Signature Resources Drilling Continues to Highlight a Larger Halo of Near Surface Gold Mineralization Highlighted by a New Drill Intercept of 47 metres with an average grade of 2.43 g/t Gold from LM 24-07
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Signature Resources Drilling Continues to Highlight a Larger Halo of Near Surface Gold
Mineralization Highlighted by a New Drill Intercept of 47 metres with an average grade of
2.43 g/t Gold from LM 24-07
Toronto, Ontario, February 6, 2025, Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE:
3S30) ("Signature" or the "Company") is pleased to provide the assay results of the final two holes drilled
east of the diabase dyke in our 2024 drill program. DDH LM 24 -07 and LM 24 -08 were successful in
expanding our knowledge of the mineralization on the east side of the dyke both demonstrating a larger
halo of near surface mineralization that had not been fully tested prior to the 2024 drill program . The
holes successfully tested an area of interest identified by A rtificial Intelligence (“AI”) interpolation of our
geologic model. This was confirmed in diamond drill hole (“DDH”) LM 24-07 which returned 2.43 grams
per tonne of gold (“g/t Au”) over 47 metres (“m”) which includes 19 m with an average grade of 4.7 g/t
Au, This hole confirms the success of the AI modeling in this area which had shown good results from
LM 24-06 as reported in the January 11, 2025 new release. The company is still waiting for assays from
the remaining six diamond drill holes that are being processed by the labs and is still on track to generate
an initial NI 43-101 resource on the Lingman Lake Gold deposit by the spring of this year.
“I am very excited that these two holes expand the mineralized halo on the property
which is very supportive of a starter pit concept and have further confirmed the
results from the first AI identified target previously reported . This will continue to
build confidence in the potential of the Lingman Lake gold deposit.”
- J. Dan Denbow, CFA – President, CEO and Director
The largest concentration of historical drilling has been conducted east of the diabase dyke and has
identified four zones of mineralization beginning with the 11650 Zone on the southern edge moving north
to the South Zone, Central Zone and North Zone. The North and South Zones appear the most consistent
with respect to mineralization running proximal to the Quartz-Feldspar-Porphyry (QFP) intrusion contact.
It is still undetermined if the 11650 Zone is an independent zone or a splay of the South Zone as it begins
to converge into the South Zone east from the diabase dyke.
Figure 1 is the surface view of the 2024 drill program east of the diabase dyke (yellow drill traces) relative
to the historical drilling beginning in 1987 up to 2021. Signature’s interpretation of the gold zones are
shown in the red shading and the QFP body in the yellow shading. Based on the observations from the
drill core and the assay results, the gold zones are further highlighted on the drill traces in colored
rectangles including the newly observed Leopard and Contact Zones as well as grade discs representing
assayed results.
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Figure 1. Drilling East of Diabase Dyke
The QFP has been interpreted to be an intrusion that bifurcates going from east to west forming a north
and south arm. The intervening area between the two arms displays a more fragmented d yke array
resulting in a more complex distribution of gold relative to the Central Zone.
As the QFP narrows going eastward, t he North, South and Central Zones forming a wider mineralized
area which is attractive in a bulk mining scenario. This convergence has been demonstrated by the results
of LM 24-06 and LM 24-07 that demonstrate a wider mineralized area with a high-grade core.
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LM 24-07
DDH LM 24-07 was drilled along a southeast path at a 140 degree azimuth reaching total depth of 359
m. The North Zone was first observed at 168 m, continuing for 19 m with an average grade of 0.79 g/t
Au including three one metre intercepts grading 3.8, 3.3 and 3.7 g/t Au. The North Zone was again
observed at 245 m continuing for 28 m at and average grade of 0.88 g/t Au. It is our interpretation that
the Central Zone meets the North Zone at 273 m with the Central continuing for 19 m at 4.71 g/t Au. This
combined mineralized area covered 47 m for an average grade of 2.43 g/t Au. LM 24-07 intersected the
depth continuation, approximately 30 m below the zone in LM 24-06 This area contained a number of
high-grade one meter intercepts including 7.96 g/t Au, 13.8 g/t Au and 13.4 g/t Au. The Inter-North Zone
from 210 m to 232 m is a low grade (0.13 g/t) section between the North Zone-B and North Zone-A. See
Table 1: Assay Results for further highlights of the drilling program.
LM 24-08
The final hole drilled east of the diabase dyke , DDH LM 24-08, followed a southeastern azimuth of 140
degrees to a depth of 350 m and was collared 148 m west of LM 24-07. It intersected the North Zone at
a drilling depth of 201 m and continued for over 12 m with an average grade of 1.32 g/t Au, including 4 m
averaging 3.7 g/t Au. The drillhole also encountered the Central Zone in two sections, the first having
broad lower grade mineralization of 24 m averaging 0.35 g/t Au and 13 m averaging 0.46 g/t Au including
a one meter intercept grading 4.18 g/t Au. Within the QFP there are some one meter intercepts which
define the Inter -Central-North Zone of lower grade mineralization (0.12 g/t) over 22 m not specifically
contained within the interpreted zones.
We anticipate having all the assay results from samples for the drillholes completed west of the diabase
dyke shortly. There were six DDH’s drilled west of the dyke, two targeted an area identified by our AI
interpolation of our geologic model. The remaining four holes are testing the extent of the mineralization
of the West Zone where the drilling density is much lower . These holes will greatly enhance our
knowledge for lateral extensions west of the zones and Induced Polarization targets defined in the 2021
program. In addition, we believe there is also great potential to extend the deposit at depth as our work
has only evaluated this area to total depth of 200 m.
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Table 1 – Assay Results East of Dyke
From m To m Width
DRILL HOLE LM24-07
ZONE AVG 168 187 19 m
Includes 168 169 1 m
180 181 1 m Grading 1.13 g/t
183 184 1 m Grading 1.24 g/t
184 186 2 m Grading 3.47 g/t
ZONE AVG 210 232 22 m
Includes 218 219 1 m Grading 1.38 g/t
ZONE AVG 245 292 47 m
North Zone-A 245 273 28 m
Includes 246 247 1 m Grading 1.29 g/t
247 248 1 m Grading 1.08 g/t
248 249 1 m Grading 1.08 g/t
252 253 1 m Grading 1.21 g/t
253 254 1 m Grading 2.93 g/t
267 270 3 m Grading 1.76 g/t
271 273 2 m Grading 3.88 g/t
Central Zone-B 273 292 19 m AVG 4.31 g/t
Includes 273 276 3 m Grading 5.38 g/t
276 277 1 m Grading 7.96 g/t
277 278 1 m Grading 2.94 g/t
278 279 1 m Grading 4.17 g/t
279 280 1 m Grading 3.81 g/t
280 281 1 m Grading 13.80 g/t
283 284 1 m Grading 1.43 g/t
284 285 1 m Grading 1.23 g/t
285 290 5 m Grading 7.2 g/t
290 291 1 m Grading 1.19 g/t
DRILL HOLE LM24-08
ZONE AVG 44 68 24 m AVG 0.13 g/t
Includes 48 49 1 m Grading 1.71 g/t
ZONE AVG 201 213 12 m
Includes 209 210 1 m Grading 1.14 g/t
211 212 1 m Grading 6.59 g/t
212 213 1 m Grading 6.20 g/t
ZONE AVG 241 263 22 m
Includes 246 247 1 m Grading 1.22 g/t
ZONE AVG 277 301 24 m
Includes 278 279 1 m
293 294 1 m
296 297 1 m Grading 2.17 g/t
ZONE 327 340 13 m
Includes 331 332 1 m Grading 4.18 g/t
CONTACT
AVG 0.13 g/t
AVG 2.43 g/t
AVG 0.88 g/t
INTER-NORTH ZONE
CENTRAL-NORTH
ZONE-A
LINGMAN LAKE PROJECT
Observed Zone Au result
AVG 0.79 g/t
Grading 3.80 g/t
NORTH ZONE-B
AVG 1.32 g/t
NORTH ZONE-A
AVG 0.12 g/t
CENTRAL ZONE-B
INTER-CENTRAL-
NORTH ZONES
AVG 0.35 g/t
Grading 1.93 g/t
Grading 1.64 g/t
AVG 0.46 g/t
CENTRAL ZONE-A
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Qualified Person
The scientific and technical content of this press release have been reviewed and approved by Mr. Walter
Hanych, P. Geo, consultant and Head Geologist, who is a Qualified Person under NI 43-101 regulations.
Quality Assurance and Quality Control
Signature Resources maintains an industry standard Quality Assurance / Quality Control (QA/QC)
program at the Lingman Lake Project to ensure sampling and analysis of all exploration work is
conducted in accordance with best practices. John Siriunas, P. Eng. is the independent Qualified
Person under 43-101 who monitors and scrutinizes the results of the QA/QC program.
Assay results from SGS’s Red Lake lab for gold and the Burnaby lab for gold and multi-element are
directly e-mailed to three individuals: Dan Denbow, President and CEO of Signature Resources, Walter
Hanych, P. Geo. consultant to the company, and John Siriunas, P. Eng. independent consultant to the
company.
SGS a certified laboratory and also have internal quality control (“QC”) programs that include insertion
of reagent blanks, reference materials, and pulp duplicates. The Corporation inserts QC samples
(blanks and reference materials) at regular intervals to monitor laboratory performance.
About Signature Resources Ltd.
The Lingman Lake gold property (the "Property") consists of 1,300 staked claims, four freehold fully
patented claims and 14 mineral rights patented claims totaling approximately 24,761 hectares. The
Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground
substructure consisting of a 126.5-metre shaft, and 3-levels at depths of 46-metres, 84-metres and 122-
metres. There has been over 28,000 metres of historical drilling done on the Property and four 500-pound
bulk samples that averaged 19 grams per tonne of gold . In November 202 3, the Ontario government
energized a new 115kV high tension transmission line within 40 km of the historic Lingman Lake Mine
(https://www.wataypower.ca/).
To find out more about Signature, visit www.signatureresources.ca or contact:
Notes to Table:
Reported widths are drill intercepts (core lengths).
Computer modelling of the zones for true widths is pending.
LM24-07 was drilled at azimuth 140 degrees, dip -45 degrees.
LM24-08 was drilled at azimuth 140 degrees, dip -45 degrees.
NORTH ZONE strikes at 093 degrees.
CENTRAL ZONE strikes at 087 degrees.
SOUTH ZONE strikes at 082 degrees
All zones dip steeply south 70-80 degrees.
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Dan Denbow
Chief Executive Officer
416-840-6345
or contact :
Renmark Financial Communications Inc.
John Boidman: [email protected]
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
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