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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 GoldNHillon Dec 16, 2021 12:49pm
167 Views
Post# 34237437

RE:The Beast Has Now 3M Ounces Of Proven Gold Under The Belt

RE:The Beast Has Now 3M Ounces Of Proven Gold Under The BeltThe BEAST at 3.065 million ounces is now 6 times larger than Atlantic Golds Touquoy Zone that got bought out for $2.80/share.

The BEAST will produce 10,000 more ounces per year than Atlantic Golds Touquoy Zone....got to LOVE that!

The BEAST is still open in all directions and most likely has another even larger open pit to exploit to towards Dolliver Mountain which should bring total resource counts to about 4.5 million, then much higher than that when deeper underground targets are drilled off.

ANX is currently working with the current landowners west of the pipeline to purchase their land to make future drilling on Pit 3 much easier (no more payments to landowners or asks for permissions to gain access to their lands to do ANY work).

Would be interesting if the company drew up a diagram to show the full potential of this type of saddle reef deposit.
They certainly know exactly what it looks like in Pit 1 and Pit 2 areas and they do know that the old Boston Richardson mine plunges down to the east to over 500 verticle meters deep (and probably continues deeper - like the other 70+ vein packages/belts identitied to date). 

Create a simple image to present to folks so they can understand the true potential of how big of a BEAST this deposit can actually be.  They know the Boston Richardson Belt is continuous from surface to 500+ meters deep...add 100+ belts (Pit 1, 2, 3) to that image and project some numbers so that folks can understand that YES this deposit (pit and moreso underground) can host more than 10million ounces...YES I said 10 million.

Let's get the promotion bandwagon wheels fixed - sheesh!
Blow it up...bring some jobs to the area...pour some bricks for 50+ years

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