Signal Gold (SGNL) - Exploration to Stick a Wedge in the Lassonde Curve

Signal Gold Inc. is a TSX and OTCQX -listed gold mining and development company, focused on the advancement of its projects in Nova Scotia and Newfoundland. The Goldboro project of the company is a 592-hectare land package located 175 km northeast of the city of Halifax. The company published a feasibility study of the Goldboro gold project in 2021, which includes highlights such as an 11-year life of mine with an average gold production of 100,000 ounces annually. The after-tax NPV5% of the project is CAD$ 328 million with an after-tax internal rate of return (IRR) of 25.5%. The projected after-tax payback period is 2.9 years.