Merger Between Gold Cos. to Offer 'Significant Growth Potential': https://ow.ly/Wv9w50TJ8RM
NexGold Mining Corp. and Signal Gold Inc. entered into an agreement to combine and produce 200,000 ounces of gold per year from their projects in Ontario and Nova Scotia. One analyst calls it a "major positive development" and recommends both stocks.
$NEXG:TSXV $NXGCF $SGNL:TSX $SGNLF #goldstocks
$SGNLF Signal Gold initiates further drilling at western extension of Goldboro
Signal Gold will initiate further exploration drilling on the western extension of the Goldboro Deposit at the Company's Goldboro Project in Nova Scotia. The drill program, which will be comprised of up to 5,000 metres of diamond drilling, will follow-up on the Company's discovery in 2023 of near-surface, high-grade gold mineralization immediately west of the Goldboro Deposit, all located within the same anticline which hosts the Goldboro Deposit. Initial 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. "We are excited to initiate further drilling at the western extension of the Goldboro Deposit and follow-up on our 2023 discovery of continued gold mineralization to the west, which brings the total strike length of known gold mineralization to 3.4 kilometres at Goldboro. Preliminary geological modelling of the drill results from the western extension demonstrates the potential to both develop an open-pit mineral resource and expand the known gold mineralization. This drill program will allow us to further advance and refine the geological model and the open-pit mineral resource potential. Concurrently, we also see further potential for discovery regionally following recent data compilation and ongoing airborne geophysical surveys over our significantly expanded land package and will be providing further guidance on regional exploration targets in the near future. The initiation of drilling of the western extension combined with ongoing regional exploration continues to demonstrate the scale potential of the Goldboro Gold District." said Kevin Bullock, President and CEO, Signal Gold Inc.
$SGNLF 3 of 3 - Signal Gold announces diamond drill results from Goldboro Project
....where the Company recently completed drilling. Drill holes BR-23-402 and 406 were designed to target IP chargeability anomalies parallel to, but north and south of the main host structure and IP chargeability Trend. Drill hole BR-23-402 to the north of the Goldboro Trend did not intersect any significant gold mineralization associated with the flanking chargeability response. Similarly drill hole BR-23-407 to the south of the Goldboro Trend did not intersect significant gold mineralization associated with the flanking chargeability response but did intersect gold deeper within the hinge of the anticline within the West Goldbrook System. Assays are pending for an additional 32 drill holes totaling 6,195 metres from the Drill Program and will be reported in future news releases.
$SGNLF 2 of 3 - Signal Gold announces diamond drill results from Goldboro Project
....109.91 g/t gold over 0.5 metres in hole BR-23-399; 2.44 g/t gold over 1.7 metres in hole BR-23-405; 1.76 g/t gold over 2.4 metres in hole BR-23-399; Previously reported drilling in this area has outlined high-grade gold mineralization with selected composited highlights including: 26.09 g/t gold over 8.9 metres in hole BR-23-393 including 79.18 g/t gold over 0.5 metres and 371.59 g/t gold over 0.5 metres; 11.79 g/t gold over 4.1 metres in hole BR-23-386 including 47.23 g/t gold over 1.0 metres; 19.15 g/t gold over 1.2 metres in hole BR-23-388; 10.85 g/t gold over 1.3 metres in hole BR-23-395; 21.16 g/t gold over 0.7 metres in hole BR-23-397. Drilling in the area up to 450 metres west of the Goldboro Deposit continues to identify gold mineralization and demonstrate that the mineralization remains open at depth and to the west towards the past producing Dolliver Mountain Gold Mine...
$SGNLF 1 of 3 - Signal Gold announces diamond drill results from Goldboro Project
Signal Gold announced diamond drill results from the initial step-out exploration program at the Company's Goldboro Project in Nova Scotia. The step-out drilling program, comprising 6,026.5 metres from 31 holes, targeted near-surface gold mineralization immediately west of the Goldboro Deposit and has now discovered gold mineralization up to at least 450 metres west of previous resource definition drilling. This initial program is part of a larger growth exploration program that has successfully tested a 1.4-kilometre strike extent of the Goldboro Trend west of the existing Goldboro Mineral Resource. The current results comprise 1,446.5 metres of drilling from seven diamond drill holes and include 27 separate intersections of gold mineralization and three instances of visible gold. Selected composited highlights from the current drill holes including...
$SGNLF Signal Gold Announces Upsize and Completion of Previously Announced Private Placement for Proceeds of $5.02 Million
Article Available on StockTitan Website.
$SGNLF Signal Gold Announces a Non-brokered Private Placement For Up to $2.0 Million to Advance the Goldboro Project and Completes First Tranche of Financing
Article Available on StockTitan Website.
$SGNLF Signal Gold Identifies Further Growth Targets to Expand the Potential of the Goldboro Gold District
https://www.stocktitan.net/news/SGNLF/signal-gold-identifies-further-growth-targets-to-expand-the-0iksljsc56fc.html
