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Signature Resources Announces Successful Completion of Diamond Drill Program at Its High Grade Lingman Lake Gold Property
Major Milestone Completing First Drill Program at Lingman Lake Since Late 1980s In Process of Selecting Core Samples to be sent to SGS for Assays TORONTO, Sept.
About this update from Signature Resources Ltd.
[{"type":"text","content":" Major Milestone Completing First Drill Program at Lingman Lake Since Late 1980s In Process of Selecting Core Samples to be sent to SGS for Assays TORONTO, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) (\"Signature\" or the \"Company\") is pleased to announce the successful completion of the diamond drill program at Lingman Lake. Twelve holes totaling 1,518 meters have been completed; eleven of the holes intersected significant alteration and sulphide mineralization that are typically related to the known gold-bearing mineralization at Lingman Lake. “Visually, all of the holes intersected zones of interest. Eleven of them displayed significant alteration and mineralization which should correlate with known gold zones. Sample cutting of the core is underway and should be completed in about two weeks, after which all of the samples will be flown to SGS’ laboratory in Red Lake, Ontario, and then we wait in anticipation for the assay results”, commented Walter Hanych, President and CEO of Signature Resources. Mr. Hanych continued, “Further I would like to thank Jacob and Samuel Drilling Ltd., its crew and management, for the successful and safe completion of the drill program under challenging conditions. We are happy that all measures to assure crews safety resulted in zero accidents and or incidents reported during the campaign.” The drill program targeted known gold zones at various depths and strike intervals. With the completion of the drill program the focus is now on core processing. This includes: total core photography, geotechnical RQD and core recovery, geological logging, sample interval determination and core cutting. 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 Caracle Creek International Consulting Ltd., and is the program site geologist, and by Walter Hanych, P.Geo., President-CEO of Signature Resources. Both are Qualified Persons as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. About Signature The Lingman Lake gold property consists of four free-hold patented claims and 762 single-cell staked claims. Total land package amounts to 15,372.3 hectares; 275.5 hectares of the property total include 14 mineral...