Signal Gold Inc. announced that it has commenced a 1,400-line kilometre airborne magnetic and very low frequency (VLF) electromagnetic survey over its recently expanded exploration land position immediately north of, and contiguous with, the Goldboro Project (Goldboro, or the Project), which was acquired through the staking of seven (7) exploration licenses covering 7,771.2 hectares. Excitingly, this newly acquired exploration area, known as Stewart Brook, covers an area of historic till sampling which defined a combined gold, antimony and tungsten till anomaly over a 10 by 4-kilometre area. These anomalous till samples and associated geophysical targets have not been previously drill tested and represent additional discovery potential in the Goldboro Gold District.

The company has now consolidated its exploration license area to over 27,200 hectares (~272 km2) surrounding the Company's Goldboro Gold Project in Nova Scotia, which encompasses a 28-kilometre strike length along the Goldboro Trend and a 23-kilometre strike length along the Seal Harbour Trend. The airborne geophysical survey is critical as compilation of historic geophysical data by the Company indicates that the VLF signatures form a distinct, linear conductive-high response that is 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 its 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. In 2023, the company conducted a 2,700-line kilometre airborne survey which indicated numerous VLF anomalies associated with both the Goldboro and Lower Seal Harbour Trends, a combined 51 kilometers of strike potential, including areas with little to no previous exploration work. Based on the high-resolution magnetic and VLF data sets, the Company is undertaking a geological mapping and prospecting program to further refine and test new targets and develop detailed exploration plans to ultimately drill test the highest priority targets.

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 100m north-south line spacing with one kilometre tie lines.