Signal Gold Identifies Further Growth Targets at Hurricane and Armstrong in the Goldboro Gold District

TORONTO, ON / ACCESSWIRE / May 8, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has commenced exploration work at the Hurricane and Armstrong growth targets located west and southwest, respectively, of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada ("Goldboro", or the "Project") (Exhibit A). Following the completion of data compilation and a regional airborne geophysical survey, the Company has been able to identify many high priority targets across its extensive exploration land package of approximately 27,200 hectares (~272 km2) in the historic Goldboro Gold District, including Hurricane and Armstrong.

The Hurricane target is located within the 23-kilometre-long Seal Harbour Trend, a feature characterized by several historic mining operations^ coincident with the anticlinal structure which hosts the past-producing Lower Seal Harbour and Hurricane Mines*. This target is 7.4 kilometres long and is further defined by coincident magnetic and very low frequency ("VLF") electromagnetic geophysical responses. VLF anomalies are known to form a distinct, linear conductive-high response closely aligned with alteration associated with gold mineralization (Exhibit A). Similarly, the 8.5-kilometer-long Armstrong target is located within the 28-kilometre long Goldboro Trend, a feature coincident with the anticlinal structure that hosts the historic Goldboro and Dolliver Mountain mines* and is coincident with magnetic and VLF geophysical responses that locally resemble the geophysical expression of Goldboro and other deposits (Exhibit A). Based on the high-resolution magnetic and VLF data sets, the Company has initiated a geological mapping and prospecting program in addition to permitting of ground geophysical work as well as till and soil geochemical surveys to provide the data to develop specific drill targets.

"The Hurricane and Armstrong targets lay within two highly prospective gold trends that include historic mines coincident with modern geophysical anomalies that produce exciting exploration targets with the potential for new discoveries of Goldboro-like deposits. These targets have not previously seen meaningful modern or systematic exploration work; we have now commenced field work and permitting efforts to gather the information that will allow us to develop specific drill targets. The Hurricane and Armstrong targets are amongst our initial list of high priority exploration targets, along with Stewart and Fowler, that form the basis of our regional exploration program in 2024, each providing the near-term potential for discovery of additional gold mineralization to compliment the significant and growing gold endowment of the Goldboro Deposit."

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2457,43$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

UBS

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer