Signal Gold Completes Airborne Geophysical Survey and Identifies Multiple Exploration Targets in the Goldboro Gold District - Seite 2

~ Kevin Bullock, President and CEO, Signal Gold Inc.

The Company has used historical exploration data, in conjunction with recent ground Induced-Polarization (IP) surveys, to construct a robust model for regional exploration targeting. This model has proved successful in our recent drilling west of the current Mineral Resource at the Goldboro Deposit and towards the past producing Dolliver Mountain Gold Mine*. Since 2023, the Company has conducted 3,945-line kilometres of airborne surveys which indicated numerous VLF anomalies consistent with our exploration model and associated with both the Goldboro and Lower Seal Harbour Trends, which cover a combined 51 kilometers of strike potential, including areas with little to no previous exploration work. The Company will continue to evaluate the geophysical data recently acquired to determine if there are additional high priority targets.

The airborne survey was completed by Terraquest Ltd. and comprises high-resolution aeromagnetics, horizontal gradiometer and matrix digital VLF electromagnetics. The survey was flown at 100m north-south line spacing with one (1) kilometre spaced tie lines.

Foto: Accesswire

Exhibit A: A map showing the extent of an ~ 1,245-line kilometre airborne magnetic and VLF survey over the ~7,771 hectare of newly acquired licenses, shown in pink, at the Goldboro Gold Project. This survey is in addition to a similar survey conducted over the remainder of the property in 2023.

Foto: Accesswire

Exhibit B: A map showing the extent of airborne magnetic coverage over the entire property, including preliminary magnetic results from the recent airborne survey. Also shown are the four key exploration target areas including the Stewart, Fowler, Armstrong and Hurricane targets.

*Operations began at the Dolliver Mountain Gold Mine in 1901 and the operation ceased in 1904.

This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.

ABOUT SIGNAL GOLD
Signal Gold is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022, for further details). On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and the Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and the Company has consolidated 27,200 hectares (~272 km²) of prospective exploration land in the Goldboro Gold District.

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