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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. announces the commencement of a 1,400-line kilometre airborne magnetic and VLF electromagnetic survey over its recently expanded exploration land position in the Goldboro Gold District. The survey covers the Stewart Brook area with anomalous till samples and geophysical targets, presenting new discovery potential. The Company aims to generate new exploration targets and leverage existing infrastructure for potential additional mill feed. Signal Gold has consolidated its exploration license area to over 27,200 hectares, focusing on the Goldboro and Seal Harbour Trends. The survey, conducted by Terraquest Ltd., utilizes high-resolution aeromagnetics and VLF electromagnetics to refine and test new targets for drilling.
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Signal Gold Inc. reports financial and operational results for Q4 and year-end 2023. The company highlights investments in the Goldboro Project, key permitting milestones, exploration initiatives, and the sale of the Point Rousse Project. Despite a net comprehensive loss in 2023, Signal Gold remains focused on advancing the Goldboro Project and obtaining key permits in 2024.
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Signal Gold Inc. announces final diamond drill results from the Goldboro Project in Nova Scotia, revealing continuous gold mineralization over 1.1 kilometers. The results show 13 instances of visible gold and 74 separate intersections of gold mineralization, with selected highlights including 76.31 g/t gold over 0.5 meters and 12.88 g/t gold over 0.6 meters. The drill program demonstrates the potential for expansion of the Goldboro Deposit westward and down-plunge, highlighting the scalability of the project. The results are part of the larger growth exploration program in 2023, which comprised 11,435 meters in 61 diamond drill holes.
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Signal Gold Inc. (SGNLF) has provided an update on its 2024 priorities, highlighting advancements made in 2023 at the Goldboro Project. The company ended 2023 with a cash balance of $9.85 million and a preliminary working capital of $8.3 million. In 2024, Signal Gold aims to continue growth exploration, obtain final project permits, consolidate the Goldboro Gold District, and maintain an exceptional social license. The company is actively considering its options with respect to the existing credit facility with Nebari Partners and the further advancement of the Goldboro Project.
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Signal Gold Inc. has expanded its exploration license area to over 27,200 hectares in the Goldboro Gold District, acquiring seven exploration licenses covering gold, antimony, and tungsten glacial till anomalies. The area, known as Stewart Brook, covers historic till sampling with significant gold, antimony, and tungsten values. The company aims to leverage the planned mine and mill infrastructure at Goldboro to create a long-term gold mining camp.
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Signal Gold Inc. (SGNL) announces additional diamond drill results from the Goldboro Project in Nova Scotia, revealing gold mineralization and the potential for further discovery of gold down-plunge and beneath the Goldboro Deposit.
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Signal Gold Inc. (TSX:SGNL)(OTCQX:SGNLF) announces diamond drill results from the initial step-out exploration program at the Goldboro Project in Nova Scotia, revealing high-grade, near-surface gold mineralization up to at least 450 meters west of the Goldboro Deposit. The results include 27 intersections of gold mineralization and 3 instances of visible gold, with selected composited highlights of up to 109.91 g/t gold over 0.5 meters. The company is excited about the potential for further mineralization and plans to continue regional exploration programs to demonstrate the scale potential of the Goldboro Gold District.
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Signal Gold Inc. (SGNL) Completes Upsized Private Placement, Raises $5,020,070 for Gold Exploration and Permitting
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Signal Gold Inc. (SGNL) announces an upsized non-brokered private placement to raise gross proceeds of up to $2,720,000. The Offering will consist of Units and 'flow-through' Units, with the Company already completing a tranche for $700,000. The funds will be used for growth exploration activities at the Goldboro Project. The securities issued will be subject to a hold period of four months and a day, and the Offering is subject to TSX approval.
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Signal Gold Inc. (SGNL) has received recommendations for Indigenous and public consultations for the Goldboro Project in Nova Scotia, following the review of the required documentation for the Schedule 2 Amendment of the Metal and Diamond Mining Effluent Regulations. The company has achieved significant milestones in advancing the project, including the submission of the Mineral Lease Application and the Fisheries Act Authorization. Signal Gold remains focused on progressing the project in a disciplined manner and is excited about its future prospects.
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FAQ
What is the current stock price of SIGNAL GOLD (SGNLF)?
The current stock price of SIGNAL GOLD (SGNLF) is $0.0655 as of October 15, 2024.
What is the market cap of SIGNAL GOLD (SGNLF)?
The market cap of SIGNAL GOLD (SGNLF) is approximately 16.3M.
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.
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