Signal Gold Intersects Further High-Grade Gold at the Western Extension of Goldboro, Including 17.97 Gold Over 2.5 Metres and 19.00 g/t Over 2.4 Metres
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) has announced further high-grade gold assay results from its exploration drilling program at the western extension of the Goldboro Deposit in Nova Scotia. The program, comprising 5,179 metres of drilling from 26 holes, aimed to delineate additional open-pit Mineral Resources. Highlights include:
- 17.97 g/t gold over 2.5 metres in drill hole BR-24-450
- 19.00 g/t gold over 2.4 metres in drill hole BR-24-449
- 12.57 g/t gold over 1.5 metres in drill hole BR-23-453
These results, along with previously reported drilling, demonstrate the potential for additional open pit Mineral Resources and outline a robust system of gold mineralization. The company continues to achieve important project permitting milestones, including the recent granting of the Mineral Lease and the receipt of the Crown Land Lease and Licence Letter of Offer.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) ha annunciato ulteriori risultati di analisi dell'oro ad alto grado provenienti dal suo programma di perforazione esplorativa nell'estensione occidentale del Deposito di Goldboro in Nova Scotia. Il programma, che comprende 5.179 metri di perforazione in 26 fori, mirava a delineare ulteriori Risorse Minerali in cava. I punti salienti includono:
- 17,97 g/t di oro su 2,5 metri nel foro di perforazione BR-24-450
- 19,00 g/t di oro su 2,4 metri nel foro di perforazione BR-24-449
- 12,57 g/t di oro su 1,5 metri nel foro di perforazione BR-23-453
Questi risultati, insieme ai lavori di perforazione precedentemente riportati, dimostrano il potenziale per ulteriori Risorse Minerali in cava e delineano un solido sistema di mineralizzazione dell'oro. L'azienda continua a raggiungere importanti traguardi nella concessione di permessi di progetto, incluso il recente rilascio della Concessione Mineraria e la ricezione della Concessione di Terreno Pubblico e della Lettera di Offerta della Licenza.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) ha anunciado más resultados de análisis de oro de alta calidad de su programa de perforación exploratoria en la extensión occidental del Depósito Goldboro en Nueva Escocia. El programa, que comprende 5.179 metros de perforación en 26 pozos, tenía como objetivo delinear más Recursos Minerales a cielo abierto. Los aspectos más destacados incluyen:
- 17,97 g/t de oro sobre 2,5 metros en el pozo de perforación BR-24-450
- 19,00 g/t de oro sobre 2,4 metros en el pozo de perforación BR-24-449
- 12,57 g/t de oro sobre 1,5 metros en el pozo de perforación BR-23-453
Estos resultados, junto con la perforación reportada anteriormente, demuestran el potencial para más Recursos Minerales a cielo abierto y esbozan un sólido sistema de mineralización de oro. La empresa continúa logrando hitos importantes en la obtención de permisos de proyecto, incluyendo la reciente concesión del Arrendamiento Mineral y la recepción del Arrendamiento de Tierra de la Corona y de la Carta de Oferta de Licencia.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF)는 노바스코샤의 골드보로 매장지 서쪽 연장을 대상으로 한 탐사 드릴링 프로그램에서 추가적인 고품질 금 분석 결과를 발표했습니다. 이 프로그램은 26개의 구멍에서 5,179미터의 드릴링으로 구성되며, 추가적인 노천 광산 광물 자원을 delineate하는 것을 목표로 했습니다. 주요 내용은 다음과 같습니다:
- 드릴 홀 BR-24-450에서 2.5미터당 17.97 g/t 금
- 드릴 홀 BR-24-449에서 2.4미터당 19.00 g/t 금
- 드릴 홀 BR-23-453에서 1.5미터당 12.57 g/t 금
이러한 결과와 이전에 보고된 드릴링은 추가적인 노천 광산 광물 자원의 잠재력을 보여주며, 견고한 금 광화 시스템을 윤곽 짓고 있습니다. 이 회사는 최근 광물 임대 및 왕실 토지 임대 및 허가 제안서 수령을 포함하여 중요한 프로젝트 허가 이정표를 계속해서 달성하고 있습니다.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) a annoncé de nouveaux résultats d'analyse d'or de haute qualité provenant de son programme de forage d'exploration sur l'extension ouest du gisement Goldboro en Nouvelle-Écosse. Le programme, qui comprend 5 179 mètres de forage à partir de 26 trous, visait à délimiter des ressources minérales supplémentaires à ciel ouvert. Les points forts comprennent :
- 17,97 g/t d'or sur 2,5 mètres dans le trou de forage BR-24-450
- 19,00 g/t d'or sur 2,4 mètres dans le trou de forage BR-24-449
- 12,57 g/t d'or sur 1,5 mètre dans le trou de forage BR-23-453
Ces résultats, ainsi que ceux rapportés précédemment, montrent le potentiel pour des ressources minérales supplémentaires à ciel ouvert et décrivent un système robuste de minéralisation de l'or. L'entreprise continue d'atteindre des jalons importants en matière de permis de projet, y compris l'octroi récent du bail minier et la réception du bail sur les terres de la Couronne et de la lettre d'offre de licence.
Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) hat weitere hochgradige Goldanalysenergebnisse aus seinem Explorationsbohrprogramm an der westlichen Erweiterung des Goldboro-Vorkommens in Nova Scotia bekannt gegeben. Das Programm, das aus 5.179 Metern Bohrungen aus 26 Löchern besteht, hatte zum Ziel, zusätzliche Mineralressourcen für Tagebau zu umreißen. Die Höhepunkte umfassen:
- 17,97 g/t Gold über 2,5 Meter im Bohrloch BR-24-450
- 19,00 g/t Gold über 2,4 Meter im Bohrloch BR-24-449
- 12,57 g/t Gold über 1,5 Meter im Bohrloch BR-23-453
Diese Ergebnisse, zusammen mit den zuvor berichteten Bohrungen, zeigen das Potenzial für weitere Mineralressourcen im Tagebau und skizzieren ein robustes System der Goldmineralisierung. Das Unternehmen setzt seine Arbeit an wichtigen Projektgenehmigungen fort, einschließlich der kürzlichen Gewährung des Mineralpachtvertrags und dem Erhalt des Pachtvertrags und des Lizenzangebotsschreibens für das Kronland.
- High-grade gold intercepts, including 17.97 g/t over 2.5 metres and 19.00 g/t over 2.4 metres
- Potential for additional open-pit Mineral Resources outside the current deposit area
- Demonstration of continuity in gold mineralization
- Progress in project permitting, including Mineral Lease and Crown Land Lease approvals
- None.
TORONTO, ON / ACCESSWIRE / August 20, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce further assay results from its exploration drilling program at the western extension of the Goldboro Deposit at the Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). These results are part of the recently completed diamond drilling program that comprised 5,179 metres of drilling from 26 holes (BR-24-440 to 465) and was designed to target near-surface mineral resource potential immediately west of the existing Goldboro Deposit (Exhibit A and B) with the goal of delineating additional open-pit Mineral Resources. These results are in addition to the high-grade intercepts previously announced on July 24, 2024, which included 21.27 grams per tonne ("g/t") over 5.0 metres and 23.37 g/t gold over 1.3 metres.
The recent assay results from a further ten (10) drill holes of the program continued to intersect multiple high-grade zones of gold mineralization along with 12 occurrences of visible gold. Selected composited highlights (core length) from drilling completed to date include:
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 metre, 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;
18.69 g/t gold over 0.5 metres (139.4 m to 139.9 m) in drill hole BR-24-449;
10.33 g/t gold over 0.5 metres (192.8 m to 193.3 m) in drill hole BR-24-451; and
10.32 g/t gold over 0.5 metres (150.5 m to 151.0 m) in drill hole BR-24-452.
"We are excited by these drill results immediately to the west of the Goldboro Deposit which continue to demonstrate the potential for additional open pit Mineral Resources outside the current deposit area at the Goldboro Project. The high-grade nature of these drill results, along with previously reported drilling west of the Goldboro Deposit, outline a robust system of gold mineralization and demonstrate continuity. We look forward to reporting additional assays from the drill program as they become available. There is strong growth and scale potential at the Goldboro Project, and we continue to achieve important project permitting milestones, including the recent granting of the Mineral Lease and the receipt of the Crown Land Lease and Licence Letter of Offer."
~ Kevin Bullock, President and CEO, Signal Gold Inc.
Assays are pending for samples collected from drill holes BR-24-454 to 465 and will be reported as they become available. Selected composited highlights from the first four (4) drill holes of this program reported on July 24, 2024, include:
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;
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;
6.46 g/t gold over 0.5 metres (212.6 to 213.1 m) in drill hole BR-24-441;
10.12 g/t gold over 0.5 metres (85.6 m to 86.1 m) in drill hole BR-24-440; and
3.20 g/t gold over 0.6 metres (114.6 to 115.2 m) in drill hole BR-24-442.
Table 1: Selected highlight assays from drill holes BR-24-444 to BR-24-453.
Drillhole | From (m) | To (m) | Interval (m) | Gold (g/t) | Visible Gold |
BR-24-444 | 26.8 | 27.3 | 0.5 | 1.07 |
|
and | 50.5 | 51.0 | 0.5 | 1.85 |
|
and | 102.0 | 104.0 | 2.0 | 2.96 | VG |
and | 116.3 | 118.3 | 2.0 | 2.08 |
|
and | 132.4 | 133.5 | 1.1 | 9.81 |
|
and | 150.5 | 151.0 | 0.5 | 1.08 |
|
BR-24-445 | 59.3 | 59.8 | 0.5 | 1.99 |
|
and | 142.9 | 143.4 | 0.5 | 1.73 |
|
and | 166.5 | 168.0 | 1.5 | 4.10 |
|
and | 223.5 | 224.0 | 0.5 | 2.06 |
|
BR-24-446 | 125.8 | 126.3 | 0.5 | 1.09 |
|
BR-24-447 | 64.5 | 66.0 | 1.5 | 1.42 |
|
and | 82.7 | 83.3 | 0.6 | 2.65 |
|
and | 95.0 | 95.5 | 0.5 | 1.09 |
|
and | 125.0 | 126.5 | 1.5 | 0.79 |
|
and | 144.0 | 144.5 | 0.5 | 4.82 | VG |
and | 169.0 | 169.6 | 0.6 | 3.13 |
|
BR-24-448 | 45.8 | 46.4 | 0.6 | 25.82 |
|
and | 84.8 | 85.2 | 0.4 | 3.78 |
|
and | 132.0 | 133.0 | 1.0 | 1.32 |
|
and | 142.3 | 142.8 | 0.5 | 1.02 |
|
BR-24-449 | 131.6 | 132.1 | 0.5 | 1.52 |
|
and | 139.4 | 139.9 | 0.5 | 18.69 | VG |
and | 180.5 | 184.4 | 3.9 | 1.11 |
|
incl | 183.4 | 184.4 | 1.0 | 3.54 |
|
and | 209.8 | 210.5 | 0.7 | 1.12 |
|
and | 217.0 | 218.0 | 1.0 | 1.02 |
|
and | 259.6 | 262.0 | 2.4 | 19.00 |
|
including | 259.6 | 260.6 | 1.0 | 37.88 |
|
and including | 260.6 | 261.1 | 0.5 | 14.31 |
|
BR-24-450 | 46.6 | 47.1 | 0.5 | 4.81 |
|
and | 60.0 | 60.5 | 0.5 | 1.75 | VG |
and | 64.6 | 67.1 | 2.5 | 17.97 | VG |
including | 64.6 | 65.1 | 0.5 | 87.15 |
|
and | 80.7 | 81.2 | 0.5 | 2.99 |
|
BR-24-451 | 60.0 | 60.6 | 0.6 | 1.64 | VG |
and | 107.8 | 108.4 | 0.6 | 3.16 |
|
and | 110.4 | 111.0 | 0.6 | 2.76 |
|
and | 153.7 | 155.6 | 1.9 | 0.72 |
|
and | 173.9 | 174.5 | 0.6 | 1.46 |
|
and | 192.8 | 193.3 | 0.5 | 10.33 |
|
BR-24-452 | 74.8 | 75.8 | 1.0 | 1.08 |
|
and | 89.9 | 90.4 | 0.5 | 1.25 |
|
and | 102.9 | 103.4 | 0.5 | 2.77 | VG |
and | 136.5 | 139.2 | 2.7 | 0.83 |
|
and | 150.5 | 151.0 | 0.5 | 10.32 | VG |
and | 153.8 | 154.8 | 1.0 | 1.61 |
|
and | 156.5 | 157.0 | 0.5 | 1.03 |
|
BR-24-453 | 102.0 | 105.0 | 3.0 | 1.09 |
|
and | 121.5 | 122.1 | 0.6 | 2.22 |
|
and | 159.8 | 160.8 | 1.0 | 1.58 |
|
and | 178.9 | 179.5 | 0.6 | 3.07 |
|
and | 184.5 | 185.3 | 0.8 | 1.36 |
|
and | 191.2 | 192.2 | 1.0 | 5.11 |
|
and | 198.0 | 199.5 | 1.5 | 12.57 | VG |
including | 198.0 | 198.5 | 0.5 | 31.34 |
|
and | 205.2 | 205.9 | 0.7 | 4.61 |
|
and | 211.8 | 212.3 | 0.5 | 1.81 |
|
and | 229.6 | 230.1 | 0.5 | 8.46 |
|
and | 233.0 | 233.5 | 0.5 | 3.29 |
|
and | 276.5 | 277.0 | 0.5 | 2.39 | VG |
Exhibit A. A map showing the location of the West and East proposed pits of the Goldboro Project and the location of the western extension of the Goldboro deposit and the of the current drill program, against the backdrop of the trend an Induced Polarization ("IP") geophysical survey.
Exhibit B. A plan map showing the location of drill holes completed during recent and previous drilling as well as the planned mine and mill infrastructure at Goldboro.
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. 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 assay results from Signal Gold's Goldboro Project?
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What is the significance of the recent drilling results for Signal Gold (SGNLF)?
What recent permitting milestones has Signal Gold achieved for the Goldboro Project?
