Thor Explorations – Introducing this under the radar near-term gold producer in Nigeria with 10,000meters of exploration starting soon in Senegal
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF) joins me to provide a broad overview of the 3 main projects within Thor Explorations.
We start with the Segilola Project in Nigeria that is well into construction of the mine and is expecting the first gold pour in the next few months. We discuss the economics of the resource and cash flow estimates when in full scale production. Exploration is also planned to help extend the mine life and to find possible satellite deposits to build the production profile.
We then look at the Douta Project in Senegal which is an exploration play with 10,000meters planned this year to follow up on the 10,000meters drilled last year. Finally the Central Houndé Property, in Burkina Faso is a JV with Barrick where Barrick is funding the work up to a Pre-Feasablitily Study for an 80% interest.
Please email me with any follow up questions for Segun regarding any of the growth plans for Thor Explorations. My email address is Fleck@kereport.com.