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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 GoldNHillon Jan 08, 2023 10:13am
147 Views
Post# 35209530

RE:RE:Will we have a Pit #3?

RE:RE:Will we have a Pit #3?Just painting a picture of the fact that the deposit presents great resource continuity. 

One cannot have a mine if the resource is not continuous

Quartz belts in and below the two currently defined pits consistently present resource grade material from surface down plunge to the deepest intersections of those quartz belts.

The Boston Richardson mine itself is the best example where the old timers started mining the one quartz belt from surface and chased it down plunge to 750feet below ground before getting flooded out (could not pump normal water inflow out of the mine).  In the 1980s the Boston Richardson belt was drilled from the East Goldbrook area and intersected carrying good grades at ~1200 feet...it still going and can be mined again if Signal goes that deep underground mining.

In the current drill area we do not know what is there... the gold could die out or get offset by a fault...who knows....that is why we drill.  Yes I am hoping it continues.

The deposit shows great continuity where we have lots of drill holes and Dolliver says there is more of the same resource material way out on the western section of the claim
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