Signal Gold


Primary ticker: TSX: ANX
Stage of development: Exploration, 
Primary minerals: Gold
Project to promote: Goldboro Gold Project
Project location: Nova Scotia, Canada 

Signal Gold Inc. is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland.

The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study (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). Anaconda also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~15,000 hectares of highly prospective mineral property, including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.


Debt: 0.8M

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 Gold 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 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.