Announcement Date: 2022-07-26
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Signal Gold Inc.
Project name: Point Rousse
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 17.0m @ 0.91g/t Au from 54.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ON / ACCESSWIRE / July 26, 2022 / Signal Gold Inc., (“Signal Gold” or the “Company”) is pleased to announce exploration drill results from the Company’s Point Rousse operation (“Point Rousse”) in the Baie Verte Mining District of Newfoundland (Exhibit A). The diamond drill program included 4,222.0 metres in 29 drill holes testing five main exploration targets (the “Exploration Program”). Drill holes at the Corkscrew and Big Bear targets continue to demonstrate the presence of a strong gold mineralized system within the Goldenville Trend, building on the results announced in March 2022 (Exhibit B). The Company also completed and received data for a total of 90.1-line kilometres of Induced Polarization (“IP”) ground geophysical surveys on three (3) grid areas, Corkscrew-Big Bear, Animal Pond and Goldenville, outlining several new targets for follow-up drill testing. A review of the data generated during the Exploration Program including the recently completed 90.1 line-kilometre IP geophysical survey, as well as previous exploration data, has led to the identification of further high-priority exploration targets at Point Rousse, including the Pumbly Point, Corkscrew-Big Bear, Iron Formation
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