Signal Gold Inc T.SGNL

Signal Gold Made A Big Mistake With Goldboro

[NLMoose]

According to a CBC Nova Scotia news article entitled "Some want a robust gold industry in Nova Scotia. Others say good riddance", looks like Signal Gold made a big mistake in investing in the Goldboro project.

The same article also said that the Goldboro Mine Project scheduled for this year will likely won't go ahead or even cancel, and you can blame a so-called "pro business" Nova Scotia Provincial Government under Tim Houston for the lengthy delays.

If Goldboro is cancelled, we can blame it on Tim Houston and the Nova Scotia Government for acting like hypocrites as they claim to be pro business and champions of red tape reduction, but constantly delay approvals for gold mines, not just with St. Barbara and Archibald Lake, but also Goldboro.

Best bet for Signal Gold is to get out of Nova Scotia and refocus on gold exploration along the Baie Verte Peninsula.

As for Tim Houston and the Nova Scotia Government, c'mon, this is Canada, not Greece.

Source:  CBC Nova Scotia - https://www.cbc.ca/news/canada/nova-scotia/gold-mining-nova-scotia-future-1.7309772

[Beersy24]

Are there any rumours down at the pub? If you where in government and against the project, dragging out the permitting process until we went bankrupt wouldn't be a bad plan. Sends a really bad economic message to anyone looking to do business in the province though. 

[GillieBan]

They already have the provincial environmental approval and a few other provincial permits. The article specifically mentions a federal permit. It doesn't seem like the provincial government is holding signal back.  I was surprised to read the timeline for the ECCC permit (federal)... consultations done in the fall and then another 6-12 months (!!!) til a decision. I wonder what this

[GoldNHill]

Ya, when I read the article, I was a bit shocked by the 6 to 12 months till a decision for the federal permit.  That is something I do not know about...the timing of such. Regardless, Signal can still sign a deal pending successful receipt of permits....that is not uncommon. What struck me the most was this quote "Andrew Strelein, the CEO and managing director of St Barbara, said all

[Benji 2000]

From de Federal gouv. Timeline To the extent possible, ECCC will use the policy on Streamlining the Approvals Process for Metal Mines with Tailings Impoundment Areas if all the conditions in that policy are met. Therefore, ECCC encourages mine proponents to develop the assessment of alternatives report and the FHCP as early as possible. The full regulatory process can take 12 to

[VillaManya]

Hi Benjii, do you know which stage in the flow chart you posted signal are at?

[Benji 2000]

Hi VillaManya, No, but i know Signal Gold will go directly in Part II of that flowchart, so, it will be faster than the complete one...

[VillaManya]

Thanks Benji. It's a shame the company hasn't given any indication which stage it's at.

[Benji 2000]

Hi VillaManya...Again ! It's on Federal gouv. website https://www.canada.ca/en/environment-climate-change/corporate/transparency/consultations/goldboro-mine-project.html Share your ideas: Amendments to the Metal and Diamond Mining Effluent Regulations for the Goldboro Gold Project Current status: Closed Consultations are from May 27, 2024, to July 27, 2024. Background

[nozzpack]

Even bigger was selling their Point Rousse assets including the Stratrgically placed Pine Cove mill for pennies on the dollar . A substantial Talc asset at Deer Cove, the Pine Cove pit mined just to 100 meters with Maritime recentky announcing a massive interception just meters below the pit floor, a tolling MOU with NFG , a tailings facility with 30,000 ounces of gold fines and on and on.