Thor Explorations Ltd. is pleased to announce that its subsidiary Segilola Resources Operating Limited has completed the financial closing of the previously announced USD54 million project finance senior debt facility from the Africa Finance Corporation for the construction of the Segilola Gold Project in Nigeria. Following the closing SROL [...]
Thor Explorations Ltd. is pleased to announce that it has commenced a 10,000 metre reverse circulation Drilling Program at its Douta Project in Senegal. The RC Drilling Program follows a successful auger drilling campaign carried out in May and June which delineated three promising drill targets in the Douta Exploration Permit. Highlights of the [...]
Thor Explorations Ltd. is pleased to announce encouraging initial drill results from its infill in-pit diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 2021. The infill diamond core drilling program was designed to target and de-risk the lower portions of the in-pit resource by [...]
Thor Explorations Ltd. is pleased to announce that concrete has been poured on the Segilola process plant site, construction and procurement are progressing on schedule and on budget with first gold pour expected in Q2 2021. Highlights: First concrete has been poured at the process plant Water Storage Facility is at final height and is starting to [...]
Thor Explorations Ltd. is pleased to announce initial results from the recent comprehensive auger drilling program carried out on the Segilola Gold Project mining licence. This program has delineated a large area of anomalous gold geochemistry located to the east of the Segilola mineralised structure all within 700 metres of the Segilola open pit [...]
Thor Explorations Ltd. is pleased to announce the first set of drill results from its infill diamond core drilling program at its Segilola Gold Project in Nigeria, which is scheduled to pour first gold in Q2 next year. The infill diamond core drilling program was designed to provide further verification of the scheduled first three months of plant [...]
Thor Explorations Ltd. is pleased to announce that further to its news release of July 10, 2020 it has closed the final tranche of its previously announced brokered private placement raising an additional C$1.05 million through the issuance of an additional 6,069,363 common shares. The closing of the second tranche increases the aggregate raised by [...]
Thor Explorations Ltd. refers to the press release made today by Vox Royalty Corp regarding the acquisition of a royalty in the Company’s Segilola Gold Project. Thor would like to clarify that it has not entered into any new royalty agreements. The Company has a prior royalty agreement with RTG Mining which RTG received in consideration for the [...]
Vox Royalty Corp. is pleased to announce that it has entered into a binding agreement pursuant to which Vox will acquire a royalty on Thor Exploration Limited's construction-stage Segilola Gold Project for consideration of C$900,000 comprised of C$650,000 in cash and C$250,000 in Vox shares . Segilola is in the state of Osun in Nigeria [...]
Thor Explorations Ltd. is pleased to announce that it has closed a first tranche in it previously announced brokered private placement raising a total of C$12.5 million through the issuance of 69,479,167 common shares at a price of C$0.18 per share. After the closing of the private placement, the total number of shares outstanding now is [...]
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Thor Explorations Ltd. announces that it intends to raise up to approximately US$10 million and in cooperation with certain shareholders place up to approximately US$5 million of previously issued stock via a best efforts brokered private placement. The private placement will consist of up to 40 million units with each unit comprising up to 2 [...]
