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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development 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 approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Comment by DoumDiDoumon Dec 05, 2020 10:04am
168 Views
Post# 32043629

RE:RE:New Open Pit Strategy And Simple Maths

RE:RE:New Open Pit Strategy And Simple Maths
longagau2 wrote: Thanks Doum, your calculations make sense of both the "do the simple math" - eg multiply open pit component by 5 and the 500k ounces extra.  So we are going to see a new resource estimate of at least 2Moz.  I was hoping for 3Moz but let's see.


As Kevin stated during the interview, the stacked belts deeper below did not reveale all their mysteries... so hang on there and I think we will see this extra 1M ounce in 5 to 8 years from now.  And all this extra gold will be much cheaper to find/develop than if we go for it right now!

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