par Signal Gold Inc. (NASDAQ:SGNLF)
Signal Gold Discovers Further Gold Mineralization West of the Goldboro Deposit, Intersecting 26.09 G/T Gold Over 8.9 Metres and 11.79 G/T Gold Over 4.1 Metres
TORONTO, ON / ACCESSWIRE / September 12, 2023 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce diamond drill results from the Company's growth exploration program at its Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). The 12,000-metre diamond drill program, the Company's largest ever growth exploration program, is targeting near-surface gold mineralization west of the Goldboro Deposit and has now discovered gold mineralization up to at least 450 metres west of previous resource definition drilling. The Company has completed 3,895 metres of the 12,000-metre program to date, with the current results comprised of 1,710 metres of drilling in nine (9) diamond drill holes (Exhibits A and B).
Selected composited highlights (core length) from the drill program include:
- 26.09 g/t gold over 8.9 metres (105.5 to 114.4 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 (49.9 to 54.0 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 (114.7 to 115.9 metres) in hole BR-23-388;
- 10.85 g/t gold over 1.3 metres (209.6 to 210.9 metres) in hole BR-23-395; and
- 21.16 g/t gold over 0.7 metres (80.5 to 81.2 metres) in hole BR-23-397.
"These exciting drill results demonstrate that mineralization associated with the Goldboro Deposit continues westward for at least an additional 450 metres, and the recent geophysical results strongly suggest that the alteration system and structure associated with the Goldboro Deposit continues for at least 1.4 kilometres through the past producing Dolliver Mountain Gold Mine. Our ongoing growth exploration drill program continues to demonstrate the potential to significantly increase the scale of the Goldboro Deposit and we have now initiated drilling in the area of the historic Dolliver Mountain Mine to test further strike potential with the goal of demonstrating continued resource growth immediately adjacent to planned mine and mill infrastructure."
~ Kevin Bullock, President and CEO, Signal Gold Inc.
The most recent drill results also included 16 instances of visible gold and 58 separate intersections of gold mineralization (Exhibits B and C) and demonstrate that the mineralization remains open at depth and to the west towards the past producing Dolliver Mountain Gold Mine*, where the Company is currently drilling.
*Operations began at the Dolliver Mountain Gold Mine in 1901 and the operation ceased in 1904.
A table of selected composited assay results from the drill program
Drill hole | From (m) | To (m) | Interval (m) | Gold (g/t) | Visible Gold |
BR-23-386 | 49.9 | 54.0 | 4.1 | 11.79 | VG |
including | 52.5 | 53.5 | 1.0 | 47.23 | VG |
and | 65.5 | 67.0 | 1.5 | 7.94 | VG |
including | 66.0 | 66.5 | 0.5 | 23.20 | VG |
and | 137.1 | 139.2 | 2.1 | 3.55 | |
including | 137.6 | 138.1 | 0.5 | 12.70 | |
and | 154.8 | 156.3 | 1.5 | 43.18 | VG |
including | 154.8 | 155.3 | 0.5 | 126.25 | |
BR-23-387 | 13.7 | 14.2 | 0.5 | 1.45 | |
and | 54.9 | 56.4 | 1.5 | 2.54 | |
and | 69.1 | 69.6 | 0.5 | 3.85 | VG |
and | 76.3 | 79.6 | 3.3 | 1.94 | |
including | 78.6 | 79.1 | 0.5 | 8.70 | |
and | 90.3 | 92.6 | 2.3 | 0.99 | |
BR-23-388 | 92.3 | 97.2 | 4.9 | 0.52 | |
and | 114.7 | 115.9 | 1.2 | 19.15 | VG |
including | 114.7 | 115.2 | 0.5 | 45.45 | VG |
and | 124.0 | 126.8 | 2.8 | 0.66 | VG |
and | 134.7 | 135.2 | 0.5 | 1.71 | |
and | 141.1 | 142.6 | 1.5 | 0.59 | |
BR-23-389 | 20.0 | 22.5 | 2.5 | 0.86 | |
and | 29.0 | 29.7 | 0.7 | 5.58 | |
and | 35.3 | 37.0 | 1.8 | 1.89 | |
and | 42.0 | 43.0 | 1.0 | 0.92 | |
and | 66.5 | 67.0 | 0.5 | 2.82 | |
and | 87.3 | 87.8 | 0.5 | 6.37 | VG |
and | 142.0 | 142.5 | 0.5 | 1.87 | VG |
and | 157.7 | 158.2 | 0.5 | 5.18 | |
BR-23-390 | 37.0 | 38.0 | 1.0 | 3.06 | |
and | 59.2 | 61.2 | 2.0 | 0.61 | |
and | 69.9 | 70.4 | 0.5 | 19.41 | VG |
and | 123.6 | 124.1 | 0.5 | 5.13 | VG |
and | 160.0 | 161.0 | 1.0 | 1.03 | |
BR-23-392 | 29.6 | 30.1 | 0.5 | 3.75 | VG |
and | 35.6 | 37.1 | 1.5 | 0.98 | |
and | 83.1 | 86.1 | 3.0 | 0.96 | |
including | 83.1 | 83.6 | 0.5 | 3.84 | |
and | 110.9 | 111.4 | 0.5 | 2.17 | |
and | 113.9 | 114.9 | 1.0 | 1.10 | |
and | 126.0 | 127.0 | 1.0 |