Goldboro Expansion Project

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Mine TypeUnderground
StagePreliminary Economic Assessment
  • Gold
Mining Method
  • Longhole open stoping
  • Longitudinal retreat
  • Cemented paste backfill
Mine Life11 years (as of Jan 1, 2021)
ShapshotThe PEA is based on a conventional truck-shovel open pit mining operation within two pits that transition to underground mining in year 6.

The Goldboro Project has potential for further Mineral Resource expansion, particularly towards the west along strike and at depth. A future study will consider upgrading and expanding potentially mineable underground Mineral Resources as part of the longer-term mine development plan.
Related AssetGoldboro Project


Signal Gold Inc. 100 % Indirect
The Goldboro Project is 100% - owned by Signal Gold Inc.

The Goldboro Project is registered to the Signal Gold subsidiary Goldboro Gold Mines Inc. (previously Orex Exploration Inc.).



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Deposit type

  • Vein / narrow vein
  • Orogenic
  • Metamorphic hosted


The Deposit is a turbidite-hosted orogenic gold deposit hosted within a sequence of alternating argillites and greywacke metamorphosed to greenschist facies. The metasedimentary units on the Property are folded into the tight, gently east-plunging Upper Seal Harbour Anticline and gold mineralization has typically been deposited at various positions and times during the fold formation process. Veins, which form during deformation, occur in three major geometries commonly referred to as reefs: saddle reefs, leg reefs, and spur reefs. The Deposit contains all three types of reefs outlined above but is also characterized by mineralization within the argillite forming the Belts. Because the Deposit contains saddle, leg, and spur reefs, and often has gold mineralization within the argillite hosting the veins, it has the potential to contain significantly more gold resources than deposits of a similar style that contain gold only within the quartz veins (reefs) themselves. The trace of the Upper Seal Harbour Anticline transects the Property and is found near the Dolliver Mountain prospect 2 km to the west of the Deposit, demonstrating that the structure which hosts gold continues for several kilometres.

At the Deposit, the Goldenville Formation consists of alternating greywacke and argillite beds with an approximate true thickness of 950 m. The base of the stratigraphic sequence intersected in the BR Gold System consists of roughly 325 m of alternating greywacke and argillite, with varying proportions of both rock types, ranging in thickness from less than 1 m up to 10 m.

The structure of the Project area is dominated by the Upper Seal Harbour Anticline. The anticline folds all levels of stratigraphy observed in core and underground to form an upright, tight anticline that plunges 20° eastward. The enveloping surface to bedding also dips moderately eastward at 20°. Younging is upward, orthogonal to the hinge, and limbs of the fold.

Gold mineralization at the Deposit occurs in both quartz veins and within the argillite that hosts the veins, as well as within the rocks adjacent to the modelled argillites and quartz veins, including both lesser argillite with greywacke. Disseminated, euhedral arsenopyrite is pervasively associated with gold mineralization, and is commonly observed within the host rock and is usually present in mineralized quartz veins. Other sulphides associated with mineralized quartz veins are pyrrhotite, chalcopyrite, pyrite, and minor amounts of sphalerite and galena. Wall rock generally contains more pyrrhotite and arsenopyrite than directly associated quartz veins. Gold bearing quartz veins are stratabound with lesser discordant quartz veins and vein arrays (Figure 7-5). Native gold is nuggety in nature, and grains range from microscopic up to several centimetres in size and is found in all rock types with visible gold generally associated with quartz veins. Within quartz veins, gold is present as free gold in quartz, and within arsenopyrite grains, along grain boundaries and internal fractures, and is non-refractory in nature. Native gold also occurs as a disseminated phase in altered argillite and argillite/greywacke intervals adjacent to and separate from quartz veins, demonstrating its association with both quartz veins and the altered wall rock.

At the deposit scale, the veins form a swarm and are clearly located in the flexure zone (hinge and adjacent limbs) of the Upper Seal Harbour Anticline. The gold bearing veins are found in a 175 m to 275 m wide envelope centred on the axial surface. The veins occur mostly on the limbs of the fold, but also in the hinge, and all are hosted by turbiditic metasedimentary rocks consisting of greywacke and argillite.

Gold bearing quartz veins occur as both stratabound and cross-cutting entities and are most prevalent within BP stratigraphy, occurring approximately 80 m north or south of the Upper Seal Harbour Anticline’s axial surface.

High-grade gold mineralization at the Deposit occurs in both quartz veins and host argillite. These high-grade zones are BP and generally continuous around the fold hinge and down the north and south limbs. These mineralized zones are referred to as Belts. Sixty-eight Belts have been modelled within the Deposit and are referred to as Higher-Grade Belt within the model. A more disseminated, generally lower-grade, style of mineralization occurs in the wall rock adjacent to the quartz veins and can extend several metres outward from and between Higher-Grade Belts. These are referred to as Lower-Grade Domains and can include disseminated gold mineralization within altered, sulphide (arsenopyrite) bearing wall rock including greywacke and argillite, gold bearing quartz sulphide veins of variable orientation that do not correlate geometrically to adjacent HigherGrade Belts.

Turbiditic rocksin the hinge zone of the Upper Seal Harbour Anticline have been variably altered with carbonate, sericite, sulphide, tourmaline, and chlorite assemblages that post-date growth of regional metamorphic mineral assemblages (Roy & Labelle, 1990). The nature of alteration varies as a function of lithology and proximity to mineralization.

The gold mineralization observed in both core and microscopically is reflected in the multi-element geochemistry in the Deposit. Preliminary evaluations of the assay database illustrate that there are strong Au-As-S-Pb-Cd associations within the database, reflective of the mineralogy outlined above. There are also local enrichments in Zn, Cu, Fe, Ni, and Co reflective of the presence of sphalerite, chalcopyrite, pyrite and pyrrhotite.



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Mining Methods


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Crushers and Mills

Milling equipment has not been reported.


ROM mineralized material is transported from the mine to the process plant by haul trucks. The ROM bin is fitted with a static grizzly to keep large oversize rocks from blocking the primary crusher. A vibrating grizzly feeder ahead of the of the primary jaw crusher is used to screen out the finer material and feed the jaw crusher. The primary crusher product combines with the grizzly feeder undersize and is conveyed to a secondary screen. Screen oversize is fed to a secondary cone crusher and the secondary crushed product is combined with the secondary screen undersize. The tertiary crusher operates in closed circuit with a tertiary screen. The undersize from the tertiary screen is conveyed to the mill feed stockpile with 80% of the design particle size distribution passing an aperture of 8.2 mm.

Crushing circuit product is conveyed to a covered mill feed stockpile. The stockpile is designed to have a live capacity of 12 hours or 2,000 tonnes.

Mill feed from the stockpile is reclaimed by two belt feeders. The feeders transfer the mill feed onto the ball mill feed conveyor which discharge the ore directly into the ball mill. Process water is added to the conveyor discharge to create a slurry in the ball mill. The mill feed chute also receives oversized material from the gravity scalping screen and the underflow from the hydrocyclone cluster. The mill is operated in closed circuit where the product is discharged into a common pumpbox with independent pumps for both the hydrocyclone cluster and the gravity circuit and includes a trommel for scat removal. Material that is too coarse will be classified by the hydrocylone and will report back to the ball mill for further size reduction.

The cyclone cluster is configured to achieve a target design cyclone overflow product sizing of 80% passing of 100 µm. Leach testing showed that this product size is sufficient to achieve design recoveries. The cyclone cluster will have pneumatically actuated valves that allow automated feed pressure control as well as manually actuated isolation valves.

Slurry from the cyclone cluster underflow launders flow directly back to the ball mill while the cyclone overflow slurry from the cyclone cluster gravity flows to a trash screen.



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Combined production numbers are reported under Goldboro Project

Operational metrics

Daily ore mining rate 0000
Waste tonnes, LOM 0000000
Ore tonnes mined, LOM 0000000
Tonnes processed, LOM 0
* According to 2021 study.

Production Costs

Assumed price Gold USD 0000
* According to 2021 study / presentation.

Operating Costs

UG mining costs ($/t mined) CAD 92.5 *  
UG mining costs ($/t milled) CAD  ....  Subscribe
* According to 2021 study.

Project Costs

MetricsUnitsLOM Total
UG OpEx $M CAD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.


Mine Management

Source Source
Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 23, 2021
....................... Subscription required ....................... Subscription required Subscription required Jun 23, 2021
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Apr 11, 2023
....................... Subscription required ....................... Subscription required Subscription required Apr 11, 2023

Total WorkforceYear
Subscription required 2021


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