Signal Gold Inc T.SGNL

Latest Press Release - Hello PIT #3

[GoldNHill]

Great numbers!!!

For me the long section image (Exibit C) in the press release tells a BIG STOREY

• This recent drilling has identified the extensions of the known near surface Mineralized Zones (quartz belts - under the West Pit #2).
  • The deposit has not changed in its behavior...the mineralized stacked quartz belts continue to the west.
• The recent drilling has identified NEW Mineralized Zones at depth
  • These New Mineralized Zones should continue to plunge upward to the West in he area where I suspect the next round of drilling will take place.

This deposit continues to grow!!  Remember Kevin in the recent interview did say there was potential for 5 million ounces...I say yes easily and 10 million ounces is possible (I have said that before), but will not be proven in the near future unless they announce a hugh drill program to drill a LOT of holes and deep!  One step at a time.

We should have another press release with the last 800 or so meters of drilling.  Hopefully more of the same....MORE GOLD.

Hope they will attract some buyers at the upcoming BMO Conference...Continued selling is a head scratcher!

[longagau2]

There was gold in every drill hole, all 15.  5 million ounces and goldboro pops up on the radar of the majors.  I'm not sure if there are more results to come or not.  I remember Kevin saying they didn't do as much drilling as they originally set out to do.  Would be really nice though.   

[GoldNHill]

The plan was for 4000m...they drilled about 3600m so says Kevin in the recent interview.  10% less than planned due to expense of the swamp mats required in latest drilling. The PR says...."The growth exploration program, comprised of 2,870 metres in 15 drill holes of diamond drilling, has successfully discovered continued gold mineralization" So that leaves about 800 more meters

[nozzpack]

This was not an unexpected result as most of these veins outcrop to the surface towards the west and there were updiping veins towards the western extremity of pit #2 that would account for todays results. The market hardly noticed these results. One must wonder why. Anyone looking at these narrow veins would wonder at the dilution factor used to estimate Gold Resources in the FS. It