Signature Resources Identifies Extensive GOLD Target Areas Geophysics Defines Large Area Mirroring the Lingman Lake GOLD Zones
SIGNATURE RESOURCES IDENTIFIES EXTENSIVE GOLD TARGET AREAS
GEOPHYSICS DEFINES LARGE AREA MIRRORING THE LINGMAN LAKE GOLD ZONES
Toronto, Ontario, April 4, 2019 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature" or the
"Company ") is pleased to announce that it has received addi tional interpretation of its airborne geophysical
surveys. The data from the surveys, which have iden tified characteristics of the gold zones at the Lin gman
Lake mine, have now defined an extensive area exhib iting the same characteristics. The area is known t o
host over 40 mineral occurrences, reported to conta in gold, copper and molybdenum mineralization. This
area is situated 12.5-kilometers west of the Lingman Lake gold mine.
“These areas, far to the West of the Lingman Gold Z ones, are a high priority for future exploration wo rk. The
premise that the contact zone is an extensive alter ation feature along extended strike length is new f or the
project, but possibly explains the 40 mineral occur rences, blast trenches and historical drill holes a t the West
end of the property. This historical work may have been onto something, but lacked modern airborne
geophysics and inversion modelling to support the targeting.”, commented Walter Hanych, President and CEO of
Signature Resources.
The feature in part, is a magnetic low encompassing 1,400-hectres within a volcanic assemblage of rock s
which are typically characterized as having moderat e to high magnetic intensities. The feature is
interpreted to be the result of an alteration syste m replacing the normal magnetite found in volcanic rocks
with pyrite, an alteration often associated with gold mineralization. (See Figure 1)
In addition, the VLF-EM 55-meter depth inversion sl ice defines a semi-linear resistivity low feature, within
the broader magnetic low, at the edge of resistivit y high, the high being interpreted to be intrusive rocks.
Two linear resistivity lows, the north one, trends essentially-east-west, occurs for a strike length o f 10-
kilometers and is situated along the main contact b etween the north granitic terrane and southern volc anic
assemblage, while the south one, trends northwest-s outheast and extends for a distance of 4.6-kilomete rs.
Importantly, these features reflect the geophysical fingerprint of the Lingman Lake gold zones. (See Figure
2)
Figure 1 - An image of the Reconstructed Total Field magnetics from the airborne survey is presented below
highlighting key areas. The felsic intrusives are obvious magnetic lows, but this presentation shows distinct
magnetic lows immediately South of the felsic/mafic contact, which could relate to alteration and magn etite
replacement by pyrite.
Jeremy S. Brett of MPH Consulting Limited states: “The newly identified coincident magnetic and resistivity lows
could match an ideal model for a large alteration s ystem at the West end of the property and along the felsic /
mafic contact. This matches the same geophysical a nomaly characteristics observed at the Lingman Gold Zone.
It potentially adds another ~14km of target zones w hich could be prospective for gold mineralization, which lay
hidden under glacial cover."
Figure 2 - An image of the VLF-EM 55-meter depth inversion sli ce from the airborne survey is presented
below. The resistivity lows from the VLF inversion are correlated with the magnetic lows, mentioned a bove
in Figure 1. Combined, these may indicate prospective target zones along the felsic/mafic contact.
Signature also wishes to announce today that Keith McDowell has resigned from the Board of Directors
effective April 3, 2019. “On behalf of the Board of Directors I wish to thank him for his valuable yea rs of
service and wish him well in his retirement”, stated Walter Hanych, President and CEO.
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by
Jeremy S. Brett, M.Sc., P.Geo., Senior Geophysical Consultant with MPH Consulting Limited, an establis hed
international exploration and mining consulting com pany with its head office in Toronto, Ontario, and
Walter Hanych, P.Geo., President-CEO of Signature R esources. Both are Qualified Persons as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral Projects .
About Signature
The Lingman Lake gold property consists of 770 sing le cell staked claims, 4 free hold patented claims and 14
mineral rights patented claims totaling approximate ly 15,720 hectares. The property hosts an historic
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 Lingman La ke Gold Mine, an underground substructure consistin g 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 histori cal estimate as a current NI 43-101-compliant miner al
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 resourc e estimates is available in the technical report en titled,
“Technical Report on the Lingman Lake Property” dat ed 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:
Walter Hanych
Chief Executive Officer
705.446.5379
Cautionary Notes
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This news release contains forward-looking statemen ts which are not statements of historical fact. For ward-
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Company provides no assurance that actual results w ill meet management’s expectations. Risks,
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the estimation of mineral resources, exploration an d mine development plans, timing of the commencemen t
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from such forward-looking information include, but are not limited to failure to identify mineral reso urces,
failure to convert estimated mineral resources to r eserves, the inability to complete a feasibility st udy which
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or failures to obtain required governmental, enviro nmental or other project approvals, political risks ,
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operating costs varying significantly from estimate s and the other risks involved in the mineral explo ration
and development industry, and those risks set out i n the Company’s public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, un due reliance should not be placed on such informati on,
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 C ompany disclaims any intention or obligation to upd ate or
revise any forward-looking information, whether as a result of new information, future events or other wise,
other than as required by law.