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Signal Gold Inc. has identified new growth targets at the Hurricane and Armstrong sites in the Goldboro Gold District. The company is conducting exploration work in Nova Scotia, Canada, to potentially discover new gold deposits. The Hurricane and Armstrong targets are part of a regional exploration program aimed at expanding the Goldboro Project's gold endowment. Signal Gold is advancing the Goldboro Gold Project, with an open-pit mine plan estimating a 11-year operation and an average production of 100,000 ounces of gold per year.
Signal Gold Inc. reports strong progress at the Goldboro Project during Q1 2024, focusing on exploration initiatives and advancing key project permits. The Company invested $1,033,999 in the project and initiated a 5,000-metre drill program. Despite a net comprehensive loss of $2,495,248, Signal Gold remains committed to advancing the Goldboro Project to become the next fully permitted gold project in Canada.
Signal Gold Inc. has initiated exploration at the Stewart target, a high priority area north of the Goldboro Deposit, located in Nova Scotia, Canada. The target shows potential for poly-metallic skarn mineralization, with gold, antimony, and tungsten anomalies. Historic samples exhibit gold values ranging from 0 to 7,000 ppb, with plans for geological mapping, prospecting, and targeted surveys. The Company aims to identify specific drill targets for potential new discoveries in the Goldboro Gold District.
