Signature Resources Announces Refinement of High Priority Targets and Definition of Key Geological Features from Vlf Inversion Interpretation
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES REFINEMENT OF HIGH PRIORITY TARGETS
AND DEFINITION OF KEY GEOLOGICAL FEATURES FROM VLF INVERSION
INTERPRETATION
FOR IMMEDIATE RELEASE July 24, 2018
Toronto, Ontario, July 24, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) (" Signature" or
the " Company ") is pleased to announce that it has received addi tional interpretation of its airborne geophysical
data.
“We have received exceptional results from the inte rpretation of VLF data. The results provide us wit h additional
information for target selection beyond the known g old zones at Lingman lake, as we gear up to underta ke a drill
program of the known gold zones, commencing next mo nth”, stated Walter Hanych, CEO, “The new data clea rly
demonstrates:
• Resistivity lows ranging from 150m to 500m along wh ere we have already identified numerous high priori ty
targets, this is a significant refinement of the im portant contact zone;
• Collectively, approximately 9.7km of target strike length falls into this resistivity low linear, help ing prioritize
target zones; and
• This trend being strongly correlated with the data at the Lingman Lake Gold Mine zones, increases the
likelihood of discovering new zones,” commented, Wa lter Hanych, President and CEO of Signature
Resources.
The VLF Inversion has enhanced the contact between the mafic greenstone belt to the South and felsic i ntrusive
rocks to the North over a 22km strike length, ident ified as a broad 150m to 500m wide Resistivity Low at this
Contact Zone, which could represent alteration rela ted to gold mineralizing systems. This Contact Zon e contains
multiple high priority targets, which were previous ly identified from the VLF conductors along the Nor th Horizon,
which are also characteristics of the historical Li ngman Lake Gold Mine. Several of the previously re ported high
priority targets along the North Horizon lie within the interpreted wide Resistivity Low / Contact Zon e, with a
combined ~9.7km of strike length.
These are now the highest priority for field follow -up. Further, some historical drilling on the West end of the
property, in the area of reported mineral occurrenc es, is coincident with Resistivity Lows identified from the VLF
Inversion, inferring faulting and alteration.
Jeremy S. Brett of MPH Consulting Limited states: “ The full Matrix VLF data set was inverted by EMTOMO in
Portugal, with exceptional results. The VLF Invers ion identified important bedrock features, that cor relate with
historical Geological mapping and the Aeromagnetic component of the Geophysical survey. Depth slicing of this
VLF inversion, between 0m and 50m depth, clearly sh owed the transition between near-surface tills/wate r bodies
and the deeper bedrock responses.
The VLF Inversion has also identified numerous East -West striking features in the Resistivity which ag ree well
with trends interpreted from the Aeromagnetic data. These define a fold belt with a predominantly Eas t-West axis.
This folding is interpreted to be complex at the We st side of the property, where mafic greenstones ar e strongly
deformed as the fold axes become perpendicular to t he contact with the felsic intrusives. This area o f folding-
complexity is coincident with much of the historica l exploration drilling and trenching on the propert y where 40
mineral occurrences have been reported.
This is a ground breaking approach for Canadian Air borne Geophysics, inexpensively mapping near surfac e
bedrock lithologies and structure in areas of shall ow overburden.”
An image of the Resistivity Inversion of the Terraq uest Matrix VLF is presented below, highlighting th e key areas
identified:
Interpretation of Matrix VLF Inversion: The boundary between mafic greenstone rocks and f elsic intrusives is
clearly defined on the property over a 22km strike. Discrete 150m to 500m wide Resistivity lows are p rominent
along this contact zone, and are interpreted to rep resent possible faulting, fracturing and alteration that could be
related to gold mineralizing systems. Several "A" Ranked Targets interpreted previously from the VLF conductor
axes lie within these Resistivity Lows along the Co ntact Zone, including the historical Lingman Lake G old Mine.
These have a combined strike length of ~9.7km, and represent the highest priority targets, at this tim e.
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by Jeremy S.
Brett, P.Geo., Senior Geophysical Consultant with M PH Consulting Limited, an established international
exploration and mining consulting company with its head office in Toronto, Ontario, and Walter Hanych, P.Geo.,
President-CEO of Signature Resources. Both are Qual ified Persons as defined in National Instrument 43- 101 -
Standards of Disclosure for Mineral Projects .
About Signature
The Lingman Lake gold property consists of four fre e hold patented claims and 762 single cell staked c laims. Total
land package amounts to 15,372.3 hectares. 275.5 he ctares of the property total include 14 mineral rig hts patents..
The property hosts an historic estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-
off) and includes what has historically been referr ed 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 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
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 i nherent risks and uncertainties. Although these sta tements are
based on information currently available to the Com pany, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncerta inties and other factors involved with forward-look ing
information could cause actual events, results, per formance, prospects and opportunities to differ mat erially from
those expressed or implied by such forward-looking information. Forward looking information in this ne ws release
includes, but is not limited to, the Company’s obje ctives, goals or future plans, statements, explorat ion results,
potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual results to differ
materially from such forward-looking information in clude, but are not limited to failure to identify m ineral
resources, failure to convert estimated mineral res ources to reserves, the inability to complete a fea sibility study
which recommends a production decision, the prelimi nary nature of metallurgical test results, delays i n obtaining or
failures to obtain required governmental, environme ntal or other project approvals, political risks, i nability to fulfill
the duty to accommodate First Nations and other ind igenous peoples, uncertainties relating to the avai lability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rat es, fluctuations
in commodity prices, delays in the development of p rojects, capital and operating costs varying signif icantly from
estimates and the other risks involved in the miner al exploration and development industry, and those risks set out in
the Company’s public documents filed on SEDAR. Alth ough the Company believes that the assumptions and factors
used in preparing the forward-looking information i n this news release are reasonable, undue reliance should not
be placed on such information, which only applies a s of the date of this news release, and no assuranc e can be given
that such events will occur in the disclosed time f rames or at all. The Company disclaims any intentio n or obligation
to update or revise any forward-looking information , whether as a result of new information, future ev ents or
otherwise, other than as required by law.