SIGNATURE RESOURCES INTERSECTS HIGH GRADE GOLD FROM ITS FIRST DRILL PROGRAM IN NORTH ZONE AT LINGMAN LAKE GOLD PROJECT Drilling highlighted by 8.0 m of 17.87 g/t gold & 4.0 m of 6.84 g/t gold in the North Zone Target Samples included 1.0 m intervals with results as high as 58.08 g/t gold
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES INTERSECTS HIGH GRADE GOLD FROM ITS FIRST DRILL
PROGRAM IN NORTH ZONE AT LINGMAN LAKE GOLD PROJECT
Drilling highlighted by 8.0 m of 17.87 g/t gold & 4.0 m of 6.84 g/t gold in the North Zone Target
Samples included 1.0 m intervals with results as high as 58.08 g/t gold
FOR IMMEDIATE RELEASE November 8, 2018
Toronto, Ontario, November 8, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature"
or the " Company ") reports the results of drill holes 18-03, 18-04 and 18-05 which targeted the North Zone at the
Company’s Lingman Lake gold property located in nor thwestern Ontario. This year’s exploration campaign was
conducted with a view to test the grade and continu ity of the mineralization encountered in historical drilling done
on the property by previous operators. Highlights f rom the North Zone drilling are summarized below.
• Drill hole 18-05 returned 8.0 meters with an average grade of 17.87 grams of gold per tonne
(from 95.0 to 103.0 meters). True width is estimate d at ~6.9 meters.
• Drill hole 18-03 returned 4.0 meters with an average grade of 6.84 grams of g old per tonne
(from 82.0 to 86.0 meters). True width is estimated at ~3.5 meters.
Drill hole 18-05 was collared to intercept the Nort h Zone at approximately 64 meters vertical depth, i n the gold-
mineralized shoot between the 150 Level (45 meters vertical depth) and 275 Level (84 meters vertical d epth) of the
historical underground workings at the site. Histor ical drilling in proximity to 18-05 are: 45-21 (app roximately 14
meters higher up and 5 meters east) assayed 136.5 g rams of gold per tonne along 3.9 meters; and 87-73 (14 meters
higher and 20 meters west) assayed 13.50 grams of g old per tonne along 9.2 meters.
Drill hole 18-03 was collared 83 meters west of 18- 05 and was designed to intersect the North Zone at 55 meters
vertical depth, between the 150 Level and 275 Level . Historical drilling in proximity to 18-03 was hol e 45-17,
situated 11 meters lower which assayed 16.10 grams of gold per tonne along 3.02 meters.
Drill hole 18-04 was drilled to test the grade of g old-mineralized shoots between surface and the 150 Level in an
area previously untested by drilling. 18-04 interse cted the interpreted edge of a gold-mineralized sho ot of the North
zone and returned an assay of 2.33 grams of gold pe r tonne along 6.0 meters, ( ⁓5.2 meters true width) at 23 meters
vertical depth.
Mr. Walter Hanych, CEO stated, “We are extremely en couraged by these additional results from
our first drill campaign. We believe Lingman Lake is one of the premier under-developed emerging
gold projects in Canada. With these results from o ur new drilling, we are very optimistic that any
future drill campaigns will successfully support an d enhance the robust historical legacy. The North
Zone is typical of a high-grade gold system produci ng assay results ranging from low grade to very
high-grade gold. We are confident, that with the hi storical gold grades which have been reported in
previous press releases, and with future infill and extension drilling, that the North zone will yield
significant high-grade gold sections. Importantly, the drilling is indicating that the true width of t he
zone is wider than what is indicated in historical underground plans.”
The above cited intersections for hole 18-03, 18-04 and 18-05 are derived from assay results presented in the
following table and are reported as weighted compos ite averages.
North Zone Target 1
DDH Easting 2 Northing 2 Azimuth Dip From
meters
To
meters
Width
meters g Au/t
18-03 507236 5968772 360° -45°
82.00 83.00 1.00 4.00
83.00 84.00 1.00 6.94
84.00 85.00 1.00 15.63
85.00 86.00 1.00 0.79
82.00 86.00 4.00 6.84
18-04 507260 5968729 360° -45°
45.00 46.00 1.00 2.62
46.00 47.00 1.00 1.59
47.00 48.00 1.00 0.64
48.00 49.00 1.00 4.37
49.00 50.00 1.00 4.13
50.00 51.00 1.00 0.65
45.00 51.00 6.00 2.33
18-05 507320 5968750 360° -45°
95.00 96.00 1.00 3.15
96.00 97.00 1.00 3.52
97.00 98.00 1.00 15.67
98.00 99.00 1.00 2.81 3
99.00 100.00 1.00 12.99
100.00 101.00 1.00 44.71
101.00 102.00 1.00 58.08
102.00 103.00 1.00 2.06
95.00 103.00 8.00 17.87
Notes:
1 North zone strikes east-west, dips 75° to the south.
2 UTM coordinates: Zone 15N. Datum: NAD 83.
3 Reported analysis is the mean of original sample (3.26 g Au/t) and duplicate sample
(2.35 g Au/t) from same core interval.
Gold analyses were performed using a fire-assay con centration with an atomic-absorption finish. Gravim etric-finish
results of the highest-grade intervals are to follow. QA/QC results support the validity of the original assays.
About Signature
The Lingman Lake gold property, located in northwes tern Ontario in the Red Lake Mining District consis ts of four
free-hold full patented claims, 14 mineral rights p atented claims and 1,054 single-cell staked claims, comprising a
total of approximately 21,420 hectares. The propert y hosts an historical estimate of 234,684 oz of gol d* (1,063,904
tonnes grading 6.86 g Au/t at a 2.73 g Au/t cut-off) and includes what has historically been referred to as the Lingman
Lake Gold Mine, an underground substructure consist ing of a 126.5-meter shaft and three levels of deve lopment at
depths of 46 m (150 Level), 84 m (275 Level) and 12 2 m (400 Level).
*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 P erson has not done sufficient work to verify the cl assification of the mineral
resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI
43-101-compliant mineral resource estimate. Establi shing a current mineral resource estimate on the Li ngman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course. Ad ditional information
regarding historical resource estimates is availabl e in the technical report entitled, “Technical Repo rt on the Lingman Lake
Property” dated December 20, 2013, prepared by Walt er 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
705.445.0184
Qualified Persons
The scientific and technical content of this press release has been prepared, reviewed and approved by John Siriunas,
P.Eng., Associate Independent Consultant with Carac le Creek International Consulting Ltd., and is the program site
geologist, and by Walter Hanych, P.Geo., President- CEO of Signature Resources. Both are Qualified Pers ons as
defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects .
Analyses and Quality Assurance – Quality Control
Gold and multi-element analyses were performed by SGS Canada at their laboratory located at Red Lake,
Ontario and quality assurance/quality control monit oring of the samples will be undertaken by the
independent consulting firm of Caracle Creek Intern ational Ltd.
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy 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 de scribe the Company’s future plans, objectives or go als, including
words to the effect that the Company or management expects a stated condition or result to occur. Forw ard-looking
statements may be identified by such terms as “beli eves”, “anticipates”, “expects”, “estimates”, “may” , “could”,
“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and address futu re events
and conditions, 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 that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward-looking inform ation could
cause actual events, results, performance, prospect s and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forwar d looking information in this news release includes , but is not
limited to, the Company’s objectives, goals or futu re plans, statements, exploration results, potentia l mineralization,
the estimation of mineral resources, exploration an d mine development plans, timing of the commencemen t of
operations and estimates of market conditions. Fact ors that could cause actual results to differ mater ially from such
forward-looking information include, but are not li mited to failure to identify mineral resources, fai lure to convert
estimated mineral resources to reserves, the inabil ity to complete a feasibility study which recommend s a production
decision, the preliminary nature of metallurgical t est results, delays in obtaining or failures to obt ain 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 financing needed in
the future, changes in equity markets, inflation, c hanges in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital and operati ng costs varying significantly from estimates and t he 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 beli eves that the assumptions and factors used in prepa ring the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n such
information, which only applies as of the date of t his news release, and no assurance can be given tha t such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation t o update or
revise any forward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law.