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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 shiftyoneon Apr 16, 2024 4:44pm
238 Views
Post# 35992356

RE:RE:Not much excitement over the news of new drilling.

RE:RE:Not much excitement over the news of new drilling.Planning drill locations for key targets takes time.  Getting permits to do the actual drilling can take even more time (months based on my experience) to get from the Nova Scotia Government.

They have kicked off the process...

I am keen to see a new resource published as we have a lot more ounces in the ground to report.

-----------------

Thank you GNH.

Planning drilling targets will take time as you state. How long would that planning take?  I would have expected that they have been working on planning the targets for months now.   They did the flow through financing, so we knew drilling would be coming.

Getting permits to do the actual drilling can take months you say.  Does that mean we can expect to wait months before they get the permits?  

I thought the coloured picture shows the area the plan to drill is west of the two known pits, in an area that they have already drilled several holes.  Do they require new permits to drill in the same area?  I didn't know that.

They have kicked off the process?  Did they really?  The news release states that they "will" initiate the process.

A new resource report would be great to see.  To perhaps turn some of the inferred into resources.  The last time I heard them mention they were going to do that was on Feb 6, 2023.  Have you heard anything since about that?
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