Following two months of ramp-up, business manufacturing has been achieved at Thor Explorations‘ (TSXV: THX) wholly owned Segilola gold mine in Nigeria.
Segilola, positioned in Osun state, was thought of Nigeria’s most superior gold mission with complete possible reserves of 517,800 gold ounces grading 4.02 grams gold per tonne, and now turns into the nation’s first ever business gold mine.
The open-pit mine — which poured its first gold in late July — is working on the goal every day manufacturing charge, with roughly 90,000 tonnes of mineralized materials mined to the top of the third quarter, Thor stated.
Along with this, two ore zones have been ready for graduation of higher-grade direct tip operation in October.
“The mining fleet has been absolutely commissioned and mine manufacturing has continued by means of the moist season, with notably heavy rainfall in September, which is now subsiding as we method the dry season which generally runs from late October to early March,” Thor acknowledged in a information launch.
The method plant can be constantly working in-line with its design throughput capability of 715,000 tonnes per yr, it stated.
Through the ramp-up, a variety of minor faults had been recognized together with a defective warmth exchanger on the mill and a defective valve, which was discovered to be limiting the efficiency of the gravity circuit. There have been additionally a variety of provide chain points regarding the provision of excellent high quality activated carbon.
All faults have been rectified by the EPC contractor and provide chain points have been resolved, the corporate stated.
Along with the flagship Segilola mine, the corporate holds a 70% financial curiosity within the Douta gold mission in southeastern Senegal and 100% of the Central Houndé mission in Burkina Faso.
The Africa-focused gold miner has a market worth of $162.1 million.