Signal Gold Completes Airborne Geophysical Survey and Identifies Multiple Exploration Targets in the Goldboro Gold District

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has completed a 1,245-line kilometre airborne magnetic and very low frequency ("VLF") electromagnetic survey over its recently expanded exploration land position immediately north of, and contiguous with, the Goldboro Project ("Goldboro", or the "Project). The Company now has geophysical and VLF data over the entirety of its exploration property package of approximately 27,200 hectares (~272 km2) of prospective exploration land in the Goldboro Gold District

In addition, the Company has completed the compilation of historic geological and exploration data from the expanded property, which included databasing and the interpretation of more than 10,000 till and soil geochemical samples, 416-line kilometers of ground geophysics, 14 diamond drill holes, 116 reverse circulation drill holes, and more than 1,500 rock samples. The preliminary analysis of the historical data along with recently completed airborne and ground geophysical surveys has led to the identification of an initial four high priority growth targets: the Stewart, Fowler, Armstrong and Hurricane targets (Exhibit A and B). The Company is initiating exploration programs this spring which will further assess these prospective areas and develop specific drill targets, with the goal of identifying new discoveries while we continue drilling the western extension of the Goldboro Deposit.

"We are excited with the results of the recent airborne magnetic and VLF geophysical survey and historical compilation work over our significant land position in the Goldboro Gold District, which has highlighted numerous high-quality targets for gold discovery. We now have complete airborne geophysical data for our entire land position and a critical mass of valuable data, compiled at little cost, which has allowed us to construct a robust model for regional exploration targeting. We plan on sharing further details on each of these initial high-priority targets in the coming weeks and continue to work with our significant geological database to identify further targets. Our regional exploration activity continues to demonstrate the scale and gold camp potential of the Goldboro Gold District."

~ Kevin Bullock, President and CEO, Signal Gold Inc.

The Company has used historical exploration data, in conjunction with recent ground Induced-Polarization (IP) surveys, to construct a robust model for regional exploration targeting. This model has proved successful in our recent drilling west of the current Mineral Resource at the Goldboro Deposit and towards the past producing Dolliver Mountain Gold Mine*. Since 2023, the Company has conducted 3,945-line kilometres of airborne surveys which indicated numerous VLF anomalies consistent with our exploration model and associated with both the Goldboro and Lower Seal Harbour Trends, which cover a combined 51 kilometers of strike potential, including areas with little to no previous exploration work. The Company will continue to evaluate the geophysical data recently acquired to determine if there are additional high priority targets.

The airborne survey was completed by Terraquest Ltd. and comprises high-resolution aeromagnetics, horizontal gradiometer and matrix digital VLF electromagnetics. The survey was flown at 100m north-south line spacing with one (1) kilometre spaced tie lines.

Exhibit A: A map showing the extent of an ~ 1,245-line kilometre airborne magnetic and VLF survey over the ~7,771 hectare of newly acquired licenses, shown in pink, at the Goldboro Gold Project. This survey is in addition to a similar survey conducted over the remainder of the property in 2023.

Exhibit B: A map showing the extent of airborne magnetic coverage over the entire property, including preliminary magnetic results from the recent airborne survey. Also shown are the four key exploration target areas including the Stewart, Fowler, Armstrong and Hurricane targets.

*Operations began at the Dolliver Mountain Gold Mine in 1901 and the operation ceased in 1904.

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, a significant regulatory milestone, and the Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment, and the Mining and Crown Land Leases. 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 27,200 hectares (~272 km2) of prospective exploration land in the Goldboro Gold District.

FOR ADDITIONAL INFORMATION CONTACT:

Signal Gold Inc.
Kevin Bullock
President and CEO
(647) 388-1842
kbullock@signalgold.com
Reseau ProMarket Inc.
Dany Cenac Robert
Investor Relations
(514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com

SOURCE:Signal Gold Inc.



View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

SGNL:CA
The Conversation (0)

Signal Gold Begins Drilling at the Western Extension of Goldboro, Targeting Increased Mineral Resources

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce exploration drilling has commenced on the western extension of the Goldboro Deposit at the Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). The drill program, which comprises up to 5,000 metres of diamond drilling, is designed to extend near-surface mineral resources immediately west of the existing Goldboro Deposit (Exhibit A and B). Geological modelling of the gold mineralization identified in 2023 indicates the potential to delineate additional open-pit Mineral Resources, and the potential for further gold discoveries. Initial drilling of the first two drill holes has successfully intersected gold mineralization with 5 occurrences of visible gold as well as intersecting the host structure and associated alteration. Assays are pending for all samples collected to date

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Signal Gold Announces Results From Annual General Meeting of Shareholders

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that all resolutions proposed to shareholders at the annual general meeting held today were duly passed

All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Signal Gold Identifies Further Growth Targets at Hurricane and Armstrong in the Goldboro Gold District

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has commenced exploration work at the Hurricane and Armstrong growth targets located west and southwest, respectively, of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada ("Goldboro", or the "Project") (Exhibit A). Following the completion of data compilation and a regional airborne geophysical survey, the Company has been able to identify many high priority targets across its extensive exploration land package of approximately 27,200 hectares (~272 km2) in the historic Goldboro Gold District, including Hurricane and Armstrong

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Signal Gold Announces 2024 First Quarter Results

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to report its business and financial results for the three months ended March 31, 2024 ("Q1 2024"). The condensed interim consolidated financial statements and management discussion and analysis documents can be found at www.sedarplus.com and the Company's website, www.signalgold.com. All dollar amounts are in Canadian dollars unless otherwise noted

"Despite ongoing challenging capital markets for junior mining companies, Signal Gold has made strong progress at the Goldboro Project during the first quarter of 2024. We remain focused on value creation through exciting exploration initiatives to generate new discoveries and increased mineral resources in the Goldboro Gold District, especially at the western extension of the Goldboro Deposit where we recently commenced a 5,000-metre drill program. The Company also continues to advance key Project permits, with consultations with respect to the Fisheries Act Authorization and Schedule 2 Amendment having commenced during the quarter. In parallel, we continue to evaluate potential strategic alternatives to advance the Goldboro Project, with BMO Capital Markets acting as financial advisor, as well actively considering options with respect to the credit facility with Nebari. The Company remains committed to advancing the Goldboro Project to become the next fully permitted, construction ready, gold project in Canada. "

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Signal Gold to Commence Exploration at the High Priority Stewart Target North of the Goldboro Deposit

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has commenced exploration work at the Stewart target approximately 10 kilometres northwest of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada ("Goldboro", or the "Project") (Exhibit A). Recently staked by the Company, the area has quickly become a high priority growth target within its extensive exploration land package of approximately 27,200 hectares (~272 km2) in the historic Goldboro Gold District

The Stewart target comprises a 10 by 4-kilometre area of combined gold, antimony, and tungsten till anomalies that is centered on two large granite intrusives that, along with adjacent sedimentary rocks, have potential to host poly-metallic skarn mineralization (Exhibit A). Information from the recently completed airborne geophysical survey has outlined a 4-kilometre-long zone of highly magnetic rocks at the terminus of the till anomaly that forms a compelling exploration target (Exhibit B). Additionally, initial prospecting has located numerous quartz-vein boulders throughout the target area, as well as historic undocumented trenches that require follow-up exploration. Historic samples taken within the target region demonstrate gold in till values ranging from 0 to 7,000 parts per billion ("ppb") gold, with 20 of these samples assaying above 220 ppb gold within the target area. Using this information, the Company is planning a program of geological mapping and prospecting, soil and till geochemistry, as well as targeted ground geophysical surveys to identify specific drill targets.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement offering (the "Offering") of up to 8,850,000 common shares in the capital of Maritime (the "Offered Securities") to be issued at $1.13 per Offered Security (the "Issue Price") for gross proceeds of up to $10,000,500.

The Company will also grant the Agents an option (the "Agents' Option") to sell up to an additional 1,327,500 Offered Securities at the Issue Price for additional gross proceeds of up to $1,500,075, exercisable in whole or in part by the Agents at any time 48 hours prior to the Closing Date (as defined herein).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Wooden blocks spelling "M&A" on a computer keyboard.

Tudor to Acquire American Creek in Latest Gold M&A Deal

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC's Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

"Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost," said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

Keep reading...Show less
Gold bars in stacks.

Top 7 ASX Gold ETFs in 2025

The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.

For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.

Gold exchange-traded funds (ETFs) give investors a relatively easy way to get exposure to physical gold without having to worry about the extra hassle of buying and storing the metal — not to mention insuring it. Gold ETFs can also track a basket of gold-focused stocks, allowing investors to spread risk instead of betting on individual companies.

Keep reading...Show less
Equity Metals Drilling Underway on the Silver Queen Ag-Au Property, British Columbia

Equity Metals Drilling Underway on the Silver Queen Ag-Au Property, British Columbia

Equity Metals Corporation (TSXV: EQTY) ("Equity" or the "Company") reports that drilling is underway on the 100% owned 18,871 ha Silver Queen Property, northern British Columbia. Four holes totaling 1,422 metres of the planned 18 hole, 6,000 metre 2025 drill program have been completed to date, with the current holes testing down-dip of higher-grade mineralized intercepts from the 2024 drilling (see Figure 2 and 2024 highlights below). Subsequent drilling will continue testing along strike, up to 400 metres laterally to the northwest. Drill core is being logged and sampled for analyses with assays anticipated in the coming weeks.

The 2025 drill program is a continuation of drilling completed in Q4/24, which successfully confirmed both the grade and tenor of mineralization beneath historical underground workings beyond the northwestern end of No. 3 resource blocks. Drilling at that time extended the projection of the No. 3 Vein for 400 metres strike-length and to over 250 metres depth below surface. Mineralization remains open both laterally and at depth, and expanding projections of that mineralization is the target of the current 2025 drill program on the property.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×