Signal Gold Inc T.SGNL

Looks like funding is the issue. GoldNHill, agree way more

[Geodan2]

I went thru the presentation, agree millions more gold oz is likley, that can really increase IRR and reduce ASIC.  There could be 40+ years of ore with all those structures, IP maps. etc. 
      They plan to build a mill, quite a bit of capital to do that. Also watched what appers to be newest video where CEO focused on permoits and drilling https://www.youtube.com/watch?v=tKGGVCmeUA4

and prior one where he thinks they need to prove up more oz to get funded. With $2600 gold now and maybe $3200 in 2025 funding can change radically with all sorts of money coming into the sector.  The high grade for a pit is very appealing.  BTW just on 2 million oz when gold goes up $40 in a day, that is $80 million usd more value in ground on a $16 million usd mkt cap company with 100% ownership. 

We need some luck here on funding. They do have cash now, so matter of how soon they can get funding.   Cheers

  https://assets.website-files.com/625ef6598e554ef8a014fb7b/66abb8af2d1de23e0afd353a_SGNL%20Corporate%20Presentation%20August%202024.pdf

[GoldNHill]

As I said any trained eye looking at this deposit will see the long term deeper underground potential.  Yes that has not been drilled off yet.  The now probably 3 pits just show the surface expression of the deposit down to 200 - 250 verticle meters. The key image for any company looking at this is Exhibit D in this PR  https://stockhouse.com/news/press-releases/2024/01/09/signal

[Geodan2]

Hi GoldNHill,   What about doing 1-2 holes fast, deep and cheap with rotary bit?  The guy (Canadian) who found more big deposits in S. Amer than anyone else said it was his secret. Sounds like you are a driller.  If they were to poke 2 rotary holes deepthe results are not as sure, you get rock chips not polished cores, but one could prove out your theory fast and cheap, the

[GoldNHill]

Geologist and IT guy....I know the Goldboro structure very well. Phase 2 plan if they get there is to drill the vast underground targets from the bottom of the pit and underground drill stations as they ramp down from the pits underground. For sure they could do as you suggest...still a second phase project at present...that can change with the pending deal...new JV may want to drill deep and

[Geodan2]

Thanks!