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Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

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

Post by Goldenboy1180on Jun 09, 2021 12:14pm
140 Views
Post# 33355377

NR or... information ?

NR or... information ? Hi everyone, 

Have you seen that information below released this morning ?

I find it exciting for the London's AIM, but quite questionnable on the fact that THOR could postpone its production to the third quarter (does it include pourring of the first gold bar ?) and that its annual production would be 84k ounces of Gold instead of 100k ounces of Gold. 

Looking to hear from you fellow investors !

Best Regards, 

Goldenboy

DJ Thor Explorations to Float on London's AIM; Trading Expected to Start June 22

 

By Ian Walker

 

Thor Explorations Ltd. said Wednesday that it is seeking a listing on London's junior AIM, but not planning to raise any new funds.

The West-Africa-focused miner, which is already listed on the Toronto Stock Exchange, said in March that it was planning to float in London. Trading is expected to start on June 22.

The company's main asset is the Segilola project in Nigeria, which is currently under construction and expected to start production in the third quarter.

The project has reserves of 517,800 ounces of gold and is forecast to produce an average of 84,000 ounces a year over an initial six year mine life.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

June 09, 2021 03:55 ET (07:55 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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