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.

TSXV:THX - Post by User

Thor Explorations Ltd > bungle in the jungle

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Comment by ABDPhilon Dec 21, 2021 9:56am

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Post# 34250063

RE:RE:RE:RE:RE:RE:bungle in the jungle

@Tree2tree: 99.99% de-risked, my god! I remind you that the factory may have started, but it is not working as expected. Its current production capacity is not profitable. For the moment, no diagnosis has been made and the more time passes, the more it smells bad.

If additional investment is required and a new component needs to be added to the mineral processing process, a temporary plant shutdown is often the cheapest solution. The problem is with time because THX has financial obligations to its creditors.

It might not be the time to leave the boat, but it is certainly not the time to get in ...

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Explorer's gold standard team presents a ground floor opportunity