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 > Segilola Gold Mine Q1 Operational Update TSXV: THX

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Comment by snowshoedbon Apr 12, 2022 11:51am

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Post# 34597169

RE:RE:Segilola Gold Mine Q1 Operational Update TSXV: THX

While I still see this is a risk on company due to its location (Nigeria, Senegal, Burkina Faso). The ounces produced and the high grade for an open pit mine make the risk worth taking. I am very happy to see the ounces produced and recoveries increasing. I continue to accumuate when opportunity presents itself. Looking forward to seeing the financials for a confirmation that this company is the cash machine I believe it can be. My current concern is the supply chain for materials required on site.

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