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Signal Gold Inc ANXGD


Primary Symbol: T.SGNL

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

Post by longagau2on Apr 25, 2021 11:11pm
263 Views
Post# 33064833

Mill throughput for PEA calculation

Mill throughput for PEA calculationAll the indications (interview, some notes in the resource estimate) suggest a 4000 tpd mill rate for the goldboro mill.  This results in a rough estimate of 100 000 ounces per year production.  With 3Moz known in the ground, and likely  5+Moz that will be found once dolliver mountain and east goldbrook are fully known, the life of mine would be 30-50+ years.  This doesn't really make sense to me in the long run, as most mines are built out for around 10 years of production.  However, keeping it under 5000 tpd makes it a provincial permit which is much easier than a federal permit.  With that being said, given the size of the current deposit, and the likely size of the whole deposit, wouldn't it make more sense to have a 10,000+tpd mill?  This would further reduce the already super low AISC, drive production up to 200,000+ oz per year and also make it more attractive to the majors for a takeover and bring it down to a mine life of 15 years or so.  I sure hope they include the calculation for a 10,000+tpd mill in the PEA, even if they do not have intention to build it at that level, to make it more attractive to investors, majors, etc.  As well, I hope they build it out so that it can be expanded to meet this level of production.  Am I missing something here, or is this making sense?
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