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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 Jun 23, 2021 9:17am
140 Views
Post# 33433469

RE:PAE: Kevin Thoughts

RE:PAE: Kevin ThoughtsIts pretty good.

A negative aspect is the short mine life of the open pit phase.
Open pit mining, as the Goldboro details show, is simple and less expensive than underground mining.

On the positive side, the deposit remains open, so there is potential to expoand the open pit mine life to peer levels above 10 year LOM.

For comparsion, see the Valentine Lake PEA.

Nevertheless, a very good start to what in all probability will be a very profitable new gold mine in NS.
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