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Signal Gold Inc T.SGNL

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 DoumDiDoumon Sep 12, 2023 5:07pm
268 Views
Post# 35632510

RE:Drill results ??????

RE:Drill results ??????
shiftyone wrote: Were these good results?

Of almost 4000 meters drilling, they have about 20 meters total that would be feasible.

When they use a cut-off of 2.6 grams/tonne for open pit mining.  Is that an average that they need?
Because if you have to move 100 tonnes of rock to get to one 0.5 meter vein, does it make economic sense.

The news release is a bit confusing.  It talks about holes that had no significant reserves so they were not reported.   They have almost 4000 meters drilled.  They show the results from about 1800 meters.

Is open pit mining feasible if there is one vein 300 feet in the ground that has good results?

I'm trying to figure this stuff out.

I don't think that the results were good.   So I will encourage goldnhill to educate me.

OMG. I was wondering when you would come out and how "bad" you would post about those results.

2.6 gram per ton is not the cut/off grade for open pit mining : it's the average grade we will get from the first two pits (which is quite high!)!  The cut-off grade is 0.45 g/t... how is that "educating" you?  Again, hitting your credibility...

I'm not suprised you're not happy with those results as your goal if for the company to fail. (sigh)
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