Latest news with #ThorExplorations
Daily Mail
3 days ago
- Business
- Daily Mail
I tipped this gold stock a year ago and it's already up SIXTY PERCENT. Here are the three you should invest in NOW before they soar, reveals our money guru
Gold is on a roll. The precious metal is flirting with record highs of more than $3,500 (£2,608) an ounce, having soared 40 per cent in the past year alone. These rising prices have not just benefited gold investors but also shareholders in mining companies, including Thor Explorations, whose share price has more than doubled since Midas tipped the stock in 2023. Golden Prospect Metals has had a fabulous run too, with its shares up 60 per cent since this column recommended them less than a year ago.
Yahoo
22-07-2025
- Business
- Yahoo
Thor Explorations Announces Maiden Drill Results at the Guitry Project in Côte d'Ivoire
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - Thor Explorations Ltd (TSXV: THX) (AIM: THX) ("Thor" or the "Company") is pleased to announce initial drilling results from its maiden drilling campaign at its 100% owned Guitry Gold Project ("Guitry") in Côte d'Ivoire. During May and June 2025, Thor completed an initial 3,000 metre ("m") reverse circulation ("RC") drilling program at Guitry and has received initial assay results from the program. The objective of the program was to gain a better understanding of both the geometry and geological controls on gold mineralisation based on a new interpretation of the historic drilling results obtained by Endeavour Mining, the historical owner of the asset. The assay results received to date from this drilling program include the following highlights: Drillhole GURC25-208 - 14m at 2.59 grammes per tonne ("g/t") of gold ("Au") from surface Drillhole GURC25-209 - 4m at 6.87 g/tAu from 38m Drillhole GURC25-212 - 5m at 7.48 g/tAu from 5m Drillhole GURC25-214 - 10m at 10.36g/t Au from 57m Drillhole GURC25-216 - 7m at 3.93 g/tAu from 7m Drillhole GURC25-219 - 3m at 14.50 g/tAu from 82m Drillhole GURC25-221 - 13m at 3.46/t Au from 114m Drillhole GURC25-227 - 7m at 7.71 g/tAu from 77m Drillhole GURC25-228 - 5m at 12.65 g/tAu from 69m Drillhole GURC25-229 - 17m at 2.16 g/tAu from surface Further exploration at the Krakouadiokro Prospect will include both infill and step-out drilling. Additionally, drilling will commence on numerous geochemical anomalies at both the Krakouadiokro and Gbaloukro Prospects, many of which remain untested or only partially tested. Segun Lawson, President & CEO, stated: "We are extremely pleased to report our first drilling results from Côte d'Ivoire. Guitry is an advanced exploration project which, when acquired, was characterised by numerous gold-in-soil geochemical anomalies that had only been partially drill tested with shallow drilling by the previous explorers. Our initial drilling program was designed based on our new interpretation, suggesting a different orientation of a number of parallel mineralised lodes. "We are particularly encouraged that the drilling confirmed our new interpretation of the orientation of these mineralised lodes which remain open. We also successfully intersected previously untested deeper bedrock mineralisation which also remains open at depth. "This is a great start to our drilling activities in Côte d'Ivoire. The Guitry Project has scope to grow from here and we continue to target our maiden resource in the country by the end of this year. "We look forward to receiving the remaining assay results and are excited to return later this quarter following the rainy season to continue the next phase of drilling and also to kick off our maiden drilling program on our Marahui Project where we have been advancing exploration through the course of the year. "As a country, Cote D'Ivoire is a West African gold mining and exploration success story that hosts over 30% of West Africa's greenstone belts and is proving to be an emerging region for world class gold discoveries. We are pleased with our low-cost entry into the country and believe these two permits provide an excellent platform from which to grow our activities in the country." Introduction The Guitry Project was acquired by Thor from Endeavour Mining Corporation ("Endeavour") during 2024 for a total consideration of US$100,000 in cash and a 2% Net Smelter Royalty. The Project is located 220 kilometres ("km") due west from Abidjan and covers 295 square kilometres ("km2") of prospective Tehini (Birimian) Greenstone Belt comprising a north-easterly trending sequence of greywacke sediments and volcano-sedimentary schists and andesite with later granitic intrusive located to the north. The Tehini Greenstone Belt extends northwards into Burkina Faso where it hosts large gold deposits such as Hounde (5.2Moz) and Mana (2.3Moz). Early-stage exploration at Guitry completed by Endeavour Mining includes 7,672 soil samples and over 11,000m of drilling (Figure 1). Figure 1: Guitry Gold Project Location Map To view an enhanced version of this graphic, please visit: Two main prospects were defined by soil geochemistry: Krakouadiokro and Gbaloukro. A broad gold in soil anomaly extends over a 8.5km north easterly trending zone with a continuous 5km long anomaly at Krakouadiokro (Figure 2). Follow up drilling at Krakouadiokro produced several significant drill intersections from relatively small area of drilling including. However, insufficient information was obtained regarding the geometry and extents of the primary gold mineralisation. Mineralisation appears to be open along strike to the southwest and northeast and down dip at the two main prospects. Figure 2: Guitry Soil Geochemical Map To view an enhanced version of this graphic, please visit: Drilling Results Historically, most of the drilling intersected gold mineralisation in a near-surface flat-lying supergene horizon. Only limited drilling of the primary mineralisation at Krakouadiokro was carried out. The current program was designed based on a new interpretation of the orientation of what is understood to be several parallel mineralised lodes. Since May 2025, Thor completed an initial RC drilling program of approximately 3,000 metres with the results for the initial holes received. All holes were oriented at an azimuth of 225o at a dip of 55 o. Industry standard QAQC protocols were followed, and drill samples were collected, stored and transported under secured conditions. Drill samples were analysed by SGS Laboratories in Yamoussoukro using the FAA505 fire assay method (50-gram charge). The significant intersections from this program are listed in Table 1. The current drilling area is located on the crest of a laterite-capped hill which overlies a north-east striking sequence of pelitic sedimentary (greywacke) rocks. These rocks are strongly weathered to a depth of about 30m from surface before transitioning into fresh bedrock. Primary gold mineralisation is developed within moderately to steep north-dipping zones in the south-west part of the drilling area. Towards the north-east the mineralised zones appear to be sub-vertical (Figure 4). Table 1: Guitry Gold Project Significant Drilling Intersections(>5 gram-metres, 0.3g/tAu cut off, Minimum Interval 3m, Maximum Internal Waste 3m, all holes reported) Hole ID Easting Northing RL Depth Dip Azi- muth From (m) To (m) Interval (m) Grade (g/tAu) True Width (m) GURC25-208 240488 605214 224 78 -55 225 0 14 14.0 2.59 11.9 GURC25-209 240509 605235 233 96 -55 225 38 42 4.0 6.87 3.4 GURC25-210 240354 605221 211 72 -55 226 0 10 10.0 0.62 8.5 GURC25-210 46 57 11.0 1.07 9.4 GURC25-211 240375 605242 218 102 -55 225 81 90 9.0 1.34 7.7 GURC25-212 240467 605405 243 72 -55 226 25 30 5.0 7.48 4.3 GURC25-214 240603 605396 240 78 -54 225 57 67 10.0 10.36 8.5 GURC25-215 240619 605418 252 102 -54 225 70 75 5.0 3.21 4.3 GURC25-216 240640 605358 252 66 -56 226 45 52 7.0 3.93 6.0 GURC25-217 240654 605382 237 60 -55 225 3 8 5.0 1.05 4.3 GURC25-218 240657 605374 264 138 -55 225 5 15 10.0 0.54 8.5 GURC25-219 240581 605458 245 150 -55 225 10 20 10.0 0.97 8.5 GURC25-219 82 85 3.0 14.50 2.6 GURC25-220 240524 605393 259 108 -55 225 60 64 4.0 1.65 3.4 GURC25-220 86 94 8.0 0.72 6.8 GURC25-221 240500 605382 241 84 -55 225 77 84 7.0 7.11 6.0 GURC25-222 240439 605440 245 114 -55 225 3 8 5.0 2.38 4.3 GURC25-222 66 69 3.0 2.50 2.6 GURC25-223 240449 605455 239 132 -55 225 87 92 5.0 3.17 4.3 GURC25-227 240397 605263 233 144 -55 225 114 127 13.0 3.46 11.0 GURC25-228 240528 605258 256 108 -55 225 69 74 5.0 12.65 4.3 GURC25-229 240496 605289 247 114 -55 225 0 17 17.0 2.16 14.5 Figure 3: Guitry Drillhole Location Map To view an enhanced version of this graphic, please visit: Numerous high grades have been intersected in the primary zone over a 400m by 300m area. In the Southern Zone intersections such as 7m at 7.71 g/tAu in GURC25-227 and 5m at 12.65 g/tAu in GURC25-228 indicate that grades appear to increase at depth with most of the grades exceeding 5g/tAu being located in the fresh bedrock (Figure 4). This moderate to steep dipping lode attains an average true thickness of 9m which at these elevated gold grades forms an attractive open pit and underground target. Figure 4: Guitry Cross Sections To view an enhanced version of this graphic, please visit: In the Central Zone where assays are still pending, further drilling will be required to fully define the mineralisation. However, drillhole GURC25-221, which ended in grade, suggests the development of another lode. Assays are pending for several other holes including GURC25-232 and GURC25-233 which targeted this zone further to the east. The Northern Zone is characterised by several narrow mineralised structures including 3m grading 14.50g/tAu which was intersected in drillhole GURC25-219 (Figure 4). Further drilling is planned to obtain a better understanding of the geometry of the mineralisation in this area. Next Steps At the Krakouadiokro Prospect further systematic resource drilling is warranted. This drilling would comprise both infill and step-out drilling. Drilling of the numerous geochemical anomalies at both the Krakouadiokro and Gbaloukro Prospects that have, to date, been either untested or partially tested. Generative geochemical surveys along the north-east and to the south-west strike extents of the Krakouadiokro and Gbaloukro Prospects. These areas, which total approximately 10km of prospective strike, have either been partially sampled on 800m spaced lines or not sampled at all. Commercial Terms Further details can be found on the Company's website: Qualified Person The above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, CP), who is designated as a "qualified person" under National Instrument 43-101 and the AIM Rules and has reviewed and approves the content of this news release. He has also reviewed QA/QC, sampling, analytical and test data underlying the information. About Thor Explorations Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor Explorations holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol "THX". THOR EXPLORATIONS LTD. Segun Lawson President & CEO For further information please contact: Thor Explorations Ltd Investor RelationsEmail: Canaccord Genuity (Nominated Adviser & Broker)Henry Fitzgerald-O'Connor / James Asensio / Harry ReesTel: +44 (0) 20 7523 8000 Hannam & Partners (Broker)Andrew Chubb / Matt Hasson / Nilesh Patel / Franck NganouTel: +44 (0) 20 7907 8500 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Said Izagaren Tel: +44 207 138 3204 Yellow Jersey PR (Financial PR) Charles Goodwin / Shivantha Thambirajah / Zara McKinlayTel: +44 (0) 20 3004 9512 Appendix 1Guitry Drilling Results(>5 gram-metres, 0.3g/tAu cut off, Minimum Interval 3m, Maximum Internal Waste 3m) Hole ID Easting Northing RL Depth Dip Azimuth From (m) To (m) Interval (m) Grade (g/tAu) True Width (m) GURC25-208 240488 605214 224 78 -55 225 0 14 14.0 2.59 11.9 GURC25-209 240509 605235 233 96 -55 225 38 42 4.0 6.87 3.4 GURC25-210 240354 605221 211 72 -55 226 0 10 10.0 0.62 8.5 GURC25-210 46 57 11.0 1.07 9.4 GURC25-210 59 64 5.0 0.64 4.3 GURC25-211 240375 605242 218 102 -55 225 0 7 7.0 0.61 6.0 GURC25-211 67 73 6.0 0.35 5.1 GURC25-211 81 90 9.0 1.34 7.7 GURC25-212 240467 605405 243 72 -55 226 2 10 8.0 0.70 6.8 GURC25-212 25 30 5.0 7.48 4.3 GURC25-212 64 69 5.0 0.32 4.3 GURC25-213 240488 605426 242 96 -55 225 nsr0.0 GURC25-214 240603 605396 240 78 -54 225 57 67 10.0 10.36 8.5 GURC25-215 240619 605418 252 102 -54 225 70 75 5.0 3.21 4.3 GURC25-216 240640 605358 252 66 -56 226 45 52 7.0 3.93 6.0 GURC25-216 57 62 5.0 0.37 4.3 GURC25-217 240654 605382 237 60 -55 225 3 8 5.0 1.05 4.3 GURC25-218 240657 605374 264 138 -55 225 5 15 10.0 0.54 8.5 GURC25-219 240581 605458 245 150 -55 225 10 20 10.0 0.97 8.5 GURC25-219 82 85 3.0 14.50 2.6 GURC25-220 240524 605393 259 108 -55 225 2 10 8.0 0.35 6.8 GURC25-220 60 64 4.0 1.65 3.4 GURC25-220 86 94 8.0 0.72 6.8 GURC25-221 240500 605382 241 84 -55 225 0 4 4.0 0.50 3.4 GURC25-221 77 84 7.0 7.11 6.0 GURC25-222 240439 605440 245 114 -55 225 3 8 5.0 2.38 4.3 GURC25-222 66 69 3.0 2.50 2.6 GURC25-223 240449 605455 239 132 -55 225 11 14 3.0 0.93 2.6 GURC25-223 43 50 7.0 0.43 6.0 GURC25-223 87 92 5.0 3.17 4.3 GURC25-224 240676 605401 245 108 -55 225 5 9 4.0 0.40 3.4 GURC25-224 80 82 2.0* 16.90 1.7 GURC25-224 98 97 2.0* 3.12 1.7 GURC25-225 240690 605347 237 120 -55 225 7 12 5.0 0.57 4.4 GURC25-226 240674 605333 251 108 -55 225 nsr GURC25-227 240397 605263 233 144 -55 225 0 6 6.0 0.83 5.1 GURC25-227 114 127 13.0 3.46 11.0 GURC25-228 240528 605258 256 108 -55 225 0 6 6.0 0.39 5.1 GURC25-228 69 74 5.0 12.65 4.3 GURC25-229 240496 605289 247 114 -55 225 0 17 17.0 2.16 14.5 GURC25-230 240573 605381 253 156 -55 225 pendingGURC25-231 240565 605358 224 160 -55 225 pendingGURC25-232 240599 605321 242 144 -55 225 pendingGURC25-233 240614 605341 249 120 -55 225 pendingGURC25-234 240647 605433 242 150 -55 225 pendingGURC25-235 240443 605385 242 144 -55 225 pending*Below Minimum Interval criteria NOT FOR DISSEMINATION IN THE UNITED STATES OR FORDISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Thor Explorations Ltd: Director & PDMR Dealing
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) ("Thor Explorations" or the "Company") announces that Adbro Limited of which the beneficial owner is Mr. Folorunso Adeoye, Non-Executive Director of Thor Explorations, purchased 306,818 Common Shares on 20 June, 2025. Adbro Limited retains a beneficial interest in 22,656,539 Common Shares, being the entirety of Mr. Folorunso Adeoye's holding in the Company, representing approximately 3.4% of the total issued share capital in the Company. For further information please contact: Thor Explorations Ltd Email: info@ Canaccord Genuity (Nominated Adviser & Broker)James Asensio / Henry Fitzgerald-O'Connor / Harry Rees Tel: +44 (0) 20 7523 8000 Hannam & Partners (Broker)Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou Tel: +44 (0) 20 7907 8500 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Said Izagaren Tel: +44 207 138 3203 Yellow Jersey PR (Financial PR) Charles Goodwin / Shivantha Thambirajah / Soraya JacksonTel: +44 (0) 20 3004 9512 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. NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Adbro Limited 2. Reason for the notification a) Position / status *Mr. Folorunso Adeoye, Non-Executive Director of Thor Explorations, is the beneficial owner of Adbro Limited b) Initial notification / amendment Initial notification 3. Details of the issuer , emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Thor Explorations Ltd b) LEI 213800AXZ8468CQYVT76 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrumentIdentification Code Common Shares of no par valueCA8851491040 b) Nature of the transaction(s) Purchase of Common Shares c) Price(s) and volume(s) Price(s) Volume(s) 77 Canadian cents 306,818 d) Aggregated information- Aggregated volume- Price Price(s) Volume(s) 77 Canadian cents 306,818 e) Date of the transaction June 20 2025 f) Place of the transaction Toronto Stock Exchange NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19-06-2025
- Business
- Zawya
Nigeria Gears Up to Unveil Mining Potential at African Mining Week
As Nigeria advances its mining ambitions through high-impact deals and project milestones, African Mining Week (AMW) – Africa's premier mining gathering, taking place October 1–3, 2025, in Cape Town – will feature a dedicated session on the country. The session will showcase current projects and opportunities, reinforcing Nigeria's position as an emerging mining hub. Public and private stakeholders are working to harness Nigeria's vast mineral wealth to diversify the economy and boost GDP. In April 2025, Nigeria signed a cooperation agreement ( with South Africa – the continent's leading mining nation – to promote investment, technology transfer and knowledge sharing. This partnership is expected to accelerate Nigeria's mining growth by drawing on South Africa's expertise and mature sector. On the ground, Titan Minerals Limited ( is leading exploration for phosphate in Sokoto, bitumen in Edo and Ondo and gold along the Schist Belt, while seeking partners to advance new gold, base metals and PGM deposits toward feasibility. Meanwhile, Thor Explorations ( launched underground drilling at its Segilola Gold Mine – Nigeria's first industrial gold operation – aiming to scale production to 85,000–95,000 ounces in 2025. Additionally, Nigeria resumed gold, lithium and copper exploration in Zamfara in early 2025, underscoring its drive to attract fresh investment. The country's mineral resources ( include 42.5 billion tons of probable bitumen (sixth-largest globally), 10.6 billion tons of limestone, 2.75 billion tons of coal, over 3 billion tons of iron ore and 21.4 metric tons of gold – offering significant investor opportunities. Together, these resources position Nigeria as a potential mining powerhouse capable of driving industrialization, creating jobs and delivering long-term economic growth. Against this backdrop, AMW 2025 provides an ideal platform for Nigeria to showcase its progress and engage investors to secure its role in Africa's mining future. The event will not only highlight key projects, but also foster dialogue on policy, infrastructure and partnerships needed to unlock the sector's full potential. With growing international interest, Nigeria is poised to position itself as a leading destination for sustainable mineral development. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
19-05-2025
- Business
- Yahoo
Why We Like The Returns At Thor Explorations (CVE:THX)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Thor Explorations' (CVE:THX) returns on capital, so let's have a look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Thor Explorations: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.48 = US$101m ÷ (US$279m - US$70m) (Based on the trailing twelve months to December 2024). Thus, Thor Explorations has an ROCE of 48%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 4.5%. Check out our latest analysis for Thor Explorations Above you can see how the current ROCE for Thor Explorations compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Thor Explorations for free. We're delighted to see that Thor Explorations is reaping rewards from its investments and is now generating some pre-tax profits. About five years ago the company was generating losses but things have turned around because it's now earning 48% on its capital. Not only that, but the company is utilizing 415% more capital than before, but that's to be expected from a company trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance. For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. Effectively this means that suppliers or short-term creditors are now funding 25% of the business, which is more than it was five years ago. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase. To the delight of most shareholders, Thor Explorations has now broken into profitability. And a remarkable 252% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Thor Explorations can keep these trends up, it could have a bright future ahead. If you want to continue researching Thor Explorations, you might be interested to know about the 2 warning signs that our analysis has discovered. If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
