The Assay TV - Kevin Bullock, President, CEO, & Director, Signal Gold (TSX:SGNL)

we've picked up about 272 Square km of ground so when we started we had a 7 km strike length we've now got over 50 kilometers um in a very large land position with a lot of regional opportunities so we've got many targets that we're building [Music] up welcome to those tuning in to the as TV where today I'm delighted to be joined by Kevin bulock the CEO and director of signal gold welcome Kevin thank you glad to here well a great starting point would just be to recap to some of our viewers what the companies about a little bit of the journey yeah signal gold acquired a property in 2017 which was a gold property in Eastern Canada in the province of Nova Scotia and we've since then moved it to a resource of 3 million ounces of gold um it's currently the largest gold deposit in Nova Scotia and it's the highest grade undeveloped open pit on the east coast of Canada excellent you've been doing some exploration work there um particularly on the Stewart Target can you a little bit about that yeah the steuart target is unique because our our current resource is in a different scenario it's in the Muma train whereas the steuart target is a contact between a granite and the background argillites and we're quite interested because there's a boulder a quartz Boulder train coming down from it that asses that assay is in Gold there's uh many anomalies coming from it and it's it's recently acquired so we're out on the ground now geologists doing the ground workor to come up with drill targets and that isn't your only high priority Target isn't not you've got a few others in the pipeline several others we've picked up about 272 Square km of ground so when we started we had a 7 km strike length we've now got over 50 kilometers um in a very large land position with a lot of regional opportunities so we've got many targets that we're building up and you just mentioned novas Scotia how do you find that operating there in terms of Permitting infrastructure how are we finding it yeah Nova Scotia is a great place obviously Canada is a great jurisdiction to work in um it's it's well respected and well thought of in the mining Community Nova Scotia is a little little diff difficult and a little different in that the migma of Nova Scotia which is the first Nations group um uh has has claims to the entire Province and therefore there is a process that you have to go through with the First Nations groups fortunately we've been able to get a great relationship with them um and and are working towards a mutual benefits agreement the permitting is is slow um we think that it needs to be um it needs to be changed a little bit to speed up the process um but it is absolutely um doable and we are working towards getting our permits so you say ESG is quite at the center of your company's operations yes absolutely we've got a fantastic ESG team we've been working with the migma and with The Regulators of Nova Scotia to ensure that we have a very viable project that's uh that's uh very good for the environment and that we consider all of our discharges um and take care of them with water treat treatment plant Etc excellent and obviously all of this costs a lot of money how well financed are we moving into H2 yeah we're pretty good we've got 7 million in the bank we're working towards uh doing a 4,000 meter drill program and um finalizing all our permits um on that front we've actually applied for every single permit that we require all the applications are in so the big spend has been done and we're working towards just answering outstanding questions that we feel will be fully permitted within the year so what would you say the next steps are in terms of of um the the project advancement wise imminent steps yeah I think that over the next several months we'll start seeing permits being announced um the ones outstanding are the crown land lease the mineral lease um the Fisheries offsetting schedule to Amendment and uh the industrial approval so I think we'll start seeing some of those start getting announced as being received and as we do that we'll also be announcing um results of our drilling program so we're just starting a 4,000 meter campaign West of the current resource where we've been hitting uh the zones that continue to the west of the West pit excellent just a little wrap up for our investors how can you summarize a company major things to look out for yeah news releases on drill results that are infilling west of the current resource to show growth uh finalization of permits coming over time over the next 12 months we believe will be fully permitted and uh you know as we move towards that there should be rtings in the stock As you move towards getting further permits and showing growth potential of the company so there'll be a lot of news out and it's quite an exciting time for the company excellent well thank you for spending some time with us today and we look forward to hearing more thank you Katie

Channel: 121 Mining Investment TV

Views: 1,443

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Length: 4min 46sec (286 seconds)

Published: Wed May 29 2024