on Signal Gold Inc. (NASDAQ:SGNLF)
Signal Gold Initiates Drilling at Western Extension of Goldboro Project
Signal Gold Inc. has commenced exploration drilling on the western extension of the Goldboro Deposit in Nova Scotia. The targeted area lies immediately west of the existing Goldboro Deposit, with drilling intending to extend near-surface mineral resources.
The program involves up to 5,000 meters of diamond drilling. Early drill holes have intersected gold mineralization, with visible gold occurrences noted. Assay results are still pending.
Additionally, Signal Gold has staked seven new exploration licenses in the Goldboro Gold District, expanding its exploration land to 28,525 hectares. No royalties are attached to these new licenses.
Kevin Bullock, CEO, highlighted the potential for developing an open-pit mineral resource and further gold discoveries, noting increased mineralization to a total strike length of 3.4 kilometers.
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