Thor is currently developing and exploring three West African projects located in Nigeria, Senegal, and Burkina Faso.
The Segilola Gold Project. The Segilola Gold Project is located in Osun State of Nigeria, approximately 120km northeast of Lagos. It is the most advanced gold project in Nigeria. The property comprises mining license ML41 and exploration license EL19066. ML41 covers an area of (17.2km²; 1,720ha) and is wholly contained within the larger EL19066 covering an area of 135 Cadastral Units (27.0km²; 2,700ha).
The Douta Gold Project is located in the south-east region of Senegal within the Kéniéba inlier, proximal to the Main Transcurrent Shear Zone. This is considered to control the Sadiola Deposit in the North, and the Massawa Deposit to the centre - within 5km of the Douta Project.
The Central Houndé Project consists of three contiguous permits located within the Houndé belt, 260km south-west of the capital Ouagadougou, in western Burkina Faso. The Houndé belt is highly prospective and hosts approximately 10Moz of gold discoveries. Thor's Central Houndé Project is surrounded by established projects being developed by established explorers including Orezone Inc., SEMAFO, Acacia Mining Plc and Sarama Resources Ltd.
Thor’s strategy as a growing, cash generative, West African focused gold company, with a prospective portfolio of development and exploration projects; is to successfully complete the construction of the Segilola Gold Project, and subsequently enter into commercial production. Thor will then then use its own internally-generated financial resources to comprehensively explore its extensive licence holdings in the Segilola region, and at its Douta Project in Senegal, with the objective of substantially increasing gold resources, reserves and production.