Thor Explorations Ltd. Files NI 43-101 Technical Report for Previously Announced Definitive Feasibility Study for the Segilola Gold Project
TSX VENTURE: THX
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES
VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) announces that it has filed an independent National Instrument 43-101 Technical Report ("NI 43-101") supporting the Definitive Feasibility Study for the Segilola Gold Project (the “Project”) in Nigeria reported in the Company’s news release dated February 4, 2019 entitled “Thor Explorations completes robust Definitive Feasibility Study for the Segilola open pit Gold Project and positive preliminary economic assessment for the supplementary Segilola underground Gold Project”.
The NI 43-101 is entitled “Technical Report On the Segilola Gold Project Feasibility Study, Osun State, Nigeria” and was prepared for the Company by Roscoe Postle Associates UK Ltd. of London, United Kingdom.
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in southeastern Senegal. Thor also holds a 49% interest in the Central Houndé Project located in Houndé greenstone belt, south west Burkina Faso. Thor trades on the TSX Venture Exchange under the symbol “THX”.
THOR EXPLORATIONS LTD.
Per: “Segun Lawson”
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes “forward looking statements” within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. Such forward-looking statements, including but not limited to the completion of the acquisition of the Segilola Gold Project and the use of the proceeds of the private placement. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.