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Thor Explorations Ltd.
Summary
| Project: | Segilola | |
|---|---|---|
| Deposit: | Segilola | |
| Location: | Nigeria | |
| Commodities: | Gold | |
| Date: | 7/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-7-2016: Thor Explorations Ltd. announces a Resource Estimation report for its Segilola deposit at the Segilola project. Updated mineral resource estimation for project. Thor Explorations Limited (“Thor”) is a TSX-V listed (THX:TSX-V) junior natural res | |
| Resources: | (Resource, Ind.): 4,580,863t @ 3.8g/t Au for 554,697oz Au contained at project | |
| CP/QP: | [Resources]: Stephen Mawson (Independent) | |
| ABSTRACT: | Thor Explorations Limited (“Thor”) is a TSX-V listed (THX:TSX-V) junior natural resources company engaged in the acquisition and exploration and development of mineral properties. The company is currently focused on early stage gold exploration projects located in highly prospective underexplored regions of West Africa with current projects: Douta, in Senegal and Central Houndé, in Burkina Faso. Thor is evaluating acquiring 100% interest in the Segilola Gold Project through the acquisition of Segilola Gold Limited (SGL) and Segilola Resources Operating Limited (SROL). Thor commissioned Odessa Resources Pty Ltd (“Odessa”) to calculate and report an updated classified Mineral Resource estimate for the Segilola Project in order to support the execution of a Share Purchase Agreement by Thor Explorations Ltd for the Segilola Gold Project. This report outlines a Mineral Resource estimate for the Segilola Gold Project completed and verified in January 2016. The estimate was conducted in accordance with the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI4-3101). | |
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