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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Comment by nozzpackon Nov 11, 2020 4:34pm
188 Views
Post# 31879384

RE:RE:RE:RE:News: Further Drill Results From Goldboro

RE:RE:RE:RE:News: Further Drill Results From GoldboroVery nice calculations of value to ton of ore at these grades which are remarkable consistent with drill results reported todate.

Recall that the 2019 Resource estimate was 1.38 m ounces in all categories .
This was estimated with cutoff grades relative to a POG of $1350.

2020 drilling was both infill and extensional.

These along with a POG of $1850 , should advance most of the Inferred to the higher categories of Measured and Estimated while also adding more high grade ounces from extensional results in 2020.

So we are going to have a major impact on the feasability study.

We have just begun to see a little premium to the share price for Goldboro.

Much more is coming.
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