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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 Jan 13, 2022 12:51pm
225 Views
Post# 34313326

RE:News: Drill Results From Goldboro

RE:News: Drill Results From GoldboroIf one just takes the sample results from the title of the PR only and does a quick caluclation to determine what sort of dollar value this new drilling brings (if consistent over the 200m section)...so yes a rough estimate

2.73 grams over 6.5 meters
2.73 g/t  x 6.5 meters wide x 200 meters long X 20 meters high X 2.84 specific gravity of rock X 73 dollars per gram = 14.7 million dollars

4.57 g/t over 3.0 meters
4.57 g/t x 3.0 meters wide x 200 meters long X 20 meters high X 2.84 specific gravity of rock X 73 dollars per gram = 11.4 million dollars

14.7 + 11.4 million = $26.1 million dollars - not bad!



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