Signal Gold


Primary ticker: TSX: SGNL OTCQX: SGNLF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Goldboro Project
Project location: Nova Scotia, Canada 

Signal Gold Inc. is a TSX and OTCQX-listed gold development company advancing the 100%-owned, high-grade Goldboro Project in the Canadian mining jurisdiction of Nova Scotia.

The Goldboro Project is a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine (“LOM”) with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. In 2022, the Goldboro Project received its environmental assessment approval, a significant regulatory milestone which enables the Company to commence site-specific permitting processes. The Goldboro Project also has potential for further Mineral Resource expansion, particularly towards the west along strike and at depth. A future study will consider upgrading and expanding potentially mineable underground Mineral Resources as part of the longer-term mine development plan.


Major shareholders:
SSI Asset Management 6%
Falcon Capital 5.5%
Earth Resources 4.6%
US Global 1.1%
Management Ownership – 3.2%

Management Profile

Kevin Bullock, President and CEO.
Mr. Bullock is a registered Professional Mining Engineer in the province of Ontario. Mr. Bullock was Volta Resources Inc.’s President and CEO and was the founding President and CEO of Goldcrest (a Volta predecessor company) since its inception in 2002. Mr. Bullock was instrumental in the growth of Volta from a shell company through to the ultimate sale of the company to B2Gold at the end of 2013.
Mr. Bullock has over 30 years of experience, at senior levels, in mining exploration, mine development, mine operations and capital markets. Throughout his career, Mr. Bullock has been involved in projects from inception through exploration to development and production. Mr. Bullock was most recently the CEO of Mako Mining Corp. and is currently a director of B2Gold. Mr. Bullock has also worked for Kirkland Lake Gold and Iamgold Corporation.

What is your rationale for taking part 121 Mining Investment?

The Company is advancing the Goldboro Project, a high-grade 11-year open pit mine in Nova Scotia with significant growth and exploration upside. Looking for investors keen on an undervalued Project with continued growth potential, and potential sources of Project development capital.

What recent news would you like to highlight to investors attending?

The Company released its definitive Feasibility Study in January of 2022 for the Goldboro Gold Project, which outlines a economically robust high-grade Project with significant upside.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

The Company is filing the Environmental Assessment Registration Document for the Goldboro Gold Project with regulators in Q2 2022. We will also be drilling to the west of the existing Goldboro deposit which continues along strike towards a past producing gold mine.


6 Months: 

The Company will be announcing infill drill results at Goldboro and initial drill results for expansion drilling to the west of the Goldboro Deposit.


12 Months:

Continued drill results from the west of the Goldboro Deposit, ongoing infill drilling and updates to the permitting process.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We rebranded the company to Signal Gold Inc. to position ourselves anew with all stakeholders as a growing and sustainable gold producer. Continued stakeholder engagement to manage permitting risks. Cost inflation could put pressure on capital costs, are building an experienced team to manage these risks through detailed engineering and construction.

What do you think makes your company such a compelling investment?

An opportunity to invest at an attractive price into a high-grade gold development Project in a top jurisdiction, with continued potential for growth and exploration upside.

What are the top 3 key investor takeaways?

An undervalued high-grade, long-life gold development Project, continued upside for growth, experienced management team.