Signature Resources Completes Successful Prospecting Campaign
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
SIGNATURE RESOURCES COMPLETES SUCCESSFUL PROSPECTING CAMPAIGN
Toronto, Ontario, September 28, 2020 . Signature Resources Ltd. (TSXV-SGU, OTCQB-SGGTF, FSE-3S3)
(“Signature” or the “Company”) is pleased to announ ce that it has completed its two component field
program with the crew it mobilized to its Lingman Lake gold property in northern Ontario in August.
The first component of this program was to undertake borehole north-seeking gyro surveys of 104 holes
drilled in the late 1980’s. This information will b e extremely useful in calculating a new, more accur ate
resource model and determining the location of new drill holes.
The second component of this program was to have a team of geologists and prospectors visit six pre-
determined target areas as defined by a combination of geophysical interpretations of the airborne survey
results, geological mapping, structural interpretat ion, and a detailed review of high resolution visua l
satellite imagery. The field crew was helicopter supported to efficiently examine outcrop areas and focus
on evaluating and sampling any mineralization encountered in those target areas.
“We are very excited about this phase of work as we have identified new discoveries on surface in these
target areas and have successfully taken 104 samples for analysis. We are very pleased about these recent
accomplishments. Similar geophysical responses betw een the mine site geology and the newly targeted
areas suggests planning further exploration on any new discovery areas. The results from this current
prospecting work will help determine the continuity of the shear system and possible associated
mineralization. Further prospecting, mapping, and sampling in future work programs will be planned for
next summer season”, commented Walter Hanych, CEO.
Detailed information and results of this program wi ll be reported in the near future as the program
progresses.
While the team was mobilized, Signature also re-est ablished our base camp in preparation for an
upcoming winter drill program. We are pleased to an nounce that the camp is 80% ready and some final
work will be completed in January 2021 prior to the arrival of the commencement of the drill program.
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by
Bob Komarechka, P.Geo. who is a Qualified Person as defined in National Instrument 43-101 - Standards
of Disclosure for Mineral Projects
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
About Signature
The Lingman Lake gold property consists of 622 staked claims, four free hold full patented claims and 14
mineral rights patented claims totaling approximate ly 12,148 hectares. The property hosts an historica l
estimate of 234,684 oz of gold* (1,063,904 tonnes g rading 6.86 g/t with 2.73 gpt cut-off) and includes
what has historically been referred to as the Lingm an 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:
Jonathan Held
Chief Financial Officer
416-270-9566
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,
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, results of the progr am, proposed further
exploration on any new discovery areas, prospecting, mapping, and sampling in future work p rograms, the Company’s
objectives, goals or future plans, statements, expl oration results, potential mineralization, the esti mation of mineral
resources, exploration and mine development plans, timing of the commencement of operations and estima tes of market
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
conditions. Factors that could cause actual results to differ materially from such forward-looking inf ormation include, but
are not limited to changes in general economic and financial market conditions, failure to identify mi neral resources, failure
to convert estimated mineral resources to reserves, the inability to complete a feasibility study whic h 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.