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Thor Explorations Ltd. Announces Construction Update at Segilola Gold Mine
VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce that c
About this update from Thor Explorations Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce that concrete has been poured on the Segilola process plant site, construction and procurement are progressing on schedule and on budget with first gold pour expected in Q2 2021. Highlights: First concrete has been poured at the process plant Water Storage Facility is at final height and is starting to fill Detailed design 80% complete Main Camp buildings are at roof level Procurement 60% complete, with SAG and Ball mills scheduled for delivery in early 2021 Over 200 members of the local communities have been employed by the project No Lost Time Injuries to date COVID -19 monitoring and mitigation measures continue at site Segun Lawson, President & CEO, stated: “Our construction team and EPC contractor, Norinco International Cooperation Limited, are continuing to deliver on our targets in a challenging operating environment due to the COVID-19 pandemic. I cannot speak highly enough of the professionalism being displayed day in and day out by our workforce and contractors.” Construction Update The first concrete has been poured by Norinco International Ltd (“Norinco”), the LSTK EPC Contractor, for the foundations for the plant at Segilola and the CIP tank foundation pouring is in process. The Water Storage Facility has been constructed to final height and the spillway construction is progressing. The facility is filling well and is expected to reach full capacity before the end of the year. Construction at the main camp is continuing with the main buildings at roof level. Handover of the administration, technical services, dining facilities, clinic and recreational facilities is expected in Q4 2020. Procurement is 60% complete, with vendors re-confirming delivery times. The first shipment of materials recently arriving at Lagos port. Long lead items are scheduled to arrive on site in Q4 2020 and Q1 2021. Local employment is a key aspect of the Company’s development approach and during this initial period over 360 jobs have been created, with 92% being Nigerian nationals and approximately 56% being from the local communities. The Company has a strong and proactive approach to health and safety and to date the Project completed over 220,000 man hours with no lost time injurie...