Signal Gold hits key milestone in Nova Scotia - CanadianInvestor CanadiansInvest
-OTCQX] said Wednesday it has received environmental assessment approval from the provincial government for its Goldboro Gold Project in Nova Scotia.
“Signal Gold is extremely pleased to have received the environmental approval for its Goldboro Gold Project, an important milestone that reflects the culmination of five years of environmental baseline monitoring and analysis,’’ said Signal Gold President and CEO Kevin Bullock. Signal Gold shares, which closed at 41 cents on August 2, 2022, where scheduled to resume trading at 11:00 a.m. on Wednesday. The shares are currently trading in a 52-week range of 94 cents and 32 cents.
It said proceeds of the offering were earmarked to advance activities related to the development and exploration a the Goldboro Gold Project, which is expected produce over 1.1 million ounces of gold over an 11-year open pit mine life according to an open pit feasibility study announced in December, 2021. Average production is forecast at 100,000 ounces annually at a grade of 2.26 g/t.
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