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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

Comment by longagau2on May 23, 2021 1:01pm
122 Views
Post# 33255430

RE:RE:RE:RE:RE:RE:Weekly Stats

RE:RE:RE:RE:RE:RE:Weekly StatsSome more details from that presentation:
1. Only an additional 3000m drill program at Goldboro will add to PEA/DFS, to convert about 50,000 Oz of inferred to measured and indicated for the open pit.
2. The DFS will use the numbers from the RE.
3. Large amount of gold under the pits which won't be drilled until later in mine life when they are nearing the bottom of the pits.

So, you are right in that it wouldn't make sense for such a big mill for just the open pit component of what they have and the 4ktpd will probably be the number in the PEA.   However, in the long run, it also doesn't make much sense to run the mine for 50 years at 4ktpd, especially when it is known that there are another 2 million ounces that will likely eventually come out as an open pit for the most part from what is known now and another 2-3 million ounces sitting to the west of the gas pipeline at Dolliver Mountain.
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