Thor Explorations is planning to begin construction of its Segilola open-pit gold mine in southwest Nigeria in the second quarter of 2019. Positive results from an independent definitive feasibility study describe a project producing 80,000 ounces per year (oz/y) of gold over a five-year mine life.
Thor has also reported the results of an independent preliminary economic assessment (PEA) of a proposed supplemental underground project at Segilola that could add 33,000 oz/y to Segilola production over a period of three years. The resource remains open at depth.
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