on Signal Gold Inc. (NASDAQ:SGNLF)
Signal Gold Inc. Reports High-Grade Gold Intersections in Goldboro Drilling Program
Signal Gold Inc. (TSX:SGNL) announced encouraging assay results from its 5,179-metre diamond drilling program at the western extension of the Goldboro Deposit in Nova Scotia. The program aims to identify additional open-pit mineral resources. Recent highlights include notable intersections of 73.92 g/t gold over 3.8 metres and 16.00 g/t gold over 4.5 metres.
Kevin Bullock, President and CEO, expressed optimism, stating that the results show continuity of the gold deposit to the west. Noteworthy high-grade intercepts further outline the potential for resource growth. The drill program reported several high-grade zones and visible gold occurrences in multiple holes.
The company plans to expand exploration efforts across its consolidated land package. Final assay results for additional drill holes are pending.
R. P.
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