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Thor Explorations announces high-grade mineralisation intersections at Nigeria project

18th August 2025

By: Tasneem Bulbulia

Deputy Editor Online

     

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Minerals exploration and mining company Thor Explorations has announced further positive results from an advanced diamond drilling programme at its Segilola gold mine, in Nigeria, which is targeting potential mineralisation beneath the current openpit with the objective of extending the mine’s life.

“We are delighted to report continued positive progress from our deep diamond drilling programme at Segilola, which has generated several significant gold intersections below the current openpit design. This programme, which continues to evolve, has been designed to further explore the along-strike down-plunge trend of the deposit,” president and CEO Segun Lawson says.

“One of our key corporate priorities as a company is to extend the Segilola mine life and the ongoing drilling programme 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,” he adds.

Lawson says the company is encouraged by these results, which demonstrate continued high-grade mineable mineralisation beneath the pit.

“We will also review the options of recovering these additional ounces by deepening the Segilola openpit. We have increased our exploration budget to $11.5-million for the year and also look forward to commissioning the company’s drilling rigs, which will enable a faster, more flexible drilling programme,” he comments. 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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