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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Metals & Mining Gold Industrial Metals & Minerals
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

Signal Gold Inc > News: Upsize Of The Financing To $6M
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Comment by longagau2on Jun 05, 2022 12:07pm
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Post# 34732488

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News: Upsize Of The Financing To $6M

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News: Upsize Of The Financing To $6M
If RECOVERY is 4g/t and they can put through the 120,000 tonnes of ore through the mill in a quarter (typical 2019/2020 quarterly mill throughput) then Pine Cove mill would produce 15,000+ ounces PER QUARTER. I don't know if 4g/t is actual or sustainable and if sustainable for how long but shows the real potential of the operation if high grade ore can be put through the mill!!!
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Dealroom for high-potential pre-IPO opportunities