Signal Gold Accepts Crown Land Lease and Licence Offer for the Goldboro Project
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) has accepted the Crown Land Lease and Licence Letter of Offer for the Goldboro Project in Nova Scotia. The offer covers approximately 779 hectares for the Lease and 97 hectares for the Licence of Crown lands. Formal Cabinet approval is expected in the first half of 2025, pending completion of a land survey and other conditions.
This milestone is important for infrastructure development and demonstrates progress on permitting for the Goldboro Project. The project, subject to a positive Feasibility Study, shows potential for an 11-year open pit mine with average gold production of 100,000 ounces per annum. Signal Gold remains committed to stakeholder engagement and has already received environmental assessment approval for the project.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) ha accettato la lettera di offerta per il contratto di locazione e licenza delle terre della Corona per il progetto Goldboro in Nova Scotia. L'offerta copre circa 779 ettari per la locazione e 97 ettari per la licenza delle terre statali. L'approvazione formale da parte del governo è prevista nella prima metà del 2025, in attesa del completamento di un sopralluogo fondiario e di altre condizioni.
Questo traguardo è importante per lo sviluppo delle infrastrutture e dimostra progressi nel processo di autorizzazione per il progetto Goldboro. Il progetto, soggetto a uno studio di fattibilità positivo, mostra potenziale per un miniera a cielo aperto di 11 anni con una produzione media di oro di 100.000 once all'anno. Signal Gold rimane impegnata nel coinvolgimento degli stakeholder e ha già ricevuto l'approvazione per la valutazione ambientale del progetto.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) ha aceptado la carta de oferta para el contrato de arrendamiento y licencia de tierras de la Corona para el Proyecto Goldboro en Nova Scotia. La oferta abarca aproximadamente 779 hectáreas para el arrendamiento y 97 hectáreas para la licencia de tierras de la Corona. Se espera la aprobación formal del gabinete en la primera mitad de 2025, a la espera de la finalización de un levantamiento de tierras y otras condiciones.
Este hito es importante para el desarrollo de infraestructuras y demuestra avances en la obtención de permisos para el Proyecto Goldboro. El proyecto, sujeto a un Estudio de Viabilidad positivo, muestra potencial para una mina a cielo abierto de 11 años con una producción media de 100,000 onzas de oro al año. Signal Gold sigue comprometida con la participación de las partes interesadas y ya ha recibido la aprobación de la evaluación ambiental para el proyecto.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF)는 노바스코샤의 골드보로 프로젝트에 대한 왕립토지 임대 및 면허 제안서를 수락했습니다. 이 제안은 약 779헥타르의 임대와 97헥타르의 면허를 포함합니다. 공식 내각 승인은 2025년 상반기에 예정되어 있으며, 토지 조사 완료 및 기타 조건이 충족되어야 합니다.
이 이정표는 인프라 개발에 중요하며 골드보로 프로젝트의 허가 진행 상황을 보여줍니다. 긍정적인 타당성 연구에 따르면, 이 프로젝트는 연간 평균 100,000온스를 생산하는 11년간의 노천광산 가능성을 보여줍니다. Signal Gold는 이해관계자 참여에 전념하며 이미 프로젝트에 대한 환경 평가 승인을 받았습니다.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) a accepté la lettre d'offre de location et de licence de terres de la Couronne pour le projet Goldboro en Nouvelle-Écosse. L'offre couvre environ 779 hectares pour la location et 97 hectares pour la licence de terres de la Couronne. L'approbation formelle du Cabinet est attendue dans la première moitié de 2025, sous réserve de l'achèvement d'une enquête foncière et d'autres conditions.
Cet objectif est important pour le développement des infrastructures et montre des progrès dans l'obtention des permis pour le projet Goldboro. Le projet, sous réserve d'une étude de faisabilité positive, montre un potentiel pour une mine à ciel ouvert de 11 ans avec une production moyenne d'or de 100 000 onces par an. Signal Gold reste engagé envers les parties prenantes et a déjà reçu l'approbation pour l'évaluation environnementale du projet.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) hat das Angebot zur Pacht- und Lizenzvereinbarung für die Kronland für das Goldboro-Projekt in Nova Scotia angenommen. Das Angebot umfasst etwa 779 Hektar für die Pacht und 97 Hektar für die Lizenz von Kronland. Eine formelle Genehmigung durch das Kabinett wird in der ersten Hälfte des Jahres 2025 erwartet, vorbehaltlich des Abschlusses einer Landvermessung und anderer Bedingungen.
Dieser Meilenstein ist wichtig für die Infrastrukturentwicklung und zeigt Fortschritte bei den Genehmigungen für das Goldboro-Projekt. Das Projekt, das von einer positiven Machbarkeitsstudie abhängt, zeigt das Potenzial für ein 11 Jahre dauerndes Tagebauprojekt mit einer durchschnittlichen Goldproduktion von 100.000 Unzen pro Jahr. Signal Gold bleibt dem Stakeholder-Engagement verpflichtet und hat bereits die Genehmigung für die Umweltbewertung des Projekts erhalten.
- Acceptance of Crown Land Lease and Licence offer for the Goldboro Project, covering 876 hectares
- Anticipation of formal Cabinet approval in the first half of 2025
- Environmental assessment approval already received from Nova Scotia Minister of Environment and Climate Change
- Feasibility Study indicates 11-year open pit mine life with average gold production of 100,000 ounces per annum
- Significant potential for further Mineral Resource expansion in the Goldboro Gold District
- Formal Cabinet approval still pending, subject to completion of land survey and other conditions
TORONTO, ON / ACCESSWIRE / September 19, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce that it has accepted the Crown Land Lease and Licence Letter of Offer ("Letter of Offer") for the Goldboro Project ("Goldboro" or the "Project"), issued by the Nova Scotia Department of Natural Resources and Renewables. The Lease comprises approximately 779 hectares (1,925 acres) and the Licence comprises approximately 97 hectares (240 acres) of Crown lands. It is anticipated that the Lease and Licence will receive formal Cabinet approval in the first half of 2025, upon completion of a land survey, among other standard terms and conditions. The Crown Land Lease and Licence is an integral authorization which will allow for infrastructure development.
"We are very pleased to accept the Letter of Offer from the Nova Scotia Department of Natural Resources and Renewables. This is a significant project milestone that demonstrates our continuing progress on all material permits related to the Goldboro Project through diligent attention to feedback from the regulators and constructive dialogue with the permitting agencies of both the Government of Nova Scotia and the Government of Canada. As we advance permitting of the Goldboro Project, we remain committed to ongoing engagement with stakeholder and Rightsholder groups in an open, inclusive and constructive manner."
~Kevin Bullock, President and CEO, Signal Gold Inc.
ABOUT SIGNAL GOLD
Signal Gold is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022, for further details). On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and the Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and the Company has consolidated 28,525 hectares (~285 km2) of prospective exploration land in the Goldboro Gold District.
This news release has been reviewed and approved by Kevin Bullock, P. Eng., President and CEO with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
FOR ADDITIONAL INFORMATION CONTACT:
Signal Gold Inc. | Reseau ProMarket Inc. |
SOURCE: Signal Gold Inc.
View the original press release on accesswire.com
FAQ
What is the size of the Crown Land Lease and Licence for Signal Gold's Goldboro Project?
When is Signal Gold (SGNLF) expecting formal Cabinet approval for the Goldboro Project Crown Land Lease?
What is the expected gold production for Signal Gold's Goldboro Project according to the Feasibility Study?
Has Signal Gold (SGNLF) received environmental approval for the Goldboro Project?
