Thor Explorations announces commercial production at its Segilola Gold Mine in Nigeria
- Thor Explorations announces commercial production at its Segilola Gold Mine in Nigeria
Thor Explorations Limited has announced that commercial production has been achieved at its wholly owned Segilola Gold Mine located in Osun State, Nigeria.
The company said that the mine is fully operational and operating at the target daily mine production rate, with the processing plant operating in-line with its design throughput capacity of 715,000 tonnes per annum.
Thor added that approximately 90,000 tonnes of ore material mined to the end of the third quarter. In addition to this, two ore zones have been prepared for commencement of higher- grade direct tip operation in October.
“The mining fleet has been fully commissioned and mine production has continued through the wet season, with particularly heavy rainfall in September, which is now subsiding as we approach the dry season which typically runs from late October to early March,” the company said in a statement.
President and CEO of Thor Explorations Limited, Segun Lawson commented, “This is a significant achievement and marks the start of an exciting growth phase for the company through the combination of stable high grade gold production and exploration potential in the region around Segilola and progress on our Douta project in Senegal.”
Thor Explorations is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso.
The company holds a 100 per cent interest in the Segilola gold project located in Osun State of Nigeria and has a 70 per cent economic interest in the Douta gold project located in south-eastern Senegal.
Thor Explorations announces commercial production at its Segilola Gold Mine in Nigeria
