Signature Resources Increases Its Lingman Lake Project Land Package IN the Prolific Red Lake Geologic District
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SIGNATURE RESOURCES INCREASES ITS LINGMAN LAKE PROJECT LAND PACKAGE IN THE PROLIFIC RED
LAKE GEOLOGIC DISTRICT
Toronto, Ontario, February 25, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to announce the increase in its land position at its Lingman Lake
Project within in the prolific Red Lake geologic district in Northwestern Ontario.
The previously held claims, excluding the 18 held patented claims, of 604 has been increased to 1,066
claims. When added to the 4 full patent claims and 14 mineral rights patented claims held, Signature
now holds a total of 1,084 claims (20,124 hectares).
The updated claim package covers a huge land holdin g defined by a near 30 km E-W strike distance and
202 square kilometers of highly prospective mineral potential. The Signature team is excited with its plans
to commence a significant regional exploration program commencing in the spring of 2021. The program
will be focused on following-up on previously compl eted regional exploration work identifying and
unlocking multiple high-potential regional drill targets throughout its massive land package.
“The addition of 462 claims to Signature’s Lingman Lake property, which cover complex
structural domains beyond the all-important North C ontact, has enhanced the district scale
potential of the Lingman Lake land package. We look forward to undertaking regional and
targeted exploration programs to assess this potential in the up-coming field season”.
Walter Hanych – Chief Geologist
The Company continues preparations to commence its 2,500 meter 2021 winter drill program in early
March as targeted. The program is focused on expand ing the known zone of historic mineralization
towards the west and to depth.
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An image of the updated land package highlighting the recently added claims is depicted below:
About Signature
The Lingman Lake gold property consists of 1,066 st aked claims, four free hold full patented claims an d
14 mineral rights patented claims totaling approximately 20,184 hectares. The property hosts an historical
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 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
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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 Company’s object ives, goals or future
plans, statements, exploration results, potential m ineralization, the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of op erations and estimates of market conditions and ris ks associated
with infectious diseases, including COVID-19. Facto rs that could cause actual results to differ materi ally from such forward-
looking information include, but are not limited to changes in general economic and financial market c onditions, failure to
identify mineral resources, failure to convert esti mated mineral resources to reserves, the inability to complete a feasibility
study which recommends a production decision, the p reliminary nature of metallurgical test results, de lays in obtaining or
failures to obtain required governmental, environme ntal or other project approvals, political risks, i nability to fulfill the duty
to accommodate First Nations and other indigenous p eoples, uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, in flation, changes in exchange rates, fluctuations in commodity prices,
delays in the development of projects, capital and operating costs varying significantly from estimate s and the 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 believes that the assumptions and factors used in preparing the f orward-looking
information in this news release are reasonable, undue reliance should not be placed on such information, which only applies
as of the date of this news release, and no assuran ce can be given that such events will occur in the disclosed time frames
or at all. The Company disclaims any intention or o bligation to update or revise any forward-looking i nformation, whether
as a result of new information, future events or ot herwise, other than as required by law.