Signal Gold Inc. announced that it has commenced a 2,700-line kilometre airborne magnetic and very low frequency electromagnetic ("VLF") survey over its extensive land position in the Goldboro Gold District in Nova Scotia, which includes the Goldboro Project ("Goldboro", or the "Project"). The airborne survey is designed to cover the entirety of the Company's recently expanded land position comprising approximately 19,450 hectares (194.5 km2) of prospective mineral exploration licences and in particular will test the 28-kilometre strike length along the Upper Seal Harbour Anticline (the "Goldboro Trend") and the 23-kilometre strike length across the Lower Seal Harbour Anticline (the "Seal Harbour Trend"). The survey is being completed by Terraquest Ltd. and comprises high-resolution aeromagnetics, horizontal gradiometer and matrix digital VLF electromagnetics.
The survey will be flown at 100 metre north-south line spacing with one (1) kilometre tie lines. Compilation of historic geophysical data by the Company indicates that VLF forms a distinct, linear conductive-high response was closely aligned with the hinge of the host anticline along the Goldboro Trend, including the host structure of the Goldboro Deposit. The Company has used this historic 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 recent drilling west of the current resource model and towards the past producing Dolliver Mountain Gold Mine where multiple gold bearing quartz veins have been intersected.