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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 09, 2023 9:21am
185 Views
Post# 35438201

RE:Price for Drilling ??

RE:Price for Drilling ??I drilled a few holes north of Goldboro over the past few years and yes, with drilling, mobilization, cost for drill bits, down hole alignment tests, pump and water line setup etc...150 per meter is about right.

Now for a larger drilling program the costs are reduced and a better price per meter is usually had as the drill is onsite and moves are short and you are drilling a pile of meters...so the economies of scale are in your favor in this situation.

Supply and Deman also factor into this as well...if all drills available are busy...gonna cost you more to get one...have seen that in the past as well.
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