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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 GrumpyInvestoron May 23, 2021 9:33pm
152 Views
Post# 33256151

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

RE:RE:RE:RE:RE:RE:RE:RE:Weekly StatsI would be very suprised (and disappointed) if the PEA is not published in June. Kevin never gave us any reason to think it could be delayed.

As for the mill capacity, I have the same feeling as DDD that the PEA will be constructed around the 4 ktpd, as that fits the 150 000 oz mid term target AND the 250 000 oz long term target. If you run a 4 ktpd mill for a year with 1g/t ore, you get a maximum of 47 000 oz (4000g x 365 days / 31 gram per ounce). So, with the projected grade of 2,81 g/t for the open pit at Goldboro, you could get 130 000 oz to add to the 20 000 that should come out of Point Rousse (with the better grades to come). After a few years, they will transition to the underground portion at Goldboro, and that can take the production over the 250 000 oz mark for Golboro alone, considering a grade of around 6 g/t. Without even considering eventual potential M&A’s.


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