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Signature Resources Ltd.
Summary
| Project: | Lingman Lake | |
|---|---|---|
| Deposit: | Lingman Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-11-2018: Signature Resources Ltd. announces an Exploration/Drilling Update report for its Lingman Lake deposit at the Lingman Lake project. Drilling results incl. 9.50m @ 12.15g/t Au from 35.5m. Drilling highlighted by 9.5 m of 12.15 g/t gold & 5.0 m of | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Walter Hanych (Internal) | |
| ABSTRACT: | Drilling highlighted by 9.5 m of 12.15 g/t gold & 5.0 m of 13.65 g/t gold in the West Zone Target First two holes reported higher grade gold values than what was reported from historical drilling FOR IMMEDIATE RELEASE November 5, 2018 Toronto, Ontario, November 5, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) ("Signature" or the "Company") is pleased to announce the results of drill holes 18-01 and 18-02 which targeted the West Zone at the company’s Lingman Lake gold property located in northwestern Ontario. This year’s exploration campaign was conducted with a view to test the grade and continuity of the mineralization encountered in historical drilling done on the property by previous operators. Drilling in the West Zone, the first holes to be reported on herein, is highlighted by the following: Drill hole 18-01 is a twin of an historical diamond drill hole, 89-15, being collared 2 meters east of 89-15 which had returned 10.70 grams along a 9.54 meter drill intercept. Drill hole 18-02 was collared 48 meters east of 18-01 in the vicinity of historical drill hole 45-49 which yielded 8.2 grams of gold per tonne along a 4.18 meter drill intercept. The historical diamond drill holes were put down by previous operators on the property. “We are very excited by these intersections; not only are we seeing a significant grade increase when comparing the historical drilling to the current drilling, but the drill composite widths are comparable, corroborating the width of the zone from historical work. The West Zone, where these drill holes are located, is 430 meters west and along strike of the North zone at the mine site. The zone was identified by historical drilling along a strike length of 360 meters and to a depth of 90 meters. This zone was under-drilled and is open at depth and along strike and we feel it is a high potential target” - Walter Hanych, President and CEO of Signature Resources | |
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