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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 May 05, 2023 12:30pm
332 Views
Post# 35433236

RE:SGNL and Sprott

RE:SGNL and SprottRegarding point 2.

Atlantic Gold had ~500,000 ounces at Touquoy and a grade less than 1.2g/t.
Goldboro has 1.1 million ounces in two pits...will probably be close to 1.3 when the new FS comes out this quarter and the grade is 2.26 g/t...no inferred numbers. 

Underground phase2 combined with pit they have 3.1 million economic ounces...this number will also grow as more holes are collared and deep reaches of Goldboro are explored...open at depth and West.

So just 6 times bigger than Atlantic Touquoy and twice the grade....that is why I have a pile of shares....takeover target for sure...I say 5 million ounces minimum and have said 10 million when all the drilling is done 15 years from now
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