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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Comment by GoldNHillon Oct 19, 2024 10:01am
84 Views
Post# 36272945

RE:RE:Kitco Video interview on merger today

RE:RE:Kitco Video interview on merger todayNow that is a serious drill program 40,000 meters...EXCELLENT!

It does make a statement....they are serious and finally someone that has that trained eye to know that Goldboro can and WILL BE MUCH LARGER than 3.1 million ounces.  After this 40K of drilling, I say they will be close to 4.5 million ounces, maybe more depending on drill targets selected with 40,000meter program.  Infill drilling and maybe a few deeper holes to check out continuity at depth of a couple of their best underground targets (500-600m deep)??

The updated Feasibility Study will be another shocker as they have a couple years of drilling that is not in any Resource calculation/Fesibility Study...and add to that another 40,000 meters...going to open a LOT of eyes...can't wait.

The planners of this merger must be resting easy now that Signal has signed (pending vote)...what a sweet deposit to add to Golaith...

IMHO...Goldboro will be mined first...better grades and a bit further advanced than Goliath...mid year 2025 for a constuction decision.

Feeling better about this deal as Goldboro is getting the attention it deserves...let's blow it up.

Still waiting for field season exploration results...bring on some new Beastly discoveries.
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