|
Thor Explorations Ltd on Monday saw its shares edge higher as it reported positive findings from its diamond drilling programme at the Segilola gold mine in Nigeria. The Vancouver-based mining firm said results demonstrate ‘continued high grade mineable mineralisation’ beneath the open pit, with its goal to extend the Segilola mine life. Shares in Thor Explorations were 3.8% higher at 49.80 pence on Monday morning in London. Findings include at drillhole SNMDD060, where Thor Explorations reported a gold intercept grading of 12.4 grammes per tonne of gold, starting from a depth of 295 metres. For drillhole SNMDD061, it reported a gold intercept grading of 17.86g/tAu, starting from a depth of 195.5 metres. ‘We are delighted to report continued positive progress from our deep diamond drilling program at Segilola, which has generated several significant gold intersections below the current open pit design,’ said President & Chief Executive Segun Lawson. ‘One of our key corporate priorities as a company is to extend the Segilola mine life, and the ongoing drilling program has been designed to do this by both upgrading parts of the remaining inferred resource and increasing the size of the overall underground resource to support a longer life-of-mine at Segilola...We are encouraged by these results, which demonstrate continued high grade mineable mineralisation beneath the pit and look forward to testing these targets, which remain open.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
