TSX – SGNL OTCQX – SGNLF
Signal gold is a junior gold producer, focused on Atlantic Canada.
They produce actually approximately 20 000 ounces per year and target to reach the 150 000 ounces per year when the Goldboro project will be in full production.
The company operates mining and milling operations in the Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailing facilities and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.
Signal is also developing the GOLDBORO Gold Project in Nova Scotia, a high-grade resource with over 2.5 million ounces.
HERE ARE SOME HIGHLIGHTS FROM THE LATEST FEASIBILITY STUDY:
Open pit Measured and Indicated Mineral Resources of 1,422,000 ounces
(15.7 Mt at 2.82 g/t gold)
Underground Measured and Indicated Mineral resources of 1,159,000 ounces
(5.9 Mt at 6.09 g/t gold);
At a gold price of US$1,760, Goldboro could generate cumulative after-tax net
cash flows of approximately $684 million