For thousands of other reports visit RSC's Mineral Intellingence Map
Thor Explorations Ltd.
Summary
| Project: | Segilola | |
|---|---|---|
| Deposit: | Segilola Open Pit | |
| Location: | Nigeria | |
| Commodities: | Gold | |
| Date: | 2/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-2-2019: Thor Explorations Ltd. announces a Feasibility Study report for its Segilola Open Pit deposit at the Segilola project. Segilola DFS results incl. post-tax NPV of US $138M (5%), IRR of 50.5%. Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or t | |
| Resources: | (Resource, Prob.): 3.0Mt @ 4.20g/t Au for 405Koz Au at open pit | |
| CP/QP: | [Resources]: Chris Speedy (Auralia Mining Consulting Pty Ltd.) | |
| ABSTRACT: | Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce positive results for its Independent Open Pit Definitive Feasibility Study (“DFS”) at its 100% owned Segilola Gold Project (the “DFS Project”) in Nigeria. Thor is also pleased to announce that it has also completed an Independent Preliminary Economic Assessment (“PEA”), undertaken by Roscoe Postle Associates Inc., for a proposed supplmental Underground Project (the “UG Project”) at Segilola. The DFS Project comprises an open pit mine and will include the construction of a new 625,000 tonnes per annum (“tpa”) processing plant, which would consist of a conventional crushing circuit, two stage grinding, gravity, carbon-in-leach, elution, electrowinning and smelting to produce gold dore. The DFS envisions a construction start date in Q2 2019 and an 18 month construction period with an initial 5 year mine life. The UG Project considers an initial 3 year underground operation which can be brought on during the open pit mine life to supplement the open pit ore with high grade underground production. The deposit remains open below the resources considered in the UG Project. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report