Post by
shiftyone on Apr 16, 2024 4:09pm
Not much excitement over the news of new drilling.
Partially it could be because of the wording.
It says that they "will" initiate further exploration drilling on the western extension. It gives no timeframe.
Last year, on March 23, 2023, they had a release that stated they "initiated further drilling to follow up on discovery west". So at that point it was already initiated. And it was months before they had a drill in the ground.
So if now, they are still at the point that they "will" initiate further exploration drilling. What does that mean in terms of timeframes?
Comment by
GoldNHill on Apr 16, 2024 4:27pm
Planning drill locations for key targets takes time. Getting permits to do the actual drilling can take even more time (months based on my experience) to get from the Nova Scotia Government. They have kicked off the process... I am keen to see a new resource published as we have a lot more ounces in the ground to report.
Comment by
shiftyone on Apr 16, 2024 4:47pm
I guess in conclusion to your post. That means it could be months before they start drilling. Months of drilling then a couple of months waiting for results. So no drill results until the fall. That I think is why there was no excitement with the release. Best of luck with this and all your investments.
Comment by
Rogg47 on Apr 16, 2024 5:04pm
EVERYTHING is soooo long with SGNL, soooo ridiculous!!.... Still wondering who's selling massively lately after the "ackward" twitt??...