Signal Gold Announces Final Drill Results From the Western Extension of Goldboro, Including 7.56 g/t Gold Over 1.9 Metres and 3.80 g/t Gold Over 3.0 Metres
Signal Gold has announced final assay results from its 5,179-metre diamond drilling program at the western extension of the Goldboro Deposit in Nova Scotia. The program, targeting near-surface mineralization, revealed significant gold intersections including 7.56 g/t gold over 1.9 metres and 3.80 g/t gold over 3.0 metres. The drilling demonstrated continuity of gold mineralization across a 450-metre strike length, with high-grade zones found in all drill holes. Previous results from the program included notable intersections such as 73.92 g/t gold over 3.8 metres. The total known gold mineralization strike length now extends to 3.4 kilometres, suggesting potential for additional open-pit mineral resources.
Signal Gold ha annunciato i risultati finali delle analisi del suo programma di perforazione con diamante di 5.179 metri presso l'estensione occidentale del Giacimento Goldboro in Nova Scotia. Il programma, mirato alla mineralizzazione prossima alla superficie, ha rivelato significative intersezioni d'oro, inclusi 7,56 g/t d'oro su 1,9 metri e 3,80 g/t d'oro su 3,0 metri. Le perforazioni hanno dimostrato la continuità della mineralizzazione d'oro su una lunghezza di strike di 450 metri, con zone ad alta grade riscontrate in tutti i fori di perforazione. I risultati precedenti del programma includevano intersezioni notevoli come 73,92 g/t d'oro su 3,8 metri. La lunghezza totale nota della mineralizzazione d'oro ora si estende a 3,4 chilometri, suggerendo potenziale per ulteriori risorse minerarie in cava.
Signal Gold ha anunciado los resultados finales de los análisis de su programa de perforación de diamante de 5,179 metros en la extensión occidental del Depósito Goldboro en Nueva Escocia. El programa, que tiene como objetivo la mineralización cerca de la superficie, reveló intersecciones significativas de oro, incluyendo 7.56 g/t de oro sobre 1.9 metros y 3.80 g/t de oro sobre 3.0 metros. La perforación demostró la continuidad de la mineralización de oro a lo largo de una longitud de strike de 450 metros, con zonas de alta ley encontradas en todos los agujeros de perforación. Los resultados previos del programa incluían intersecciones notables como 73.92 g/t de oro sobre 3.8 metros. La longitud total conocida de la mineralización de oro ahora se extiende a 3.4 kilómetros, sugiriendo un potencial para recursos minerales adicionales a cielo abierto.
신호 골드(Signal Gold)는 노바스코샤(Goldboro) 금광의 서쪽 확장에서 진행된 5,179미터 다이아몬드 시추 프로그램의 최종 분석 결과를 발표했습니다. 이 프로그램은 표면 근처의 광물화를 목표로 하여, 1.9미터에서 7.56 g/t의 금과 3.0미터에서 3.80 g/t의 금을 포함한 중요한 금 인터섹션을 밝혀냈습니다. 시추 작업은 450미터의 스트라이크 길이에 걸쳐 금 광물화의 연속성을 입증했으며, 모든 시추 구멍에서 고등급 구역이 발견되었습니다. 프로그램의 이전 결과에는 3.8미터에서 73.92 g/t의 금과 같은 주목할 만한 인터섹션이 포함되어 있습니다. 현재 알려진 금 광물화의 총 스트라이크 길이는 3.4킬로미터로 연장되어, 추가적인 노천 채굴 자원의 잠재성을 시사합니다.
Signal Gold a annoncé les résultats finaux des analyses de son programme de forage diamanté de 5 179 mètres à l'extension ouest du gisement Goldboro en Nouvelle-Écosse. Le programme, ciblant les minéralisations proches de la surface, a révélé des intersections significatives en or, y compris 7,56 g/t d'or sur 1,9 mètre et 3,80 g/t d'or sur 3,0 mètres. Le forage a démontré la continuité de la minéralisation aurifère sur une longueur de 450 mètres, avec des zones de haute teneur trouvées dans tous les trous de forage. Les résultats précédents du programme incluaient des intersections notables telles que 73,92 g/t d'or sur 3,8 mètres. La longueur totale connue de la minéralisation aurifère s'étend maintenant sur 3,4 kilomètres, suggérant un potentiel pour des ressources minérales supplémentaires à ciel ouvert.
Signal Gold hat die endgültigen Analyseergebnisse seines Diamantbohrprogramms mit einer Länge von 5.179 Metern an der westlichen Erweiterung der Goldboro-Lagerstätte in Nova Scotia bekannt gegeben. Das Programm, das sich auf mineralische Lagerstätten nahe der Oberfläche konzentrierte, offenbarte bedeutende Goldintersektionen, darunter 7,56 g/t Gold über 1,9 Meter und 3,80 g/t Gold über 3,0 Meter. Die Bohrungen zeigten die Kontinuität der Goldmineralisierung über eine Strike-Länge von 450 Metern, mit hochgradigen Zonen in allen Bohrlöchern. Frühere Ergebnisse des Programms umfassten bemerkenswerte Intersektionen wie 73,92 g/t Gold über 3,8 Meter. Die insgesamt bekannte Strike-Länge der Goldmineralisierung erstreckt sich nun über 3,4 Kilometer, was auf das Potenzial zusätzlicher Ressourcen für den Tagebau hinweist.
- High-grade gold intersections found in all drill holes across 450m strike length
- Total strike length of known gold mineralization extended to 3.4 kilometers
- Significant drill results including 73.92 g/t gold over 3.8 metres
- Project has environmental assessment approval and Mining Lease
- Consolidated 28,525 hectares of exploration land
- None.
TORONTO, ON / ACCESSWIRE / October 30, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce the final assay results from its 5,179-metre diamond drilling program at the western extension of the Goldboro Deposit at its Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). The drill program was designed to target near-surface mineralization immediately west of the existing Goldboro Deposit with the goal of delineating additional open-pit Mineral Resources (Exhibit A, B, C and D). These results are in addition to the high-grade intersects previously announced on July 24, 2024, August 20, 2024, and September 12, 2024.
"Since our discovery in 2023 of continued gold mineralization west of the Goldboro Deposit, bringing the total strike length of known gold mineralization to 3.4 kilometres, we have been keen to drill test the potential to develop further open-pit mineral resources at the western extension of the Goldboro Deposit. We are excited with these final results, in addition to those reported earlier, which have successfully demonstrated the continuity of gold mineralization to the west of the existing Mineral Resource Estimate with zones of high-grade gold intersected in all drill holes across a strike length of 450 metres. These positive results further strengthen our belief that we can add open-pit ounces to the existing Mineral Resource for Goldboro. The results from the western extension, coupled with the ongoing regional exploration work on Signal Gold's extensive land package, provide significant growth opportunities for the Goldboro Project."
~ Kevin Bullock, President and CEO, Signal Gold Inc.
The recent assay results from the final five (5) drill holes of the program intersected high-grade zones of gold mineralization, along with one (1) occurrence of visible gold. Select composited highlights (core length) from the recent assay results include:
7.56 g/t gold over 1.9 metres (97.9 m to 99.8 m) in drill hole BR-24-463; including 22.25 g/t gold over 0.6 m;
3.80 g/t gold over 3.0 metres (162.0 m to 165.0 m) in drill hole BR-24-464; including 9.29 g/t gold over 1.0 m;
2.61 g/t gold over 2.2 metres (150.3 m to 152.5 m) in drill hole BR-24-462; including 10.20 g/t gold over 0.5 m;
13.45 g/t gold over 0.5 metres (65.1 m to 65.6 m) in drill hole BR-24-464;
7.77 g/t gold over 0.5 metres (257.0 m to 257.5 m) in drill hole BR-24-462; and
5.90 g/t gold over 0.8 metres (58.2 m to 59.0 m) in drill hole BR-24-463.
These results are part of the recently completed 5,179-metre diamond drilling program that comprised 26 drill holes (BR-24-440 to 465). Selected composited highlights from the first twenty-one (21) drill holes of this program previously reported include:
73.92 g/t gold over 3.8 metres (150.5 m to 154.4 m) in drill hole BR-24-459; including 396.27 g/t gold over 0.7 m;
16.00 g/t gold over 4.5 metres (175.3 to 179.8 m) in drill hole BR-24-459; including 44.80 g/t gold over 1.5 m; and including 79.00 g/t over 0.5 m;
40.25 g/t gold over 1.8 metres (76.8 m to 78.6 m) in drill hole BR-24-455, including 133.68 g/t gold over 0.6 m;
4.03 g/t gold over 3.2 metres (139.8 m to 143.0 m) in drill hole BR-24-455; including 23.51 g/t gold over 0.5 m;
20.28 g/t gold over 1.3 metres (183.2 m to 184.5 m) in drill hole BR-24-455; including 43.02 g/t gold over 0.5 m; and
51.93 g/t gold over 1.5 metres (42.9 m to 44.4 m) in drill hole BR-24-458; including 155.46 g/t gold over 0.5 m.
17.97 g/t gold over 2.5 metres (64.6 m to 67.1 m) in drill hole BR-24-450, including 87.15 g/t gold over 0.5 m;
19.00 g/t gold over 2.4 metres (259.6 m to 262.0 m) in drill hole in drill hole BR-24-449, including 37.88 g/t gold over 1.0 metres, and including 14.31 g/t gold over 0.5 metres;
12.57 g/t gold over 1.5 metres (198.0 to 199.5 m) in drill hole BR-23-453, including 31.34 g/t gold over 0.5 metres;
25.82 g/t gold over 0.6 metres (45.8 m to 46.4 m) in drill hole BR-24-448;
21.27 g/t gold over 5.0 metres (146.6 m to 151.6 m) in drill hole BR-24-441, including 187.13 g/t gold over 0.5 metres and 13.13 g/t gold over 0.5 metres;
23.37 g/t gold over 1.3 metres (108.6 to 109.9 m) in drill hole BR-24-441; and
4.32 g/t gold over 1.9 metres (114.4 m to 116.3 m) in drill hole BR-24-441, including 13.62 g/t gold over 0.5 metres.
Table 1: Selected highlight assays from drill holes BR-24-461 to BR-24-465.
Drillhole | From (m) | To (m) | Interval (m) | Gold (g/t) | Visible Gold |
BR-24-461 | 21.9 | 22.9 | 1.0 | 0.77 |
|
and | 54.0 | 54.5 | 0.5 | 1.14 |
|
and | 134.0 | 134.5 | 0.5 | 1.21 |
|
BR-24-462 | 150.3 | 152.5 | 2.2 | 2.61 |
|
including | 150.3 | 150.8 | 0.5 | 10.20 |
|
and | 245.0 | 245.5 | 0.5 | 4.02 |
|
and | 249.0 | 250.0 | 1.0 | 2.43 |
|
and | 257.0 | 257.5 | 0.5 | 7.77 |
|
BR-24-463 | 58.2 | 59.0 | 0.8 | 5.90 |
|
and | 97.9 | 99.8 | 1.9 | 7.56 |
|
including | 99.2 | 99.8 | 0.6 | 22.25 |
|
BR-24-464 | 65.1 | 65.6 | 0.5 | 13.45 |
|
and | 86.9 | 87.9 | 1.0 | 2.66 |
|
and | 123.0 | 124.7 | 1.7 | 0.93 |
|
and | 134.4 | 135.4 | 1.0 | 2.70 |
|
and | 162.0 | 165.0 | 3.0 | 3.80 |
|
including | 164.0 | 165.0 | 1.0 | 9.29 |
|
BR-24-465 | 31.6 | 33.1 | 1.5 | 1.03 |
|
and | 163.4 | 164.0 | 0.6 | 1.47 |
|
and | 191.8 | 192.3 | 0.5 | 2.24 |
|
and | 213.0 | 213.5 | 0.5 | 3.27 | VG |
and | 241.7 | 242.2 | 0.5 | 1.10 |
|
Footnotes:
Intervals are reported as core length only. True widths are estimated to be between
70% and100% of the core length.All drill hole results are reported using fire assay only and are uncut. See notes on QAQC procedures at the bottom of this press release.
Drill holes were oriented along a north-south trend with holes on the north limb of the hosting anticlinal structure drilled southward and holes located south of the anticlinal structure drilled northward. The dip of holes is dependent upon the location relative to the anticline with the goal of intersecting mineralized zones orthogonally.
All samples and the resultant composites referred to in this release are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
All assays in this press release are reported as fire assays only. For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern Analytical Ltd. via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to
This news release has been reviewed and approved by Paul McNeill, P.Geo., VP Exploration with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
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. The company has also received its Mining Lease along with its Crown Land Lease and Licence Offer which represent significant regulatory milestones. The Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment. 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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Signal Gold to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Signal Gold's annual information form for the year ended December 31, 2022, available on www.sedarplus.com. Although Signal Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Signal Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
FOR ADDITIONAL INFORMATION CONTACT:
Signal Gold Inc. | Reseau ProMarket Inc. |
SOURCE: Signal Gold Inc.
View the original press release on accesswire.com
FAQ
What are the latest gold drilling results at Signal Gold's Goldboro Project?
How many metres were drilled in Signal Gold's (SGNLF) recent Goldboro program?
What is the total strike length of gold mineralization at Signal Gold's Goldboro Project?
What regulatory approvals has Signal Gold (SGNLF) received for the Goldboro Project?
