- Thor Explorations (TSXV:THX) reports successful proof-of-concept drilling beneath the Segilola gold mine open pit in Nigeria
- Highlights include 3.5 m at 4.10 g/t gold and 2.4 m at 3.46 g/t gold
- Expanded drilling program planned to target southern down-plunge zones and assess deeper mineralization
- Results will inform optimization studies to extend the Segilola mine’s open pit life and support underground mining plans
Thor Explorations (TSXV:THX), a West-Africa-focused mining company, has announced further positive results from its proof-of-concept drilling program at the Segilola gold mine in Nigeria.
Results reveal high-grade mineralization below the current open pit extents, validating Thor’s resource expansion strategy.
Drilling results overview
The drilling program targeted high-grade mineralization along a southern down-plunge trend. Significant results from recent drill holes include:
| Hole ID | From (m) | To (m) | Interval (m) | Grade (g/t Au) | True Width (m) |
| SNMDD014 | 299.0 | 301.4 | 2.4 | 3.46 | 2.1 |
| SNMDD015 | 158.5 | 159.5 | 1.0 | 3.70 | 0.7 |
| SNMDD016 | 305.7 | 309.2 | 3.5 | 4.10 | 3.1 |
| SNMDD018 | 231.6 | 233.3 | 1.7 | 3.87 | 1.4 |
Previously reported results include:
| Hole ID | From (m) | To (m) | Interval (m) | Grade (g/t Au) | True Width (m) |
| SNMDD011 | 293.8 | 296.8 | 3.0 | 11.24 | 2.4 |
| SNMDD012 | 269.2 | 270.6 | 1.5 | 3.22 | 1.2 |
Expansion plans
Thor’s management plans to expand the current 12-hole drilling program to explore further along strike and test deeper targets. The results will contribute to optimization studies for extending the mine’s open pit life and developing an underground mining operation.
Geological context
The Segilola deposit is located along Nigeria’s Ilesha shear zone, hosting high-grade gold mineralization within metamorphic meta-sediments. The southern lodes feature steep, west-dipping parallel lodes rich in silica-altered veins.
Leadership insights
“These encouraging results demonstrate the potential to extend the Segilola gold mine’s open pit and support underground resource development,” Segun Lawson, Thor Explorations’ chief executive officer, said in a statement. “Our focus remains on unlocking the deposit’s full value and delivering long-term benefits to our stakeholders.”
About Thor Explorations
Thor Explorations is a West-Africa-focused gold producer.
Thor Explorations (TSXV:THX) sat at C$0.301 per share as of 10:22 am ET. The stock is up by 22.86 per cent year-over-year.
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(Top photo of Thor Explorations’ Segilola mining camp in Nigeria: Thor Explorations)
