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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 yhzsailoron Jan 19, 2023 11:44pm
135 Views
Post# 35234817

RE:RE:RE:Technical merits of milling Goldboro ore at Point Rousse ..

RE:RE:RE:Technical merits of milling Goldboro ore at Point Rousse ..
yhzsailor wrote:
DoumDiDoum wrote:
nozzpack wrote:

Ok , I have provided the basic costs and the logistics in gross terms .

We seem to have some technical expertise on this Board who can provide the details of the 10,000 ton bulk sample several years ago.

In summary, todate ..

 Handymax ore carriers come in two bulk carrier sizes....28,000 tons and 58,000 tons.

Atlantic charter rates are currently $8000 per day.


These have 4 cranes whose loading capacity is 4000 tons per hour.....So, the smaller HandyMax can onload its full carrying capacity .


Water is too shallow within Country Harbour ok at the Mouth while waiting to receive ore.

So, barges will be needed to transport ore from landing to Carier.

What infrastructure was available to load the 10,000 ton bulk sample ?

Can a barge with a crane onload directly from the ore truck ?

Distance to East Open pit ....5km ?

I assume 10 trucks of 38 tons each making 10 return loads per day which is 3800 tons per day.

So, it would take about 9-10 days to load the barge ..

Hauling costs for Trucks?

Charter costs for the Barge ?

I figure about about 15 days return trip for the bulk carrier to Baie Verte so about 55,000 tons per month and about 150,000 tons per quarter  which is Pointe Rousse quarterly milling capacity.

Someone local needs to consider the logistics of this part of the trucking, stacking and on loading of ore to tidewater site.

Also dont know if suficient close drilling has been done in the first open pit to define the mining benches , so that mining can be surgically done to reduce dilution as must be the case for these vein based open pits.

Also possibility of high grading once the spatial high grade areas are defined by close drillied drilling.

Finally, if so Pine cove at goldboro pit grades would be able to produce maybe 25 000 ..35,000 ounce per year...
 

Does anyone know if the Pine Cove mill runs just two shifts per day or three shifts.

Once we gather sufficient scoping information , if affirmative , we can proceed on the proposal to toll mill Goldboro ore at Point Rousse as part of the spin out of the Point Rousse project to share holders on a 25/75 basis with Signal.

Lets get cracking on the trucking, stacking logistics and the best loading site for such...assume barges can access tidal shoreline ..

Who is in ?



Just one question before you(we) pass too much time on that proposal: what is your time estimate to put that in place? When do you think you'll be able to process ore with all the permits and logistics in place?


Ok, the phrase don't feed the trolls comes to mind, but since I'm the resident Sailor I'll feed him...

1. You cannot store, truck (conveyor would be better) all that ore to a barge without building a substantial jetty in Goldborough.

Use Google satellite view and rake a look at the wooden jetty that is there. It will not support the size of trucks. Load or volume of use.

2.To build a substantial jetty for the barge / mother ship concept you need land. So now you've got to convince locals to give up beautiful prime waterfront real-estate. More time and money.

3  Substantial jetties are FEDERALLY regulated and will require an federal Environmental assessment in a harbour in an area where there are many fishers who make their livelihood. They are going to get upset with any dredging, increased shipping traffic. Lots of time and money spent with consultants meetings locals, highly inefficient federal government agencies. Here is a link to the study for the Port Rousseau site https://iaac-aeic.gc.ca/050/evaluations/proj/80135

4. Weather. We get hurricanes noreasters, and all manner of nasty weather. That will add complexity to unloading barges into your bulk carrier. You pay by the day for the vessel sitting there...storms slow things down, they cause accidents. 

5. Trade within Canadian waters has to be conducted with Canadian crews and vessels, to Canadian safety standards. You  cannot just use a vessel of convenience between two Canadian Ports. More money, fewer vessels available. 

6. The port Rouse facility is designed for shipping materials out, not to receive them from a ship and move them inland to a mill... so that entire facility needs to be redesigned. More money, more time. How does newfoundland environmental ministry feel about creating tailings from NS Rock which tends to have lots of pyhrritic slate which when exposed to Rain Generates acid run off.... 

7. We need social license  to operate. Conveyor belts, ships, storage facilities all continuously make noise right in the area where people live. The mine site is quite a bit back (3-5km) from residents, and a mill site can be situated on land closer to pits and reduce impact on residents 

Barges, ships, etc. It is all overly complicated. 

Just build or move the mill.



I forgot to add, do you think the NS provincial government will be  happy to lose the jobs a mill will bring to the country with the highest unemployment rate and smallest tax base? I'd demand a higher royalty in compensation. 

I have built a nearly seven figure quantiry of shares in this company over 10 years because I know there is gold in the ground someone will want. In that same period I also built and sold my own company. I know what it takes. Give it time, let the people who know what they are doing do it.

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