations Ltd. is pleased to announce it has received investment committee approval from and executed an agreed term sheet with the Africa Finance Corporation for a US$78 million financing package for the construction and ramp-up of its 100% owned Segilola Gold Project in Nigeria . This follows the completion of the Project Definitive [...]
Thor Explorations Ltd. announces that it has filed an independent National Instrument 43-101 Technical Report supporting the Definitive Feasibility Study for the Segilola Gold Project in Nigeria reported in the Company’s news release dated February 4, 2019 entitled “Thor Explorations completes robust Definitive Feasibility Study for the [...]
Thor Explorations Ltd. wishes to announce the grant of 750,000 stock options pursuant to its approved stock option plan to directors of the Company. The options were granted at an exercise price of $0.14 per share for a period of five years and amount to 0.2% of the issued share capital in total. About Thor Thor Explorations Ltd. is a Canadian [...]
Thor Explorations Ltd. is pleased to announce it has signed a Memorandum of Understanding with NORINCO International Cooperation Ltd to enter into an EPC contract on a comprehensive lump sum turnkey basis to build the required plant and associated infrastructure for the Company’s Segilola Gold Project in Nigeria . The scope of the EPC Turnkey [...]
Thor Explorations Ltd. is pleased to announce it has closed its previously announced private placement with Sprott Capital Partners, a division of Sprott Private Wealth LP, as lead agent, which, together with a syndicate of agents , for 44,453,335 units of the Company at a price of $0.18 per unit . Each unit consists of one common share of the [...]
In a release issued today with the same headline, Thor Explorations Ltd. incorrectly stated a figure in the second paragraph. The g/tAu in the first sentence should have been 11.4, not 9.2. The corrected release follows: Douta Permit Location Map Plan View of the Maka Prospect and Drillhole Locations Highlights Near-surface gold mineralisation [...]
Highlights Douta Permit Location Map Plan View of the Maka Prospect and Drillhole Locations Near-surface gold mineralisation intersected in recconnaisance RC drill program 3.2 metres true width at 11.4g/tAu Potential new discovery adjacent to Basari Resources Makabingui Project Thor Explorations Ltd. is pleased to announce it has drilled a [...]