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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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.


TSX:SGNL - Post by User

Comment by ggrelletteon Feb 22, 2021 2:08pm
132 Views
Post# 32627899

RE:Resource Estimate...WOW

RE:Resource Estimate...WOWThe news is excellent. Share price will go much higher from here over time. Just under 3 million ozs. in the MII categories. Additional drilling will drive it even higher. We could see 4 million ozs when the next drilling is done and the update gets done. This is shaping up to be a takeover target or production producer. Either way at 72 or 73 cents is absolutely undervalued and not from a speculation point of view. If it drops back under 70 cents and will be a buyer but I suspect that opportunity may not arise. Tomorrow will be the key if there is follow through on the buying. 
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