Signal Gold Inc. T.SGNL

Current Drilling Program drilling into known u/ g lode

[nozzpack]

The current drilling program of 4000 m is drilling the area west of pit #2 for 400 m
Depths will extend to 250 m.

It is already known from historic workings that there is an underground gold lode extending at least 400 meters west of pit #2 ....the same area currently being drilled.

This is clearly shown in chart #17 of the Corporate Presentation ......it is called the west block and is intersected by portal #4 over a wide area......So, there is a very high probability that they will find the shallow surface portion of this lode in the form of another oxide open pit.

Given that Dollivar Mountain workings ...farther west..is riddled with 8 more mine shafts, indicative of other underground lodes,,it's a fair bet that we shall find yet another oxide pit west of the current drilling program...


https://assets.website-files.com/625ef6598e554ef8a014fb7b/63b71ffa81f91d4db621cca3_SGNL%20Corporate%20Presentation%20Jan%202023-compressed.pdf

[GoldNHill]

Yes a better more current image... Page 17 shows what the future will be from a PIT and underground perspective...there are no historic workings west of Pit #2 except for Dolliver Mountain way out to the west as you meniton multiple shafts Portal #4 does NOT exist yet...it is a future proposed portal to mine the underground portion of exactly those resources I have been talking about (Mining

[nozzpack]

Thank you for that clarification . So, it's all sulphides including the dessiminated ore in the open pit which will be bulk mined ?

[GoldNHill]

The deposit is a saddle reef type deposit like those giant mines in Australia Bendigo and Ballarat...they go really deep and have very high grades underground...probably not unlike Goldboro (TO BE DETERMINED OVER THE NEXT SEVERAL DECADES). The gold grains are very fine to coase grained (up to several ounces according to historical records from the Boston Richardson mine).  I have seen gold

[nozzpack]

Thank you again. I own gold investments in Australia and elsewhere where open pits are oxide gold. So, surprising but now understandable that temperatures are too low for significant  oxidation to occur in Nova Scotia.