Goldboro 2021 Feasibility Study: A Robust Open Pit Project
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Phased Development Approach for Long Life Mine
Signal Gold is approaching the development of Goldboro
in a disciplined, capital efficient, phased approach, with
the Phase I Feasibility Study focused on the surface mining
component of a longer-term plan that would incorporate
underground mining into the Project
Starting with open pit mining provides lead time to
drill off, upgrade and grow underground resources
Based on the June 2021 Preliminary Economic
Assessment, UG development would start in Year 6
The Phase II development is expected to take 18 to
24 months for underground production to start up
Based on the PEA, the feed split would then be 2,200
t/d from the pit, 1,800 t/d from underground
5200EL
204,800E
294 600E
294400E
294 200E
Portal #1
East Pit
Portal #2
5.000F
4800EL
4.600EL
4,400EL
204,800E
Mining Blocks
East
Upper Central
Lower Central
Southwest
West
254,600E
24,400E
204,200E
24,000E
203,800E
290,000E
www
294,000E
Main Fresh
Air Raise
203.800E
293.600E
293400E
293 200E
293 000E
Portal #3
West Pit
Portal #4
5000EL
0 200
400 600 800 1000
Meters
3009608
Looking Due South
293,200E
203,000E
15
292,000E
4,400EL
4,600EL
4,800EL
292 BOGE
5,200EL
SIGNAL
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