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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

Comment by Sharegar777on Jun 11, 2021 10:11am
80 Views
Post# 33371567

RE:NR or... information ?

RE:NR or... information ?  Goldenboy,

Thanks for sharing that bit of news.

It looks like it is not an official RNS, but if accurate I think it is particularly good overall.

Main thing is we do not need to raise money. If we are slightly late with first Gold pour then we will very quickly catch up and fill our treasury with strong cash flow.

 The 84K production figure seems ok to me.
I think the last time I checked the Thor Website, their indication was an average of 85K/Oz per year.
 I think with further exploration near mine we should see increases in production projections.
There is plenty of room for expansion.
 I think they will like this Company a lot when it lists on Aim.

 GLA DYOR Sharegar.

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