Interview with Kevin Bullock, President & CEO of Signal Gold Inc.

Our previous interview: https://www.cruxinvestor.com/posts/signal-gold-sgnl-expands-goldboro-district-through-aggressive-drilling-financing-pursuit-3242

Recording date: 13th September 2023

Signal Gold Inc. (TSX: SGNL) is focused on advancing exploration and development of its 100% owned Goldboro gold project located in the Canadian province of Nova Scotia. Goldboro hosts a high-grade gold resource amenable to open pit and underground mining, with strong potential for expansion.

The Goldboro gold project covers approximately 200 square kilometers in the emerging gold mining district of eastern Nova Scotia. The project is located just 185 kilometers northeast of Halifax, providing easy access to skilled labor, supplies and infrastructure.

Nova Scotia is considered a top-tier mining jurisdiction, with a stable political environment and straightforward permitting process. The provincial government is supportive of new mine development, highlighting the benefits for job creation and economic growth.

Goldboro hosts an estimated gold resource of 3 million ounces grading approximately 11 g/t. This places it amongst the highest grade undeveloped gold projects in Canada. Over 90% of the resource is in the measured and indicated category.

An NI 43-101 compliant feasibility study outlines production of 100,000 ounces per year over a 7 year mine life from the defined reserves. However, Signal Gold sees strong potential to expand well beyond this through additional exploration and mine optimization.

Recent exploration drilling by Signal Gold has intersected high-grade mineralization extending hundreds of meters outside the current pit shells. This points to the potential delineation of a third open pit, which could substantially increase the tonnage and annual gold production over the feasibility study life of mine.

The deposit also contains an underground inferred resource, which has not yet been incorporated into development plans. Upgrading a portion of this to measured and indicated through additional drilling could allow Signal Gold to add an underground mining component alongside the open pits.

Over the past year, Signal Gold has expanded its land position around Goldboro from 20 sq km to over 200 sq km. This has increased the strike length of known mineralization from 3 km to more than 40 km. Further exploration along this trend offers significant potential for new near-surface discoveries.

With Goldboro’s robust economics and exploration upside, Signal Gold is engaged in discussions with potential strategic partners to advance the project. The aim is to attract the right partner to help optimize the asset while preserving upside potential for shareholders.

A joint venture or partial project acquisition could provide capital for further optimization work and construction. This would leave shareholders with exposure to a de-risked project on the path to near-term production in a premier mining jurisdiction.
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View Signal Gold's Company Profile: https://www.cruxinvestor.com/companies/signal-gold

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