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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 > Not much excitement over the news of new drilling.
View:
Post by shiftyone on Apr 16, 2024 4:09pm

Not much excitement over the news of new drilling.

Partially it could be because of the wording.

It says that they "will" initiate further exploration drilling on the western extension.  It gives no timeframe.

Last year, on March 23, 2023, they had a release that stated they "initiated further drilling to follow up on discovery west".  So at that point it was already initiated.  And it was months before they had a drill in the ground.

So if now, they are still at the point that they "will" initiate further exploration drilling.  What does that mean in terms of timeframes?
Comment by GoldNHill on Apr 16, 2024 4:27pm
Planning drill locations for key targets takes time.  Getting permits to do the actual drilling can take even more time (months based on my experience) to get from the Nova Scotia Government. They have kicked off the process... I am keen to see a new resource published as we have a lot more ounces in the ground to report.
Comment by shiftyone on Apr 16, 2024 4:44pm
Planning drill locations for key targets takes time.  Getting permits to do the actual drilling can take even more time (months based on my experience) to get from the Nova Scotia Government. They have kicked off the process... I am keen to see a new resource published as we have a lot more ounces in the ground to report. ----------------- Thank you GNH. Planning drilling targets will ...more  
Comment by shiftyone on Apr 16, 2024 4:47pm
I guess in conclusion to your post. That means it could be months before they start drilling.  Months of drilling then a couple of months waiting for results. So no drill results until the fall.   That I think is why there was no excitement with the release. Best of luck with this and all your investments.
Comment by Rogg47 on Apr 16, 2024 5:04pm
EVERYTHING is soooo long with SGNL, soooo ridiculous!!....  Still wondering who's selling massively lately after the "ackward" twitt??...    
Comment by iq4u on Apr 17, 2024 8:06am
Yes, you are sooooo right! It is so ridiculous how long every step takes with Signal! When did we get the Permission??? Was ist in 2022??? What the heck are they doing? I bought 1,4M shares and it would be time to make a deal now for a merger, streaming oder buyout! Come on, as we say in Germany: Get into your Puschen!!! Lifecyclus of a Goldmine:   Goldabbau: Der Lebenszyklus einer ...more  
Comment by iq4u on Apr 17, 2024 8:13am
Thanky ou very much GoldNHill ! ! ! You say an excellent point: When do they update the resources? How many ounces are there now? If they would make an update then people could do simple maths and decide to invest in Signal and buy some shares and take part of the success to come. But why do they not make this update of ounces??? I can't understand! The calculation was with a price of gold ...more  
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