Signature Resources Expects Fully Funded Winter Drill Campaign to Start Late February-Early March
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SIGNATURE RESOURCES EXPECTS FULLY FUNDED WINTER DRILL CAMPAIGN TO
START LATE FEBRUARY-EARLY MARCH
Toronto, Ontario, January 26, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to provid e an update on its 100% owned Lingman Lake Gold
Project (“Project”) located in Northwestern Ontario.
Camp preparation on the Company’s patented claims i s underway for a 2,500 meter drill program,
which is targeted to commence late February - early March. Ground crews have been preparing the
exploration camp for the upcoming winter drill camp aign since early January. All items delivered to t he
Project have been transported via Manitoba by fixed wing aircraft and helicopter. Setup activities include
mobilization of fixed and mobile support equipment, consumables, and all other supplies and structures
required to establish and operate the exploration c amp safely and efficiently. The Signature team has
emplaced an extremely rigid COVID-19 protocol to pr otect communities, contractors and personnel.
Signature will be utilizing its 100% owned diamond drill rig for the upcoming, fully funded, 2,500-met er
winter drill campaign. Despite challenging logistic s and unusually mild weather causing heavy snow
conditions, setup activities continue for drilling to commence in late February-early March. All activ ities
and related logistics specific to the Project preparation and operation are led by Signature’s founder and
valued consulting advisor, John Leliever.
“I am incredibly pleased with the exceptional efforts made by John and his entire setup team.
When I first was introduced to Signature’s founder, John Leliever, I was and remain extremely
impressed with his depth of knowledge, resourcefuln ess, proficiency, professionalism, and
like-minded support to rapidly advance the Lingman Lake gold project. With respect to the
ongoing setup and pending operation of our Project, John’s invaluable experience with
exploration logistics and planning have been integral to Signature’s successful progress.”
Robert Vallis, P.Eng., MBA – President, CEO, and Director
The Company will continue to provide updates on the Project’s setup and pending drilling activities as
related scheduled milestones are achieved.
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.
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*This historical resource estimate is based on prio r data and reports obtained and prepared by previou s
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 Gold Property " dated January 31, 2020, prepared by John M.
Siriunas, P.Eng. and Walter Hanych, 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, the start date of th e drilling campaign, the
completion of site preparation, the Company’s objec tives, goals or future plans, statements, explorati on results, potential
mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. F actors that could cause actual results to differ ma terially from such
forward-looking information include, but are not li mited to changes in general economic and financial market conditions,
failure to identify mineral resources, failure to c onvert estimated mineral resources to reserves, the inability to complete a
feasibility study which recommends a production dec ision, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required government al, environmental or other project approvals, polit ical risks, inability to
fulfill the duty to accommodate First Nations and o ther indigenous peoples, uncertainties relating to the availability 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 proj ects, capital and operating costs varying significa ntly from estimates
and the other risks involved in the mineral explora tion and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Compa ny believes that the assumptions and factors used i n preparing the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such information,
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which only applies as of the date of this news rele ase, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company discla ims 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 require d by law.