SIGNAL GOLD INC - SGNLF STOCK NEWS

Signal Gold (TSX:SGNL, OTCQX:SGNLF) has commenced a drilling program at the western extension of the Goldboro Deposit in Nova Scotia, aiming to expand near-surface mineral resources. The program encompasses up to 5,000 meters of diamond drilling, with initial results showing five occurrences of visible gold. Assays are pending. The company has also acquired seven additional exploration licenses covering 1,311 hectares, increasing its land position in the Goldboro Gold District to 28,525 hectares. Highlights from 2023 drilling include gold intersections of up to 371.59 g/t gold over 0.5 meters. Signal Gold aims to leverage these findings to develop an open-pit mineral resource and expand known gold reserves.

Signal Gold has announced that all resolutions at its annual general meeting held on May 23, 2024, were passed. The elected directors are Kevin Bullock, George Furey, P.E. (Ted) Kavanagh, Lewis Lawrick, Mary-Lynn Oke, and Ian Pritchard.

The reappointment of PricewaterhouseCoopers LLP as auditors was also approved. Signal Gold is advancing its Goldboro Gold Project in Nova Scotia, which has an 11-year LOM and an annual gold production of 100,000 ounces. The project received environmental assessment approval in August 2022 and is awaiting further permits.

Signal Gold Inc. has identified new growth targets at the Hurricane and Armstrong sites in the Goldboro Gold District. The company is conducting exploration work in Nova Scotia, Canada, to potentially discover new gold deposits. The Hurricane and Armstrong targets are part of a regional exploration program aimed at expanding the Goldboro Project's gold endowment. Signal Gold is advancing the Goldboro Gold Project, with an open-pit mine plan estimating a 11-year operation and an average production of 100,000 ounces of gold per year.

Signal Gold Inc. reports strong progress at the Goldboro Project during Q1 2024, focusing on exploration initiatives and advancing key project permits. The Company invested $1,033,999 in the project and initiated a 5,000-metre drill program. Despite a net comprehensive loss of $2,495,248, Signal Gold remains committed to advancing the Goldboro Project to become the next fully permitted gold project in Canada.

Signal Gold Inc. has initiated exploration at the Stewart target, a high priority area north of the Goldboro Deposit, located in Nova Scotia, Canada. The target shows potential for poly-metallic skarn mineralization, with gold, antimony, and tungsten anomalies. Historic samples exhibit gold values ranging from 0 to 7,000 ppb, with plans for geological mapping, prospecting, and targeted surveys. The Company aims to identify specific drill targets for potential new discoveries in the Goldboro Gold District.

Signal Gold Inc. announces the commencement of an exploration program at the Fowler target, located east of the Goldboro Deposit in the Goldboro Gold District. The program includes geological mapping, prospecting, sampling, and geophysics to identify drill targets for potential gold mineralization. The Fowler target shows promise for Goldboro-like mineralization, with historical and recent soil samples indicating gold presence. The company aims to make a new gold discovery in the area.

Signal Gold Inc. completes an airborne geophysical survey and identifies multiple exploration targets in the Goldboro Gold District. The company has completed a 1,245-line kilometre survey over its expanded land position, compiling historic geological and exploration data to identify four high-priority growth targets. Signal Gold plans to initiate exploration programs to assess these areas and develop drill targets while continuing to drill the Goldboro Deposit extension. The company aims to leverage its geological database to identify further targets and demonstrate the gold camp potential of the district.

Signal Gold Inc. announces further drilling at the Western Extension of Goldboro Project in Nova Scotia, targeting increased mineral resources. The drill program aims to delineate additional open-pit Mineral Resources and expand known gold mineralization. The company plans to refine the geological model and explore regional potential for further discoveries.

Signal Gold Inc. has initiated a strategic review process with BMO Capital Markets to explore options for advancing the Goldboro Project. The Company aims to maximize shareholder value and efficiency while seeking potential partnerships or transactions to accelerate project development.