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Thor Explorations Ltd. Announces Filing of NI 43-101 Preliminary Feasibility Study on the Segilola Gold Project
Oct. 25, 2017 09:22AM PST
Precious Metals InvestingThor Explorations Ltd. (TSX VENTURE:THX) (“Thor” or the “Company”) is pleased to announce that it has filed a Preliminary Feasibility Study (“PFS”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Segilola Gold Project. The filing of this technical report supports the disclosure made by the Company in its news releases of September …
Thor Explorations Ltd. (TSX VENTURE:THX) (“Thor” or the “Company”) is pleased to announce that it has filed a Preliminary Feasibility Study (“PFS”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Segilola Gold Project. The filing of this technical report supports the disclosure made by the Company in its news releases of September 11, 2017 entitled “Thor Explorations announces an updated Independent Mineral Resource Estimate and Preliminary Feasibility Study progress update at its Segilola Gold Project in Nigeria” and September 27, 2017 entitled “Thor Explorations Announces Robust Results of Independent Preliminary Feasibility Study And Maiden Probable Mineral Reserve At Segilola, Nigeria.”
As quoted in the press release:
“The Preliminary Feasibility Study of the Segilola Gold Project demonstrates a robust project with a low capital intensity, strong cash flow and a low All In Sustaining Cost for the Life of Mine. It also identifies several opportunities for optimisation that, if confirmed during the feasibility study phase, should further enhance the project economics.”
