Signal Gold Inc. (TSE:SGNL) has released an update.
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Signal Gold Inc. reports a promising first quarter in 2024 with significant investments in the Goldboro Project and the commencement of a 5,000-metre drill program aimed at expanding the gold deposit. The company is actively seeking to advance the project towards becoming a fully permitted construction-ready site in Canada, despite a net comprehensive loss from operations. Signal Gold has a healthy cash balance and is working with BMO Capital Markets to explore strategic alternatives for the project.
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