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SIGNAL GOLD INC - SGNLF STOCK NEWS

Welcome to our dedicated page for SIGNAL GOLD news (Ticker: SGNLF), a resource for investors and traders seeking the latest updates and insights on SIGNAL GOLD stock.

Signal Gold Inc. (SGNLF) is a promising mining company with its Goldboro Project in Nova Scotia, Canada. The company focuses on advancing the project, demonstrating a significant gold potential, and seeking further expansion in mineral resources. Recent exploration programs have led to the identification of high-priority growth targets, including Fowler, Stewart, Armstrong, and Hurricane, all aimed at discovering new gold mineralization. Signal Gold is committed to efficient exploration initiatives, value creation, and achieving production milestones in the Goldboro Gold District.

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Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) has announced its transition from the OTCQX to the OTCQB Venture Market in the United States, effective July 25, 2024. This move is due to the company no longer meeting the minimum bid requirements for the OTCQX platform. Signal Gold will continue trading under the symbol 'SGNLF' on the OTCQB and maintain its listing on the Toronto Stock Exchange under 'SGNL'.

The company is advancing the Goldboro Gold Project in Nova Scotia, which has received environmental assessment approval. The project's Feasibility Study indicates an 11-year open pit mine life with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. Signal Gold has submitted key permits and consolidated 28,525 hectares of exploration land in the Goldboro Gold District.

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Signal Gold Inc. (TSX:SGNL)(OTCQX:SGNLF) has announced initial assay results from its exploration drilling program at the western extension of the Goldboro Deposit in Nova Scotia. The program, comprising 5,179 metres over 26 drill holes, has intersected multiple high-grade zones of gold mineralization along with 41 occurrences of visible gold. Highlights include:

- 21.27 g/t gold over 5.0 metres in drill hole BR-24-441
- 23.37 g/t gold over 1.3 metres in drill hole BR-24-441
- 10.12 g/t gold over 0.5 metres in drill hole BR-24-440

The results support the extension of the Goldboro Deposit to the west of the current resource, potentially increasing the total strike length of known mineralization to 3.4 kilometres. The company believes there is strong potential to develop an open-pit mineral resource and further expand the known gold mineralization.

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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.

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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.

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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.

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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.

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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.

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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.
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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.
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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.
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FAQ

What is the current stock price of SIGNAL GOLD (SGNLF)?

The current stock price of SIGNAL GOLD (SGNLF) is $0.062 as of December 13, 2024.

What is the market cap of SIGNAL GOLD (SGNLF)?

The market cap of SIGNAL GOLD (SGNLF) is approximately 14.0M.

What are Signal Gold Inc.'s major exploration projects?

Signal Gold is actively exploring the Goldboro Project in Nova Scotia, focusing on growth targets like Fowler, Stewart, Armstrong, and Hurricane.

What is the company's core business?

Signal Gold Inc. is primarily engaged in gold mining and exploration, with a vision to expand mineral resources and achieve production milestones.

What recent achievements has Signal Gold Inc. made?

Signal Gold has successfully commenced exploration drilling at the western extension of the Goldboro Deposit, identifying significant gold mineralization and potential resource expansion.

What is the focus of Signal Gold's exploration initiatives?

The company is dedicated to efficient exploration, value creation, and achieving production milestones in the Goldboro Gold District, aiming to discover new gold mineralization.

How is Signal Gold Inc. contributing to the mining industry?

Signal Gold's exploration programs, high-priority growth targets, and commitment to efficient initiatives are driving advancements in gold exploration and mineral resource expansion.

SIGNAL GOLD INC

OTC:SGNLF

SGNLF Rankings

SGNLF Stock Data

14.03M
247.40M
3%
23.5%
Gold
Basic Materials
Link
United States of America
Toronto