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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 Benji 2000on Jul 10, 2024 11:47am
352 Views
Post# 36126394

Cost for drilling ????

Cost for drilling ????I don't know the price for drilling at Goldboro but here in Quebec it's about 150$/m. What is the cost in NS, Canada ????

This informationi came from ABI Abcourt Mines website (public) in january 2023...

1.7.4 Cost Estimate for Recommended Work As a guideline, the QPs have prepared a cost estimate for the recommended work program (Table 26-1). Expenditures are estimated at $4,650,000 (incl. 15% for contingencies).
Table 1-2 Estimated Costs for the Recommended Work Program
WORK PROGRAM BUDGET COST
Exploration and definition drilling (approx. 23,000 m at $150/m) $3,450,000
Implement a QA/QC data validation system $30,000
Channel sampling 3D localization $20,000
Preliminary economic assessment $400,000
Pre-feasibility study $750,000
Total $4,650,000
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