For thousands of other reports visit RSC's Mineral Intellingence Map
Signature Resources Ltd.
Summary
| Project: | Lingman Lake | |
|---|---|---|
| Deposit: | Lingman Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2017: Signature Resources Ltd. announces an Exploration/Drilling Update report for its Lingman Lake deposit at the Lingman Lake project. Re-sampling of historic core gives 4.5m @ 12.04g/t Au. Toronto, Ontario, January 11, 2017 – Signature Resources L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Walter Hanych (Internal) | |
| ABSTRACT: | Toronto, Ontario, January 11, 2017 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) ("Signature" or the "Company") is pleased to announce results from the remainder of the 22-hole re-evaluation program of the archived core from the Lingman Lake deposit. Results from the remaining 10-holes have been received and once again they have successfully demonstrated the validity of the historic data, and the high-grade nature of the Lingman Lake deposit. The highest single assay was from Hole 88-56 which returned a current assay of 28.7 gpt (0.84 opt) along a core interval of 0.46-meters (1.5-feet) within a wider interval of 2.9-meters (9.5-feet), which also includes an adjacent assay of 13.89 gpt (0.41 opt) along 0.46-meters (1.5-feet), resulting in a calculated weighted average of 8.57 gpt (0.25 opt). The historic core re-evaluation program consists of a subset of 22-holes from 177-drilled between 1987-89 and are representative of the deposit along a strike of 1,000-meters and a width of 225-meters. Zone categorization is pending and detailed maps will be posted on the company website in the near future. Exclusive of standards, 765-samples from the 10-holes were analyzed for gold and multi-element, of which 176- samples (23%) duplicated historic sample intervals. A correlation by regression analysis of gold values comparing historic assays to current assays, was completed by independent QA/QC consultant, and is reported to have good correlation producing an R2 value of 0.75 (1.0 being perfect positive correlation). Only 9.7% of the samples are dissimilar which is due to the nugget effect of gold on high grade values. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report