Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Gold Industrial Metals & Minerals

Signal Gold Inc. is a Canada-based gold development and exploration company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.

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Signal Gold Inc > News: 6M Financing

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Comment by GoldNHillon Apr 28, 2021 9:31pm

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RE:RE:News: 6M Financing

They must have a BIG plan to move something forward in a hurry as yes they seem to indicate they were fully funded for all planned work. May 20 closing...that is quick...insider participation (I like that) and $6 mill can go a long way...maybe Tilt Cove hit and BIG drill program coming or drilling the heck out of Goldboro to bring inferred resources in pit to indicated/measured. Pit #3 drilling west of pipeline at Goldboro. We should hear something about the plan...a bit of a suprise for sure....got to be a good reason.

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