Signature Resources Provides a Project Update at Its 100% Owned Lingman Lake GOLD Project
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SIGNATURE RESOURCES PROVIDES A PROJECT UPDATE AT ITS 100% OWNED
LINGMAN LAKE GOLD PROJECT
Toronto, Ontario, August 23, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to announ ce an update on all site activities including the
geophysical data programs and project site drill preparation being conducted at its 100% owned Lingman
Lake Gold Project (“Project”) located in Northwestern Ontario.
Highlights:
• The planned 10,000 meter fall drill program remains on schedule to commence around mid-
September despite a challenging summer.
• Delays with the summer activities related to the ex tensive summer wildfires and smoke in
surrounding regions have subsided and no longer hamper site activities.
• Previously announced geophysical programs are progressing rapidly:
o Property-wide airborne LIDAR program has been completed
o Lingman site 3D Induced Polarization (“IP”) data pr ogram is ~60% completed and is
expected to be completed by mid-late September (in time for drilling)
o Property-wide airborne geophysics program is underway and scheduled to be completed
in early September
o Newly analyzed historical information in the on-goi ng compilation of the Lingman Lake
Greenstone belt has generated a conceptual explorat ion model for the 40-mineral
occurrences located at the west end of the belt.
Site expansion and enhancements supporting the upcoming expanded drilling campaign continue to
advance and are scheduled to be largely completed by late September.
“Signature has successfully progressed its Project on all fronts throughout this summer despite
incurring some delays that were caused by wildfires in the region and I am proud of the whole
Signature team for what they have been able to acco mplish. The Project remains on target to
commence drilling around mid-September.”
Robert Vallis – President, CEO, and Director
The late summer schedule is focused on completing various site and regional geophysical data collection
programs, and several camp expansion/enhancement tasks to prepare for the next scheduled expanded
drill campaign.
Wildfire-related government restrictions have now been lifted. The month of July and into early August
saw delays incurred at the Project related to the significant wildfires and smoke from unprecedented and
extreme drought conditions that hampered and threatened the entire regions of western and northwest
Ontario into and throughout Manitoba, Saskatchewan, and south into the northern United States. A
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resulting restriction of all industrial forestry/logging operations and certain mineral field exploration and
mining-related activities was put into effect by th e Ministry of Northern Development, Mines, Natural
Resources and Forestry (“NDMNRF”).
The NDMNRF restriction delayed the Company’s in-pro gress 3D IP data collection program. However,
~60% of the planned survey was completed before thi s restriction was imposed and that data has been
processed on a first-pass basis, resulting in a preliminary interpretation of the dataset. This interpretation
will be released in the coming weeks. The smoke in and around the regional property presented challenges
and delays to commencing and completing the previou sly-noted regional airborne and project ground
geophysical and site expansion activities. Site ac cess was also challenged due to the secondment of
regional air equipment for supporting provincial fi refighting operations and emergency evacuations
throughout many communities in western Ontario and eastern Manitoba.
During the NDMNRF imposed restriction period, the Company successfully implemented several site risk
mitigations including:
• a substantial fire break-barrier around the entire project site perimeter
• installation of fire suppression systems in specific areas throughout the camp
• staged existing site equipment/supplies in safe zones at site
• staged new equipment/supply deliveries off-site in secure locations
• insurance contracts have been augmented for larger Project scope
With wildfire delays and related challenges abated, the Company continues to advance all planned site
and regional activities responsibly and rapidly towards drilling around mid-September.
About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four freehold full patented claims and 14
mineral rights patented claims totaling approximate ly 27,113 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.
*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
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366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or
contact:
Donna McLean
Chief Financial Officer
416-417-8349
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.