Signature Resources Announces That GPS Collar Survey Locates 84% of 1980s Diamond Drill Holes at Its High Grade Lingman Lake GOLD Property
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES THAT GPS COLLAR SURVEY LOCATES 84% of
1980s DIAMOND DRILL HOLES AT ITS HIGH GRADE LINGMAN LAKE GOLD PROPERTY
FOR IMMEDIATE RELEASE October 11, 2018
Toronto, Ontario, October 11, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) (" Signature"
or the " Company ") is pleased to announce the successful completion of a high resolution GPS survey of the diamond
drill casings from the drill campaigns conducted fr om 1987 to 1989. 84% of the drill casings, from a t otal of 154
drill holes were located.
“We are very pleased with this result and we are ve ry fortunate that the located holes had their casin g intact. Quite
often the drill casing, which goes through the over burden and is anchored to bedrock at its lower end, is removed
leaving no surface evidence of the hole. Now that t hese casings have been located to a sub-meter accur acy (60cm),
we have the confidence level that we need to refine our geological model. We will also be able to geo-reference other
features in relation to the drill holes with a grea ter degree of accuracy, allowing us to produce bett er property scale
maps”, commented Walter Hanych, President and CEO o f Signature Resources.
The survey was conducted employing a SX Blue II GPS unit which provided accuracy to 60cm. Each locate was
measured by taking five fixes minimum with a 95% co nfidence level.
The company is also nearing the completion of winte rizing its field camp in anticipation of a winter d rill program in
2019.
Qualified Persons
The scientific and technical content of this press release has been prepared by Walter Hanych, P.Geo., President-
CEO of Signature Resources. Mr. Hanych is a Qualifi ed 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 hectares of the property total include 14 mineral-rights patents. The
property hosts an historic 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 includes what has historically been referred to as the Lingman Lake Gold Mine, an underground 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
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 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.