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Bullboard - Stock Discussion Forum Signal Gold Inc T.SGNL

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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc > New reserves
View:
Post by Dipdip on Jun 07, 2023 3:17pm

New reserves

I was wondering if any members here would have an idea of timeframe to establish more proven and probable reserves in the area Signal is currently drilling . I believe results will continue to be positive in the area but was wondering if we're talking years or months.
Comment by shiftyone on Jun 07, 2023 5:37pm
It sounds by the last news release that everything is going to slow down and perhaps take longer than expected because of the week they were not allowed in the woods.
Comment by GoldNHill on Jun 07, 2023 9:23pm
I would say they would have some new resource numbers now for the new drilling west of pit2.  It is a matter of probably several months to get new holes and associated lab results entered into the 3D model database.  Once entered and models secured, the 3D model software can calculate the grades in each block defined by drilling and provide numbers in each category proven, probable ...more  
Comment by shiftyone on Jun 07, 2023 11:54pm
Are they actually drilling yet?  It's hard to tell by the releases. Good buy for you today.. the best I've seen announced since I strarted watching the board.   I think things will take longer than you think. A new PEA will not be pretty until they can announce much more resources is my opinion. Though they did say in Feb that they already had a lot of it done. I wish ...more  
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