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Bullboard - Stock Discussion Forum 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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc > 3.4 Kms of Underground Mining Potential
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Post by GoldNHill on Feb 08, 2024 9:46am

3.4 Kms of Underground Mining Potential

Once again...no big wide Open Pit drill intersections.

HOWEVER some good narrow vein high grade intersections!

We now have 3.4 kms of underground mining potential!!  It seems the market does not appreciate that and was looking for a Pit3 out west.

I am quite excited that we now have 3.4 kms of deeper material that can be extracted after the pits are being exhausted (11 years of Pit mining).

Let's get the permits and financing and start the open pit mining...use the Pit profits and go underground using the sons and daughter of the Open Pit miners.  Kevin has said this will be a generational mine and it will be. 

Exhibit D shows how hugh the underground mining will be...sad that the market do not see this.

Give us an updated resource estimate Kevin.
Comment by DoumDiDoum on Feb 08, 2024 9:55am
Thanks GoldNHill for your input! Yep, those exploration holes might not justify a third pit yet BUT at least we know that the current development plan submitted for pit 1 and 2 is still valid, meaning that we will not need to submit another plan requesting a larger tailing facility and submit another EA. As you said, get the ball rolling: pit 1 and 2 are enough to get going! GLTA
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