Thor Explorations Ltd FIRST GOLD POUR AT SEGILOLA GOLD MINE IN NIGERIA (0689H)
30 Julio 2021 - 4:00AM
UK Regulatory
TIDMTHX
RNS Number : 0689H
Thor Explorations Ltd
30 July 2021
NEWS RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
FOR IMMEDIATE RELEASE TSXV/AIM: THX
July 30, 2021 Shares Outstanding: 623,570,509
Vancouver, British Columbia
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
THOR EXPLORATIONS ANNOUNCES FIRST GOLD POUR AT ITS SEGILOLA GOLD
MINE IN NIGERIA
Thor Explorations Ltd. (TSXV / AIM: THX) ("Thor Explorations" or
the "Company") is pleased to announce the first gold pour from its
Segilola Gold Mine located in Osun State, Nigeria. The pour took
place this morning, July 30, 2021.
The process plant ramp up will continue over the next six weeks
with commercial production targeted for September 2021. At
commercial production, the plant will run at a processing rate of
715,000 tonnes per annum, targeting c.85,000 ounces of gold per
annum.
Segun Lawson, President & CEO, stated: "The first gold pour
at Segilola, our first mine and the first commercial gold mine in
Nigeria, is a significant achievement for the Company. This mine
has been built in line with the budget and largely on schedule
through a global pandemic. The Segilola mine is a high-grade, open
pit mine that has a projected Life of Mine All In Sustaining Cost
of $685 per ounce providing strong cash flows over the life of
mine.
"I want to take this opportunity to once again commend our
team's commitment and hard work in achieving this milestone,
especially given COVID-19 related restrictions. We look forward to
hosting an on-site inauguration ceremony of Nigeria's first
commercial gold mine with state and federal authorities in the
coming months."
Further details can be found on the Company's website:
www.thorexpl.com
About Thor Explorations
Thor Explorations Ltd. is a mineral exploration company engaged
in the acquisition, exploration and development of mineral
properties located in Nigeria, Senegal and Burkina Faso. Thor
Explorations holds a 100% interest in the Segilola Gold Project
located in Osun State of Nigeria and has a 70% economic interest in
the Douta Gold Project located in south-eastern Senegal. Thor
Explorations trades on AIM and the TSX Venture Exchange under the
symbol "THX".
THOR EXPLORATIONS LTD.
Segun Lawson
President & CEO
For further information please contact:
Thor Explorations Ltd
Email: info@thorexpl.com
Canaccord Genuity (Nominated Adviser & Broker)
Henry Fitzgerald-O'Connor / James Asensio / Thomas Diehl
Tel: +44 (0) 20 7523 8000
Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou
Tel: +44 (0) 20 7907 8500
Fig House Communications (Investor Relations)
Tel: +1 416 822 6483
Email: investor.relations@thorexpl.com
Blytheweigh (Financial PR)
Tim Blythe / Megan Ray / Rachael Brooks
Tel: +44 207 138 3203
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCWPURCMUPGURU
(END) Dow Jones Newswires
July 30, 2021 05:00 ET (09:00 GMT)
Thor Explorations (LSE:THX)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Thor Explorations (LSE:THX)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024