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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. (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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Signal Gold Inc. (SGNL) completes second tranche of non-brokered private placement, issuing 3,000,000 flow-through Units at $0.17 per FT Unit for gross proceeds of $510,000. The funds will be used for growth exploration, permitting activities at the Goldboro Project, and general corporate purposes. The Offering is subject to TSX approval and holds a four-month hold period. The securities offered are not registered under the U.S. Securities Act of 1933.
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Signal Gold Inc. (SGNL) Announces $2,000,000 Private Placement Offering to Fund Goldboro Project Expansion
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Signal Gold Inc. (TSX:SGNL)(OTCQX:SGNLF) has received the results of a 2,700-line kilometre airborne magnetic and VLF electromagnetic survey over its Goldboro Gold District in Nova Scotia. The survey indicates numerous VLF anomalies associated with both the Goldboro and Lower Seal Harbour Trends, highlighting significant near-term discovery potential.
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Signal Gold Inc. announces an amendment to its credit facility with Nebari Gold Fund 1 LP, Nebari Natural Resources Credit Fund I LP, and Nebari Natural Resources Credit Fund II LP. The interest capitalization period in the Credit Agreement has been extended by six months. The Company will issue new common share purchase warrants to Nebari and cancel existing warrants.
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Signal Gold Inc. reports its financial and operating results for Q3 2023. The company invested $5.5 million in the Goldboro Project and achieved key permitting milestones. They also initiated an exploration drill program and expanded their exploration license area. Signal Gold completed the sale of the Point Rousse Project. Net loss for Q3 2023 was $5.5 million. As of September 30, 2023, the company had a cash balance of $10.1 million and working capital of $6.9 million.
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Signal Gold Inc. announces final assays for geotechnical drill program at Goldboro Project
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Signal Gold Inc. provides update on permitting and development initiatives at Goldboro Project in Nova Scotia. Achieved key permitting milestones including Mineral Lease Application, Industrial Approval Application, and Fisheries Act Authorization submissions. Completed geotechnical drill program and ongoing environmental monitoring. Aim to expand Goldboro Deposit westward. Pending gold assay results expected in Q4 2023.
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Signal Gold Inc. has started a survey over its land position in the Goldboro Gold District in Nova Scotia. The survey aims to cover the Company's expanded land position and test the Goldboro and Seal Harbour Trends. The survey will be flown at 100 metre north-south line spacing with one (1) kilometre tie lines. The Company is hopeful that the targets generated by this survey will lead to the discovery of other satellite deposits. The exploration program was partially funded under MRDF Shared Funding Exploration Grant.
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Signal Gold Inc. announces positive diamond drill results from growth exploration program at Goldboro Project in Nova Scotia. Gold mineralization discovered up to at least 450 meters west of previous drilling. Selected highlights include 26.09 g/t gold over 8.9 meters and 371.59 g/t gold over 0.5 meters. Results demonstrate potential to significantly increase scale of Goldboro Deposit. Stock price may be positively affected.
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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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