Bullboard - Stock Discussion Forum 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.... see more

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Thor Explorations Ltd > Here is the best part

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Post by Tree2tree on Feb 07, 2022 7:20am

Here is the best part

"Segilola Gold Mine
The Company is also pleased to report that operations at its 100% owned Segilola Gold Mine in Nigeria continued to perform at budget and design capacity without any unplanned stoppages during January. Total gold production for the month, was 7,041 ounces with regular gold exports occurring without any issues.

The Segilola process plant is now running continuously above the design mill throughput, with 75,714 tonnes of ore processed during the month (a 19.2% increase on December) at approximately 3g/t. The gravity circuit also outperformed its design specification, with a recovery of over 60%. The overall gold recovery during January was 93%. As previously disclosed, the Company anticipates producing 20,000 to 22,000 ounces ("oz") during Q1 2022 and full year production for 2022 of 80,000 to 100,000 oz."

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