Thor Explorations Ltd V.THX

Alternate Symbol(s): THXPF

Metals & Mining Gold

Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Company also owns approximately 85% interest in the Douta-West Licence which lies contiguous to the Douta Gold Project and over 80% interest in the Sofita Licence located approximately 20 kilometers (kms) south of the Douta Gold Project.

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Thor Explorations Ltd > the discovery of thor is 5km away from Teranga newest mine !

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Post by austrochrison Nov 07, 2020 1:55am

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Post# 31856842

the discovery of thor is 5km away from Teranga newest mine !

The huge discovery of Thor is in the front yard of teranga .
Would not be surprised , if Thor will also find 4,4 Million ounces near teranga .
Massava has all in all costs of under 700 Dollar .
Thor is in a very good position .
Douta could be the second minecomplex of thor . The mine in nigeria is almost ready and will come online 2021 . With all in all costs at 660 Dollar , thor will have enough cash to built up a minecomplex in nigeria and beside in senegal . In the first year thor will produce about 110 000 ounces - means free cash at 1900 Dollar - over 120 Million Dollar / year .
Cheers .

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