# Thor Explorations Announces Q3 2025 Operating Update

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76

Original source: https://money.tmx.com/en/quote/THX/news/6529803015953313/thor-explorations-announces-q3-2025-operating-update

Publisher: tmx

Original announcement: 2025-10-15T06:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Thor Explorations Ltd.

- Ticker: THX

- Exchange: TSX

- Region: Nigeria

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Production, Metallurgy

- Extracted: 2026-09-15 03:11:57 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Thor Explorations reported strong Q3 2025 operating results from its Segilola Gold mine in Nigeria, including 22,617 ounces of gold poured and a high process plant recovery of 94.3%. The company also announced new drill results from Segilola, with several significant gold intercepts up to 17.86 g/t Au over 1.8m true width, and provided updates on exploration activities across its West African portfolio. Production guidance for FY 2025 remains on track, and the company plans future resource updates for its Douta and Guitry projects.

Reasoning: The document reports strong Q3 production figures and high recovery rates, indicating solid operational performance. New drill results from Segilola include several high-grade intercepts, although a significant number are below typical economic thresholds for orogenic gold. The company is also advancing exploration across its portfolio and maintaining its FY2025 guidance.

- Positive factor: Strong Q3 production performance, on track for annual guidance

- Positive factor: High process plant recovery of 94.3%

- Positive factor: Several strong and moderate grade gold intercepts from Segilola drilling

- Positive factor: True width disclosed for all drill intercepts

- Positive factor: QA/QC procedures reviewed by a Qualified Person

- Positive factor: Expansion of exploration activities in Senegal and Côte d'Ivoire

- Negative factor: Many drill intercepts are below weak grade thresholds for orogenic gold

- Negative factor: No explicit mention of laboratory certification for assays

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 48

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release states that Alfred Gillman, a Qualified Person, reviewed and approved the content, including QA/QC, sampling, analytical, and test data.

Evidence · text

> 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.

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: All reported drill intercepts include a 'True Width \(m\)' column, indicating the actual thickness perpendicular to the structure.

Evidence · table

> True Width \(m\)

Context: Hole ID

**Cut-off Disclosed**

Polarity: positive

Story-specific tag

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The drill results table explicitly states the cut-off grade and internal dilution rules used for reporting significant intersections.

Evidence · table

> &gt;3gram-metres, 0.5g/tAu cut off, Min. length 0.5m, Max. internal dilution 1m

Context: Table 3: Significant Drillhole Intersections

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The company states that drilling at Segilola has continued, providing further support to its geological model and successfully intersecting high-grade, mineable intersections beneath the current open pit design.

Evidence · text

> Drilling at Segilola has continued, providing further support to our geological model. We successfully drilled several high grade, mineable intersections beneath the current open pit design.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drilling program is planned to target the potential extension of mineralisation, both in the north and the south, at greater depth where mineralised shoots continue to be defined and remain open at depth.

Evidence · text

> The drilling will continue through the year and is planned to target the potential extension of mineralisation, both in the north and the south, at greater depth where mineralised shoots continue to be defined and remain open at depth.

## Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

## Drill Results (34)

### SNMDD062

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-14)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD062
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 9.71
- Grade Unit: g/t
- Intercept: 1.4 m
- True Width: 0.9 m
- From: 240.6 m
- To: 242 m
- Hole Depth: 272 m
- Intercept Depth: 240.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD062:240.6-242
- Mining Method: underground

#### Location

- Easting: 4092
- Northing: 11784
- Elevation: 326 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A strong grade intercept, but the narrow true width results in a low grade-thickness product, limiting its overall materiality.

- Positive factor: Strong grade for orogenic gold

- Positive factor: True width disclosed

- Negative factor: Low grade-thickness product

Evidence · table

> 9.71

Context: 1.4

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD063

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-15)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD063
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.84
- Grade Unit: g/t
- Intercept: 0.9 m
- True Width: 0.8 m
- From: 292.5 m
- To: 293.4 m
- Hole Depth: 316 m
- Intercept Depth: 292.5 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD063:292.5-293.4
- Mining Method: underground

#### Location

- Easting: 4049
- Northing: 10834
- Elevation: 359 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.84

Context: 0.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD063

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-16)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD063
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.02
- Grade Unit: g/t
- Intercept: 1.1 m
- True Width: 1 m
- From: 296.9 m
- To: 298 m
- Hole Depth: 316 m
- Intercept Depth: 292.5 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD063:296.9-298
- Mining Method: underground

#### Location

- Easting: 4049
- Northing: 10834
- Elevation: 359 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 2.02

Context: 1.1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD064

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-17)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD064
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.67
- Grade Unit: g/t
- Intercept: 1.55 m
- True Width: 1.2 m
- From: 163 m
- To: 164.5 m
- Hole Depth: 209 m
- Intercept Depth: 163 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD064:163-164.5
- Mining Method: underground

#### Location

- Easting: 4158
- Northing: 10611
- Elevation: 315 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.67

Context: 1.55

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.2

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD064

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-18)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD064
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.74
- Grade Unit: g/t
- Intercept: 2.25 m
- True Width: 1.7 m
- From: 179 m
- To: 181.3 m
- Hole Depth: 209 m
- Intercept Depth: 163 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD064:179-181.3
- Mining Method: underground

#### Location

- Easting: 4158
- Northing: 10611
- Elevation: 315 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.74

Context: 2.25

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.7

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD064

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-19)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD064
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.05
- Grade Unit: g/t
- Intercept: 2.3 m
- True Width: 1.8 m
- From: 187.7 m
- To: 190 m
- Hole Depth: 209 m
- Intercept Depth: 163 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD064:187.7-190
- Mining Method: underground

#### Location

- Easting: 4158
- Northing: 10611
- Elevation: 315 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.05

Context: 2.3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD067

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-20)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD067
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.83
- Grade Unit: g/t
- Intercept: 1.45 m
- True Width: 1.3 m
- From: 284.6 m
- To: 286 m
- Hole Depth: 305 m
- Intercept Depth: 284.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD067:284.6-286
- Mining Method: underground

#### Location

- Easting: 4040
- Northing: 10976
- Elevation: 362 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.83

Context: 1.45

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD067

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-21)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD067
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.96
- Grade Unit: g/t
- Intercept: 4.4 m
- True Width: 3.9 m
- From: 287.6 m
- To: 292 m
- Hole Depth: 305 m
- Intercept Depth: 284.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD067:287.6-292
- Mining Method: underground

#### Location

- Easting: 4040
- Northing: 10976
- Elevation: 362 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, but the reasonable true width results in a moderate grade-thickness product.

- Positive factor: True width disclosed

- Positive factor: Moderate grade-thickness product

Evidence · table

> 2.96

Context: 4.4

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 3.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD068

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-22)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD068
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 4.61
- Grade Unit: g/t
- Intercept: 4.85 m
- True Width: 4.3 m
- From: 306 m
- To: 310.9 m
- Hole Depth: 338 m
- Intercept Depth: 306 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD068:306-310.9
- Mining Method: underground

#### Location

- Easting: 4000
- Northing: 11089
- Elevation: 366 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A moderate grade intercept with good true width, resulting in a moderate grade-thickness product, indicating good materiality.

- Positive factor: Moderate grade for orogenic gold

- Positive factor: True width disclosed

- Positive factor: Moderate grade-thickness product

Evidence · table

> 4.61

Context: 4.85

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 4.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD070

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-23)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD070
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 7.48
- Grade Unit: g/t
- Intercept: 1.4 m
- True Width: 1.1 m
- From: 191.6 m
- To: 193 m
- Hole Depth: 227 m
- Intercept Depth: 191.6 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD070:191.6-193
- Mining Method: underground

#### Location

- Easting: 4090
- Northing: 11694
- Elevation: 327 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A strong grade intercept, but the narrow true width results in a low grade-thickness product, limiting its overall materiality.

- Positive factor: Strong grade for orogenic gold

- Positive factor: True width disclosed

- Negative factor: Low grade-thickness product

Evidence · table

> 7.48

Context: 1.4

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD072

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-24)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD072
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 3.51
- Grade Unit: g/t
- Intercept: 2.1 m
- True Width: 1.9 m
- From: 146.9 m
- To: 149 m
- Hole Depth: 188 m
- Intercept Depth: 146.9 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD072:146.9-149
- Mining Method: underground

#### Location

- Easting: 4155
- Northing: 10669
- Elevation: 322 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, with a low grade-thickness product, indicating limited materiality.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

- Negative factor: Low grade-thickness product

Evidence · table

> 3.51

Context: 2.1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD072

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-25)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD072
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.16
- Grade Unit: g/t
- Intercept: 1 m
- True Width: 0.9 m
- From: 168 m
- To: 169 m
- Hole Depth: 188 m
- Intercept Depth: 146.9 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD072:168-169
- Mining Method: underground

#### Location

- Easting: 4155
- Northing: 10669
- Elevation: 322 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.16

Context: 1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD072

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-26)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD072
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.76
- Grade Unit: g/t
- Intercept: 3 m
- True Width: 2.6 m
- From: 171 m
- To: 174 m
- Hole Depth: 188 m
- Intercept Depth: 146.9 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD072:171-174
- Mining Method: underground

#### Location

- Easting: 4155
- Northing: 10669
- Elevation: 322 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.76

Context: 3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.6

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD072

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-27)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD072
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.73
- Grade Unit: g/t
- Intercept: 1 m
- True Width: 0.9 m
- From: 176.4 m
- To: 177.4 m
- Hole Depth: 188 m
- Intercept Depth: 146.9 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD072:176.4-177.4
- Mining Method: underground

#### Location

- Easting: 4155
- Northing: 10669
- Elevation: 322 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.73

Context: 1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD073

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-28)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD073
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.91
- Grade Unit: g/t
- Intercept: 2 m
- True Width: 1.8 m
- From: 304 m
- To: 306 m
- Hole Depth: 329 m
- Intercept Depth: 304 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD073:304-306
- Mining Method: underground

#### Location

- Easting: 4025
- Northing: 10932
- Elevation: 362 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.91

Context: 2

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD073

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-29)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD073
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.82
- Grade Unit: g/t
- Intercept: 1.55 m
- True Width: 1.4 m
- From: 307.3 m
- To: 308.9 m
- Hole Depth: 329 m
- Intercept Depth: 304 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD073:307.3-308.9
- Mining Method: underground

#### Location

- Easting: 4025
- Northing: 10932
- Elevation: 362 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, with a low grade-thickness product, indicating limited materiality.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

- Negative factor: Low grade-thickness product

Evidence · table

> 2.82

Context: 1.55

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.4

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD076

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-30)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD076
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.87
- Grade Unit: g/t
- Intercept: 3 m
- True Width: 2 m
- From: 244 m
- To: 247 m
- Hole Depth: 302 m
- Intercept Depth: 244 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD076:244-247
- Mining Method: underground

#### Location

- Easting: 4118
- Northing: 10711
- Elevation: 341 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, with a low grade-thickness product, indicating limited materiality.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

- Negative factor: Low grade-thickness product

Evidence · table

> 2.87

Context: 3

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD079

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-31)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD079
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 0.65
- Grade Unit: g/t
- Intercept: 1 m
- True Width: 0.8 m
- From: 248.1 m
- To: 249.1 m
- Hole Depth: 296 m
- Intercept Depth: 248.1 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD079:248.1-249.1
- Mining Method: underground

#### Location

- Easting: 4082
- Northing: 10780
- Elevation: 355 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 0.65

Context: 1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD079

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-32)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD079
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 10.4
- Grade Unit: g/t
- Intercept: 2.2 m
- True Width: 1.8 m
- From: 271.7 m
- To: 273.9 m
- Hole Depth: 296 m
- Intercept Depth: 248.1 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD079:271.7-273.9
- Mining Method: underground

#### Location

- Easting: 4082
- Northing: 10780
- Elevation: 355 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A strong grade intercept with good true width, resulting in a moderate grade-thickness product, indicating good materiality.

- Positive factor: Strong grade for orogenic gold

- Positive factor: True width disclosed

- Positive factor: Moderate grade-thickness product

Evidence · table

> 10.40

Context: 2.2

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD079

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-33)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD079
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.07
- Grade Unit: g/t
- Intercept: 1 m
- True Width: 0.8 m
- From: 281 m
- To: 282 m
- Hole Depth: 296 m
- Intercept Depth: 248.1 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD079:281-282
- Mining Method: underground

#### Location

- Easting: 4082
- Northing: 10780
- Elevation: 355 m
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 2.07

Context: 1

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD029

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-34)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD029
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.87
- Grade Unit: g/t
- Intercept: 2.6 m
- True Width: 2.1 m
- From: 223.4 m
- To: 226 m
- Hole Depth: 270 m
- Intercept Depth: 223.4 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD029:223.4-226
- Mining Method: underground

#### Location

- Easting: 4083
- Northing: 11757
- Elevation: 328 m
- Azimuth: 90 °
- Dip: -67 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.87

Context: 2.6

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD031

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-35)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD031
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 3.13
- Grade Unit: g/t
- Intercept: 1.8 m
- True Width: 1.5 m
- From: 47.8 m
- To: 49.6 m
- Intercept Depth: 47.8 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD031:47.8-49.6
- Mining Method: underground

#### Location

- Easting: 4272
- Northing: 10304
- Elevation: 292 m
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, with a low grade-thickness product, indicating limited materiality.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

- Negative factor: Low grade-thickness product

Evidence · table

> 3.13

Context: 1.8

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.5

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD032

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-36)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD032
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 3.22
- Grade Unit: g/t
- Intercept: 1.9 m
- True Width: 1.6 m
- From: 33.1 m
- To: 35 m
- Intercept Depth: 33.1 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD032:33.1-35
- Mining Method: underground

#### Location

- Easting: 4289
- Northing: 10358
- Elevation: 307 m
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, with a low grade-thickness product, indicating limited materiality.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

- Negative factor: Low grade-thickness product

Evidence · table

> 3.22

Context: 1.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.6

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD038

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-37)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD038
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.9
- Grade Unit: g/t
- Intercept: 2.9 m
- True Width: 2.4 m
- From: 274 m
- To: 276.9 m
- Hole Depth: 305 m
- Intercept Depth: 274 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD038:274-276.9
- Mining Method: underground

#### Location

- Easting: 4040
- Northing: 11710
- Elevation: 346 m
- Azimuth: 90 °
- Dip: -66 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.90

Context: 2.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.4

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD045

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-38)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD045
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 4.8 m
- True Width: 3.9 m
- From: 305.2 m
- To: 310 m
- Hole Depth: 326 m
- Intercept Depth: 305.2 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD045:305.2-310
- Mining Method: underground

#### Location

- Easting: 4067
- Northing: 10806
- Elevation: 357 m
- Azimuth: 91 °
- Dip: -65 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.17

Context: 4.8

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 3.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD048

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-39)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD048
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 1.9 m
- True Width: 1.7 m
- From: 300 m
- To: 301.9 m
- Intercept Depth: 300 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD048:300-301.9
- Mining Method: underground

#### Location

- Easting: 4047
- Northing: 10866
- Elevation: 359 m
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 2.00

Context: 1.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.7

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD053A

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-40)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD053A
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 5.41
- Grade Unit: g/t
- Intercept: 1.8 m
- True Width: 1.3 m
- From: 260.7 m
- To: 262.5 m
- Hole Depth: 290 m
- Intercept Depth: 260.7 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD053A:260.7-262.5
- Mining Method: underground

#### Location

- Easting: 4078
- Northing: 11755
- Elevation: 328 m
- Azimuth: 91 °
- Dip: -74 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A moderate grade intercept for orogenic gold, but the narrow true width results in a low grade-thickness product.

- Positive factor: Moderate grade for orogenic gold

- Positive factor: True width disclosed

- Negative factor: Low grade-thickness product

Evidence · table

> 5.41

Context: 1.8

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD056

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-41)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD056
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 3.55 m
- True Width: 2.9 m
- From: 291.8 m
- To: 295.4 m
- Hole Depth: 318 m
- Intercept Depth: 291.8 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD056:291.8-295.4
- Mining Method: underground

#### Location

- Easting: 4083
- Northing: 10769
- Elevation: 355 m
- Azimuth: 91 °
- Dip: -66 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.50

Context: 3.55

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD057

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-42)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD057
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 2.05
- Grade Unit: g/t
- Intercept: 2.7 m
- True Width: 2.5 m
- From: 286.5 m
- To: 289.2 m
- Hole Depth: 305 m
- Intercept Depth: 286.5 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD057:286.5-289.2
- Mining Method: underground

#### Location

- Easting: 4049
- Northing: 10859
- Elevation: 359 m
- Azimuth: 91 °
- Dip: -53 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 2.05

Context: 2.7

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.5

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD059

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-43)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD059
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 6
- Grade Unit: g/t
- Intercept: 5.9 m
- True Width: 4.7 m
- From: 291 m
- To: 296.9 m
- Hole Depth: 316 m
- Intercept Depth: 291 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD059:291-296.9
- Mining Method: underground

#### Location

- Easting: 4083
- Northing: 10774
- Elevation: 355 m
- Azimuth: 91 °
- Dip: -66 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A moderate grade intercept with good true width, resulting in a moderate grade-thickness product, indicating good materiality.

- Positive factor: Moderate grade for orogenic gold

- Positive factor: True width disclosed

- Positive factor: Moderate grade-thickness product

Evidence · table

> 6.00

Context: 5.9

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 4.7

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD060

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-44)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD060
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 1.14
- Grade Unit: g/t
- Intercept: 3.15 m
- True Width: 3 m
- From: 284 m
- To: 287.2 m
- Hole Depth: 302 m
- Intercept Depth: 284 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD060:284-287.2
- Mining Method: underground

#### Location

- Easting: 4044
- Northing: 10883
- Elevation: 360 m
- Azimuth: 91 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A low-grade intercept that is below the weak threshold for orogenic gold deposits, indicating limited economic significance.

- Positive factor: True width disclosed

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 1.14

Context: 3.15

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 3

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD060

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-45)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD060
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 12.48
- Grade Unit: g/t
- Intercept: 4.2 m
- True Width: 3.9 m
- From: 294.8 m
- To: 299 m
- Hole Depth: 302 m
- Intercept Depth: 284 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD060:294.8-299
- Mining Method: underground

#### Location

- Easting: 4044
- Northing: 10883
- Elevation: 360 m
- Azimuth: 91 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A strong grade intercept with good true width, resulting in a strong grade-thickness product, indicating high materiality.

- Positive factor: Strong grade for orogenic gold

- Positive factor: True width disclosed

- Positive factor: Strong grade-thickness product

Evidence · table

> 12.48

Context: 4.2

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 3.9

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD061

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-46)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD061
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 17.86
- Grade Unit: g/t
- Intercept: 2 m
- True Width: 1.8 m
- From: 195.5 m
- To: 197.5 m
- Hole Depth: 245 m
- Intercept Depth: 195.5 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD061:195.5-197.5
- Mining Method: underground

#### Location

- Easting: 4114
- Northing: 10725
- Elevation: 344 m
- Azimuth: 91 °
- Dip: -54 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: An exceptional grade intercept with good true width, resulting in a strong grade-thickness product, indicating high materiality.

- Positive factor: Exceptional grade for orogenic gold

- Positive factor: True width disclosed

- Positive factor: Strong grade-thickness product

Evidence · table

> 17.86

Context: 2

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.8

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

### SNMDD061

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-drill-facts-47)

Segilola Gold mine · gold

#### Identity

- Hole ID: SNMDD061
- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: nigeria
- Ticker: THX

#### Geometry

- Grade: 3.71
- Grade Unit: g/t
- Intercept: 4.46 m
- True Width: 4.1 m
- From: 222.1 m
- To: 226.6 m
- Hole Depth: 245 m
- Intercept Depth: 195.5 m

#### Classification

- Deposit Type: orogenic
- Program: mixed
- Sample Type: drill
- Group ID: SNMDD061:222.1-226.6
- Mining Method: underground

#### Location

- Easting: 4114
- Northing: 10725
- Elevation: 344 m
- Azimuth: 91 °
- Dip: -54 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 1 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: A weak grade intercept for orogenic gold, but the good true width results in a moderate grade-thickness product.

- Positive factor: True width disclosed

- Positive factor: Moderate grade-thickness product

- Negative factor: Grade is below weak threshold for orogenic gold

Evidence · table

> 3.71

Context: 4.46

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 4.1

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

## Metallurgical Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-q3-2025-operating-update--1319d260-5ea8-43d8-8077-7f3cf220cb76#fact-metallurgical-facts-6)

Segilola Gold mine · gold

#### Identity

- Project: Segilola Gold mine
- Commodity: gold
- Region: nigeria
- Reported Region: Nigeria
- Ticker: THX

#### Recovery

- Recovery: 94.3 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: High process plant recovery reported for Q3 2025, indicating efficient gold extraction.

- Positive factor: High process plant recovery

Evidence · table

> 94.3

Context: Recovery

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
