Thor Explorations Intersects High-Grade Gold at Segilola Mine
Why we think this is neutral
This RNS provides an operational update on the Segilola Gold Mine, including positive drilling results that indicate the potential to extend the mine life. However, it does not contain any of the mandatory news types that would require a more detailed analysis.
Key Points
- Drillhole SNMDD060 - 4.2 meters at 12.4 g/t gold from 295m
- Drillhole SNMDD061 - 2 meters at 17.86 g/t gold from 195.5m
- Drillhole SNMDD061 - 4.5 meters at 3.71 g/t gold from 222m
- Drillhole SNMDD059 - 5.9 meters at 6.0 g/t gold from 291m
Summary
The mining company reports high-grade gold mineralization intersected at its Segilola Gold Mine in Nigeria, suggesting potential to extend the mine's lifespan.
Thor Explorations Ltd. has announced positive results from an advanced diamond drilling program at its Segilola Gold Mine in Nigeria. The drilling has generated several significant gold intersections below the current open pit design, including 4.2 meters at 12.4 g/t gold and 2 meters at 17.86 g/t gold. The company is targeting potential mineralization beneath the current open pit with the objective of extending the Segilola mine life.
Key Dates
Q4 2025
Preliminary Economic Assessment Update
GENERAL UPDATE