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  • Signal Gold (SGNL) has received environmental approval to begin work on its Goldboro Project
  • The Toronto-based metals explorer’s project is located in the Eastern Goldfields District of Nova Scotia
  • The approval marks a significant milestone in the regulatory approval process, allowing the company to begin site-specific permitting processes
  • The company will now review the terms and conditions of the approval and review all comments provided by rights-holders and community stakeholders
  • Signal Gold is up 19.51 percent, trading at $0.49 at 11:14 am ET

Signal Gold (SGNL) has received environmental approval to begin work on its Goldboro Project.

The project of the Toronto-based gold mining, development, and exploration company is located in the Eastern Goldfields District of Nova Scotia.

The Environmental Assessment approval comes from the provincial government.

The approval marks a significant milestone in the regulatory approval process, allowing the company to begin site-specific permitting processes, including the Industrial Approval and Crown Land Lease and Mining Lease applications.

“Signal Gold is extremely pleased to have received the environmental approval for its Goldboro Gold Project, an important milestone that reflects the culmination of five years of environmental baseline monitoring and analysis. This approval marks an important milestone towards the development of Goldboro, which will have a significant socio-economic impact on the region and the province,” said President and CEO Kevin Bullock.

“We are grateful for the support this project has received from the Honourable Timothy Halman, NS Minister of Environment and Climate Change, as well as the many stakeholders, rightsholders, and community members who provided their comments through the environmental assessment review process. We recognize that a mining project is a temporary use of land, and we are committed to sustainably developing a project that mitigates environmental impact at every phase, including construction, operations, reclamation and closure. Importantly, we remain committed to working with Mi’kmaq, community members, regulators, and other stakeholders, as we progress towards the next steps to developing Nova Scotia’s next gold mine, the largest private sector development project in the province.”

The company will now review the terms and conditions of the approval and review all comments provided by rightsholders and community stakeholders through the environmental assessment.

Signal Gold is up 19.51 percent, trading at $0.49 at 11:14 am ET.


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