Signal Gold Consolidates Control of Emerging Goldboro Gold District in Nova Scotia

Signal Gold Inc. (TSX: SGNL, OTCQX: SGNLF) is a growth-focused gold exploration and development company. It is advancing the high-grade Goldboro Gold Project in Nova Scotia, which hosts a multi-million ounce gold deposit amenable to open pit mining. With a strong financial position and proven technical team, Signal Gold is positioned to unlock value through systematic exploration and phased development.

Signal Gold has significantly expanded its land position around the Goldboro deposit, acquiring over 15,000 hectares of new exploration ground. This consolidates the majority of the prospective Goldboro Gold District, extending strike lengths to 28km along the Goldboro Trend and 23km along the Seal Harbour Trend.

The company will be carrying out an extensive 12,000m growth exploration drill program, aiming to expand the current Goldboro resource. There is potential to discover additional mineralization along the district's two main anticline structures.

While Signal Gold continues to advance permitting for Goldboro, the company has slowed expenditure to focus on resource growth and optimization. Construction start is delayed past early 2024 due to permitting delays and challenging markets.

The consolidation of the Goldboro District provides Signal Gold with a substantial exploration base surrounding a major development project. There is significant upside potential through resource expansion and new discoveries.

For investors, Signal Gold offers an advanced gold development project with exploration upside in a top-tier mining jurisdiction. The recent acquisition of additional prospective ground highlights the potential to outline a multi-million ounce district-scale gold system.