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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 nozzpackon Jun 23, 2021 9:17am
148 Views
Post# 33433469

RE:PAE: Kevin Thoughts

RE:PAE: Kevin ThoughtsIts pretty good.

A negative aspect is the short mine life of the open pit phase.
Open pit mining, as the Goldboro details show, is simple and less expensive than underground mining.

On the positive side, the deposit remains open, so there is potential to expoand the open pit mine life to peer levels above 10 year LOM.

For comparsion, see the Valentine Lake PEA.

Nevertheless, a very good start to what in all probability will be a very profitable new gold mine in NS.
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