Business
Thor Explorations Announces Q2 2023 Operating Update
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2023) - Thor Explorations Ltd. (TSXV: THX...
About this update from Thor Explorations Ltd.
[{"type":"text","content":"Thor Explorations Announces Q2 2023 Operating UpdateVancouver, British Columbia--(Newsfile Corp. - July 12, 2023) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (\"Thor Explorations\" or the \"Company\") is pleased to provide an operational update for the Segilola Gold mine, located in Nigeria (\"Segilola\"), and for the Company's mineral exploration properties located in Nigeria, Senegal and Burkina Faso for the three months to June 30, 2023 (the \"Quarter\" or \"Q2\").HighlightsSegilola ProductionGold production of 23,078 ounces (\"oz\") during the Quarter at an average grade of 2.99 grammes per tonne (\"g/t\") of gold (\"Au\")Segilola ExplorationFocus of exploration activities within a 25 kilometre (\"km\") radius from the Segilola operationsContinuation of diamond and reverse circulation (\"RC\") drilling on identified high-grade quartz-vein style mineralisation at Igala and Ayelle prospects within 15 km of Segilola with several significant intersections obtainedInitial identification of new mineralised trend located 23km south of Segilola with an RC drilling campaign underway to assess both primary and saprolite gold mineralisation Douta ProjectPre-Feasibility Study (\"PFS\") workstreams are ongoing Environmental and Social Impact Assessment ongoing and dry season biodiversity survey completedMetallurgical and geotechnical drilling programs have been completed and metallurgical samples have been delivered to the laboratory Resource drilling continuing targeting upgrades to the higher-grade parts of the existing inferred resource to indicated classification together with step-out drilling at Sambara which commenced in the QuarterMineralisation remains open along strike between the known prospects with further growth potential along 20 kilometres of under-explored prospective strike length covered by the Douta exploration permitThor Lithium ExplorationAcquisition of over 500 square kilometres (\"km2\") of tenure in south-west Nigeria covering both known lithium bearing pegmatite deposits and a large unexplored prospective pegmatite-rich beltAs previously announced, initial field inspection and selective sampling of key sites have returned significant lithium grades from both spodumene and lepidolite mineralisation. Sampling of part of a key pegmatite deposit that falls within Thor's tenure returned an analysis of between 1.3...