Signal Gold Inc. announced that it has commenced exploration work at the Hurricane and Armstrong growth targets located west and southwest, respectively, of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada. Following the completion of data compilation and a regional airborne geophysical survey, the Company has been able to identify many high priority targets across its extensive exploration land package of approximately 27,200 hectares (~272 km2) in the historic Goldboro Gold District, including Hurricane and Armstrong. The Hurricane target is located within the 23-kilometre-long Seal Harbour Trend, a feature characterized by several historic mining operations^ coincident with the anticlinal structure which hosts the past-producing Lower Seal Harbour and Hurricane Mines.

This target is 7.4 kilometres long and is further defined by coincident magnetic and very low frequency ("VLF") electromagnetic geophysical responses. VLF anomalies are known to form a distinct, linear conductive-high response closely aligned with alteration associated with gold mineralization. Similarly, the 8.5-kilometer-long Armstrong target is located within the 28-kilometre long Goldboro Trend, a feature coincident with the anticlinal structure that hosts the historic Goldboro and Dolliver Mountain mines and is coincident with magnetic and VLF geophysical responses that locally resemble the geophysical expression of Goldboro and other deposits.

Based on the high-resolution magnetic and VLF data sets, the Company has initiated a geological mapping and prospecting program in addition to permitting of ground geophysical work as well as till and soil geochemical surveys to provide the data to develop specific drill targets.