Thor Explorations Signs MOU for EPC at SegilolaSeptember 19, 2018
VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) — Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding with NORINCO International Cooperation Ltd (“NORINCO International”) to enter into an EPC contract on a comprehensive lump sum turnkey basis (“LSTK”) to build the required plant and associated infrastructure for the Company’s Segilola Gold Project in Nigeria (“The Project”).
Thor is currently undertaking a Definitive Feasibility Study (“DFS”) which will be compiled in accordance with the guidelines set out in Canadian National Instrument (“NI”) 43-101. The DFS is being prepared through the collaboration of a number of specialist consulting firms including Roscoe Postle Associates Inc., GR Engineering Services Limited, NORINCO International, Auralia Mining Consulting and Knight Piesold Consulting.
The Company expects to complete the DFS in Q4 2018, which will be supported by the EPC Turnkey Contract. The final terms of the EPC Contract are to be negotiated following the completion of the DFS.
Kairos Finds New Pilabara Gold ConglomeratesSeptember 13, 2018
Congratulations to one of our long-term clients Kairos Minerals, who today announced an exciting new chapter in the Pilbara conglomerate story after recovering 256 gold nuggets with a combined weight of 8.2oz at their Croydon Project. The nuggets, found utilising a metal detector, display the distinctive watermelon seed shape similar to those already uncovered in the area.
Auralia is proud to continue to provide our technical expertise in consulting services to assist Kairos as they advance into their next development phase. If you’d like Auralia to add value to your project, please contact us via our website at www.auralia.net.au
For more information on the Kairos release, head to their website: www.kairosminerals.com.au
[Picture Credit: Kairos Minerals]
60% Increase In Lynas Ore ReservesSeptember 7, 2018
Congratulations to one of our long-term clients Lynas Corp for recently increasing their JORC 2012 compliant Ore Reserves to 19.2Mt@8.6% REO at their Mt Weld Rare Earth Project in WA. This represents a 60% increase over the 2015 Ore Reserve. Auralia is proud to have been a part of these Ore Reserve works since 2015 and wish Lynas all the best as they move on to the next phase of business development.
Throw Back ThursdaySeptember 6, 2018
TBT: Pictured – Auralia Mining Engineer Dennis Morrison in Turkey 2016 for one of our clients, Ariana Resources. What a stunning backdrop to enjoy dinner with!