Signature Resources Announces Filing of Updated Ni 43-101 Technical Report
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SIGNATURE RESOURCES ANNOUNCES FILING OF UPDATED NI 43-101 TECHNICAL REPORT
Toronto, Ontario, February 13, 2020 . Signature Resources Ltd. (TSXV-SGU, OTQB-SGGTF, F SE-3S3)
(“Signature” or the “Company”) announces the filing of a new Technical Report in accordance with
National Instrument 43-101 –Standards of Disclosure for Mineral Projects (“NI 43-101”) on its 100% owned
Lingman Lake project. The Technical Report, titled “National Instrument 43-101 Technical Report on the
Lingman Lake Gold Property, Lingman Lake Area, District of Kenora (Patricia Portion), Ontario, Canada,”
(effective date of January 31, 2020) has been prepa red by Mr. J. Siriunas, P.Eng. and Mr. W. Hanych,
P.Geo., and is available on SEDAR ( www.sedar.com ) under Signature’s issuer profile.
This report serves as an update to the 43-101 techn ical report titled “Technical Report on The Lingman
Lake Property, Lingman Lake Area, District of Kenora, Ontario, Canada,” (effective date of December 20,
2013). Since 2013, Signature has attained several mileston es, which include the completion of three
exploration campaigns, and major land acquisitions which expanded the property from 616.8 hectares
to approximately 15,754 hectares.
Exploration Campaigns:
1. 2016, archived core re-logging, duplicate core sampling and new sampling of 22-historical holes.
The core duplicate sampling achieved a 94% correlat ion between the current sampling and the
historical sampling. This high correlation allows a ll the historical data to be incorporated into a
future resource model without the need for a costly historical hole twinning program.
2. 2018, a high resolution airborne Magnetic and Matrix VLF-EM in which 2,270- line kilometers were
flown. Employing state of the art proprietary software, the VLF-EM Inversion identified important
bedrock features. They correlate with the contact b etween the felsic intrusive domain and
volcanic-sedimentary belt which hosts gold minerali zation at the Lingman Lake Gold Mine. This
recognition resulted in delineating 15-high priority targets.
3. 2018, a 12-hole NQ core (47.6mm) diamond drill prog ram totalling of 1,501 metres was
completed. The program intersected gold tenors of u p to 66.53 g Au/t (gravimetric finish), from
101.00 m to 102.00 m in drill hole 18-05. Several s ignificant weighted average gold grade along
drill widths were attained; for example, hole 18-01 yielded 11.37 g/t along 9.50 meters. The drill
program validated the high-grade nature of the gold mineralization of the Lingman Lake gold
zones, and in several cases extended historical widths of drill intercepts.
The reader is encouraged to download the current 43 -101 Technical Report for details of these
milestones.
Qualified Persons
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366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
The scientific and technical content of this press release has been prepared, reviewed and approved by
Walter Hanych P.Geo. and President-CEO of Signature Resources who is a Qualified Person as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral Projects
About Signature
The Lingman Lake gold property consists of 770 sing le cell staked claims, four free hold patented clai ms
and 14 mineral rights patented claims totaling appr oximately 15,754 hectares. The property hosts an
historical estimate of 234,684 oz of gold* (1,063,9 04 tonnes grading 6.86 g/t with 2.73 gpt cut-off) a nd
includes what has historically been referred to as the Lingman Lake Gold Mine, an underground
substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters
depths.
This historical resource estimate is based on prior data and reports obtained and prepared by previous
operators, and information provided by governmental authorities. A Qualified Person has not done
sufficient work to verify the classification of the mineral resource estimates in accordance with curr ent
CIM categories. The Company is not treating the his torical estimate as a current NI 43-101 mineral
resource estimate. Establishing a current mineral r esource estimate on the Lingman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course.
Additional information regarding historical resource estimates is available in the technical report entitled,
“Technical Report on the Lingman Lake Property” dated December 20, 2013, prepared by Walter Hanych,
P.Geo., and Frank Racicot, P.Geo., available on the Company’s SEDAR profile at www.sedar.com
To find out more about Signature Resources Limited, visit our website at www. signatureresources .ca , or
contact:
Walter Hanych
Chief Executive Officer
705.446.5379
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this news release.
This news release contains forward-looking statemen ts which are not statements of historical fact. For ward-looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words
to the effect that the Company or management expect s a stated condition or result to occur. Forward-lo oking statements
may be identified by such terms as “believes”, “ant icipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or
“plan”. Since forward-looking statements are based on assumptions and address future events and condit ions, by their very
nature they involve inherent risks and uncertainties. Although these statements are based on information currently available
to the Company, the Company provides no assurance t hat actual results will meet management’s expectati ons. Risks,
TSXV-SGU OTCQB-SGGTF FSE-3S3
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uncertainties and other factors involved with forwa rd-looking information could cause actual events, r esults, performance,
prospects and opportunities to differ materially fr om those expressed or implied by such forward-looki ng information.
Forward looking information in this news release in cludes, but is not limited to, use of proceeds of t he Offering, closing of
additional tranches pursuant to the Offering and pr oceeds therefrom, acceptance of regulatory filings by the TSX-V, the
Company’s objectives, goals or future plans, statem ents, exploration results, potential mineralization , the estimation of
mineral resources, exploration and mine development plans, timing of the commencement of operations an d estimates of
market conditions. Factors that could cause actual results to differ materially from such forward-looking information include,
but are not limited to changes in general economic and financial market conditions, failure to identif y mineral resources,
failure to convert estimated mineral resources to r eserves, the inability to complete a feasibility st udy which recommends a
production decision, the preliminary nature of meta llurgical test results, delays in obtaining or fail ures to obtain required
governmental, environmental or other project approv als, political risks, inability to fulfill the duty to accommodate First
Nations and other indigenous peoples, uncertainties relating to the availability and costs of financin g needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development
of projects, capital and operating costs varying si gnificantly from estimates and the other risks invo lved in the mineral
exploration and development industry, and those ris ks set out in the Company’s public documents filed on SEDAR. Although
the Company believes that the assumptions and facto rs used in preparing the forward-looking informatio n in this news
release are reasonable, undue reliance should not b e placed on such information, which only applies as of the date of this
news release, and no assurance can be given that su ch events will occur in the disclosed time frames o r at all. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.