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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

Post by Lotharon Sep 22, 2023 8:33pm
276 Views
Post# 35650306

"Where gold abounds so do rumours,...

"Where gold abounds so do rumours,......the converse is rarely true."
-Deadwood

This nugget from the Orex Wikipedia page:

Reliable production figures are only available for the Boston Richardson belt. From 1893 to 1912 mine production was recorded as 414 887 short tons grading 0.132 Oz/T (376 383 tonnes grading 4.53 g/t Au) for a total production of 54 871 ounces of gold. The head grade was estimated to be considerably higher at 6.8 g/t Au but poor technology at the time resulted in the lower recovered grade.[66] Anecdotal reports from the descendants of former miners indicate that a certain amount of loss due to theft occurred. This is possible due to the nugget nature of the gold found in the belts. It has been said that a lot more gold was taken out of the belts than was officially reported. Some claim that some mining families never worked for many decades following the closure of the mines yet always had money to spend.

Gotta wonder if Kevin slipped that in himself!

That being said, with the nugget effect I believe your average sampled grade should only asymptotically approach your true grade as sample size increases.

-L




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