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.
SSI Asset Management 6%
Falcon Capital 5.5%
Earth Resources 4.6%
US Global 1.1%
Management Ownership – 3.2%
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.
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.
The Company will be announcing infill drill results at Goldboro and initial drill results for expansion drilling to the west of the Goldboro Deposit.
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.
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.