Signal Gold Inc T.SGNL

New Press Release - Signal Gold Intersects Further High-Grade Gold at the Goldboro Project During Geotechnical Drilling, Including 23.85 g/t Gold Over 6.0 Metres

TORONTO, ON / ACCESSWIRE / October 12, 2023 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has received final assays for the recently completed geotechnical drill program at the Goldboro Project in Nova Scotia ("Goldboro", or the...read article.

[GoldNHill]

Projecting just the one best intercept over 100m, 20 meter height.   23.85 g/t over 6m comes out to approximately $70,000,000 of Canadian gold value.  Fantastic intersection!!! When the company updates the feasibility study for the two pits, they will easily be able to report $250,000,000+ more value in gold in the two pits. Let's get the financing and build the mine

[ThatsMyMoney]

Last paragraph: Signal Gold is focused on advancing the Goldboro Project in Nova Scotia. According to a feasibility study, the project has an 11-year open pit life of mine with an average gold production of 100,000 ounces per year and an average diluted grade of 2.26 g/t gold.  

[ThatsMyMoney]

... so we have to wait for an updated RE to see how the resource has changed.

[shiftyone]

GoldnHill How can you project this over 100m and 20 meter height? It does look like a nice hit for pit mining.  But that 6 meters really seems to have a couple of small half a meter veins.  still llooks nice. But where do you get your numbers from?  How do you figure a 20 meter height?  The drill must have started at the surface.  so do you suggest that they had those