Signature Resources Announces That All Core Samples from Its 2018 Diamond Drill Campaign Have Been Received at Sgs’ LAB IN Red Lake, Ontario
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES THAT ALL CORE SAMPLES FROM ITS 2018
DIAMOND DRILL CAMPAIGN HAVE BEEN RECEIVED AT SGS’ LAB IN RED LAKE,
ONTARIO
FOR IMMEDIATE RELEASE October 16, 2018
Toronto, Ontario, October 16, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) (" Signature " or
the " Company ") is pleased to announce that all of the sampled s ections of drill core from the Company’s recently
completed exploration program at its Lingman Lake g old property have been received at SGS’ analytical processing
lab in Red Lake, Ontario. The samples were flown by charter aircraft to Red Lake last Friday and are c urrently being
inventoried at the lab prior to processing.
“We are very excited that the samples are now in th e analytical processing stage. We wait with anticip ation for the
results, as many of the core samples being analyzed displayed characteristics of gold mineralization a ssociated with
the Lingman Lake gold zones”, commented Walter Hany ch, President and CEO of Signature Resources.
Exclusive of QA/QC (Quality Assurance – Quality Con trol) samples, 558 intervals of core have initially been
selected for sampling. These samples were prepared, in the field under supervised conditions, by diamo nd saw
cutting of the NQ (47 mm diameter) core; half of th e core for each sample interval is retained at the project site by
Signature. Analyses will consist of quantifying gol d tenors employing a fire-assay concentration with an atomic-
absorption finish; samples reporting gold tenors of greater than 5 grams of gold per tonne (>5 g Au/t) will be re-
analyzed with a gravimetric finish. Also included i n the analytical protocol is a 51-element package b y ICP methods.
The sampling protocol includes 145 samples inserted for QA/QC purposes. The Company’s QA/QC protocol i s an
integral component of evaluating sample integrity f rom collection to analysis. Caracle Creek Internati onal
Consulting has been retained to independently monitor and assess these samples.
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 Au/t a t a 2.73 g
Au/t cut-off) and includes what has historically be en referred to as the Lingman Lake Gold Mine, an un derground
substructure consisting of a 126.5-meter shaft and three levels of development at depths of 46 m (150 Level), 84 m
(275 Level) and 122 m (400 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
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 .
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 Ser vices Provider (as that term is defined in the poli cies
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.