Thor Explorations – Operations And Explorations Update At Segilola And Douta, And Announcement Of A New Lithium Exploration Subsidiary

Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us to review the newly announced lithium subsidiary of the company, along with an operations and exploration update at the Segilola gold mine, located in Nigeria, and the development-stage Douta Project, located in Senegal.


We start off having Segun outline the genesis and strategy behind launching the new lithium subsidiary, Newstar Minerals Ltd, the recent acquisition of significant tenure in south-west Nigeria that covers both known lithium bearing pegmatite deposits and a large unexplored prospective pegmatite-rich belt. Thor has secured over 600kmof granted tenure in Nigeria that forms West Oyo, Kwara State and Ekiti State Lithium Project Areas. The West Oyo Project Area encompasses what Thor considers to be Nigeria’s most significant lithium pegmatite occurrence and is currently being exploited by small-scale lithium mining.


We go on to discuss the ongoing gold production and operations from the Segilola Mine, where the company is now through the lower grade part of the deposit it has messaged about in Q4 and Q1, and is getting back into higher grade areas of the mine sequence for the quarters to come, which will help with economics and production output. 


At the Douta Project, there is ongoing metallurgical, geo-technical, and definition drilling underway to feed into the work needed for the Preliminary Economic Assessment (PEA) slated for delivery to the market by year-end. Additionally, there is more step-out drilling and infill drilling at the Makosa deposit, to move resources from inferred to indicated, as well as expansion drilling around 3 key new mineralized satellite discoveries, with particular emphasis on the Sambara target. There will be plenty of exploration news to report for the balance of the year, to expand the recently updated resource of 1.78 million ounces of gold.


If you have any questions for Segun regarding the ongoing work at Thor Explorations, then please email me at


*In full disclosure, Shad is a shareholder of Thor Explorations.




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