SIGNATURE RESOURCES ANNOUNCES HIGHER GRADE GOLD VALUES FROM 2018 DRILL PROGRAM Drilling highlighted by 9.5 m of 12.15 g/t gold & 5.0 m of 13.65 g/t gold in the West Zone Target First two holes reported higher grade gold values than what was reported from historical drilling
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES HIGHER GRADE GOLD VALUES FROM 2018
DRILL PROGRAM
Drilling highlighted by 9.5 m of 12.15 g/t gold & 5.0 m of 13.65 g/t gold in the West Zone Target
First two holes reported higher grade gold values than what was reported from historical drilling
FOR IMMEDIATE RELEASE November 5, 2018
Toronto, Ontario, November 5, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature"
or the " Company ") is pleased to announce the results of drill hole s 18-01 and 18-02 which targeted the West Zone
at the company’s Lingman Lake gold property located in northwestern Ontario. This year’s exploration c ampaign
was conducted with a view to test the grade and con tinuity of the mineralization encountered in histor ical drilling
done on the property by previous operators. Drillin g in the West Zone, the first holes to be reported on herein, is
highlighted by the following:
• Drill hole 18-01 returned 9.50 meters with an average grade of 12.15 grams pe r tonne gold
(from 35.5 to 45.0 meters). True width is estimated at ~8.23 meters.
• Drill hole 18-02 returned 5.0 meters with an average grade of 13.65 grams per tonne (from
100.0 to 105.0 meters). True width is estimated at ~4.33 meters.
Drill hole 18-01 is a twin of an historical diamond drill hole, 89-15, being collared 2 meters east of 89-15 which had
returned 10.70 grams along a 9.54 meter drill inter cept.
Drill hole 18-02 was collared 48 meters east of 18- 01 in the vicinity of historical drill hole 45-49 w hich yielded 8.2
grams of gold per tonne along a 4.18 meter drill in tercept. The historical diamond drill holes were pu t down by
previous operators on the property.
“We are very excited by these intersections; not only are we seeing a
significant grade increase when comparing the historical drilling to the current
drilling, but the drill composite widths are comparable, corroborating the
width of the zone from historical work. The West Zone, where these drill holes
are located, is 430 meters west and along strike of the North zone at the mine
site. The zone was identified by historical drilling along a strike length of 360
meters and to a depth of 90 meters. This zone was under-drilled and is open at
depth and along strike and we feel it is a high potential target”
- Walter Hanych, President and CEO of Signature Resources
The above cited intersections for hole 18-01 and 18 -02 are derived from assay results presented in the following
table and are reported as weighted composite averag es.
DDH
ID WEST ZONE 1 TARGET
DDH
ID WEST ZONE 1 TARGET
18-01
2Easting Northing Azimuth Dip
18-02
2Easting Northing Azimuth Dip
506844 5968875 0° -45° 506892 5968808 0° -45°
From
meters
To
meters
Width
meters g Au/t From
meters
To
meters
Width
meters g Au/t
35.50 36.00 0.50 2.98 100.00 100.50 0.50 7.81
36.00 36.50 0.50 18.55 100.50 101.00 0.50 36.89
36.50 37.00 0.50 0.41 101.00 101.50 0.50 1.15
37.00 37.50 0.50 1.17 101.50 102.00 0.50 0.12
37.50 38.00 0.50 13.13 102.00 102.50 0.50 1.58
38.00 39.32 1.32 10.49 102.50 103.00 0.50 7.20
39.32 40.00 0.68 15.12 103.00 103.50 0.50 47.25
40.00 40.50 0.50 5.12 103.50 104.00 0.50 23.18
40.50 41.00 0.50 39.09 3 104.00 104.50 0.50 11.28
41.00 41.50 0.50 26.16 104.50 105.00 0.50 0.03
41.50 42.00 0.50 27.22 100.00 105.00 5.00 13.65
42.00 42.50 0.50 13.78
42.50 43.00 0.50 0.27
43.00 43.50 0.50 0.79
43.50 44.00 0.50 10.59
44.00 44.50 0.50 10.05
44.50 45.00 0.50 13.30
35.50 45.00 9.50 12.15
Notes:
1
West Zone strikes east-west, dips 75° to the south.
2 UTM coordinates: Zone 15N. Datum: NAD83.
3
Reported analysis is the mean of original sample (24.27 g Au/t) and duplicate sample (53.9 g Au/t)
from same core interval.
Gold analyses were performed using a fire-assay con centration with an atomic-absorption finish. Gravim etric-finish
results of the highest-grade intervals are to follow. QA/QC results support the validity of the original assays.
About Signature
The Lingman Lake gold property, located in Northwestern in the Red Lake Mining District consists of four free-hold
full patented claims, 14 mineral rights patented cl aims and 1,054 single-cell staked claims, comprisin g a total of
approximately 21,420 hectares. The property hosts a n historical estimate of 234,684 oz of gold* (1,063 ,904 tonnes
grading 6.86 g Au/t at a 2.73 g Au/t cut-off) and i ncludes what has historically been referred to as t he Lingman Lake
Gold Mine, an underground substructure consisting o f a 126.5-meter shaft and three levels of developme nt at depths
of 46 m (150 Level), 84 m (275 Level) and 122 m (40 0 Level).
*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 P erson has not done sufficient work to verify the cl assification of the mineral
resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI
43-101-compliant mineral resource estimate. Establi shing a current mineral resource estimate on the Li ngman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course. Ad ditional information
regarding historical resource estimates is availabl e in the technical report entitled, “Technical Repo rt on the Lingman Lake
Property” dated December 20, 2013, prepared by Walt er 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
705.445.0184
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by John Siriunas,
P.Eng., Associate Independent Consultant with Carac le Creek International Consulting Ltd., and is the program site
geologist, and by Walter Hanych, P.Geo., President- CEO of Signature Resources. Both are Qualified Pers ons as
defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects .
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy 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 de scribe the Company’s future plans, objectives or go als, including
words to the effect that the Company or management expects a stated condition or result to occur. Forw ard-looking
statements may be identified by such terms as “beli eves”, “anticipates”, “expects”, “estimates”, “may” , “could”,
“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and address futu re events
and conditions, 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 that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward-looking inform ation could
cause actual events, results, performance, prospect s and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forwar d looking information in this news release includes , but is not
limited to, the Company’s objectives, goals or futu re plans, statements, exploration results, potentia l mineralization,
the estimation of mineral resources, exploration an d mine development plans, timing of the commencemen t of
operations and estimates of market conditions. Fact ors that could cause actual results to differ mater ially from such
forward-looking information include, but are not li mited to failure to identify mineral resources, fai lure to convert
estimated mineral resources to reserves, the inabil ity to complete a feasibility study which recommend s a production
decision, the preliminary nature of metallurgical t est results, delays in obtaining or failures to obt ain 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 financing needed in
the future, changes in equity markets, inflation, c hanges in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital and operati ng costs varying significantly from estimates and t he other risks
involved in the mineral exploration and development industry, and those risks set out in the Company’s public
documents filed on SEDAR. Although the Company beli eves that the assumptions and factors used in prepa ring the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such
information, which only applies as of the date of t his news release, and no assurance can be given tha t such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation t o update or
revise any forward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law.