Signal Gold Inc. (TSE:SGNL) has released an update.
Signal Gold Inc. has reported advancements in its Goldboro Project for Q1 2024, including the initiation of a new 5,000-metre drill program focused on expanding mineral resources and advancing project permits. Despite a challenging market for junior miners, the company has demonstrated continuity of gold mineralization over a 3.4-kilometer strike and has increased its exploration area. Financially, Signal Gold recorded a reduced net loss compared to the previous year and maintains a solid cash position, though it has a working capital deficit.
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