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Signature Resources Announces That All Core Samples From Its 2018 Diamond Drill Campaign Have Been Received at SGS’ Lab in Red Lake, Ontario
TORONTO, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) ("Signature" or the "Company") is pleased to announce that all of
About this update from Signature Resources Ltd.
[{"type":"text","content":" TORONTO, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) (\"Signature\" or the \"Company\") is pleased to announce that all of the sampled sections of drill core from the Company’s recently completed exploration program at its Lingman Lake gold property have been received at SGS’ analytical processing lab in Red Lake, Ontario. The samples were flown by charter aircraft to Red Lake last Friday and are currently being inventoried at the lab prior to processing. “We are very excited that the samples are now in the analytical processing stage. We wait with anticipation for the results, as many of the core samples being analyzed displayed characteristics of gold mineralization associated with the Lingman Lake gold zones,” commented Walter Hanych, President and CEO of Signature Resources. Exclusive of QA/QC (Quality Assurance – Quality Control) samples, 558 intervals of core have initially been selected for sampling. These samples were prepared, in the field under supervised conditions, by diamond saw cutting of the NQ (47 mm diameter) core; half of the core for each sample interval is retained at the project site by Signature. Analyses will consist of quantifying gold tenors employing a fire-assay concentration with an atomic-absorption finish; samples reporting gold tenors of greater than 5 grams of gold per tonne (>5 g Au/t) will be re-analyzed with a gravimetric finish. Also included in the analytical protocol is a 51-element package by ICP methods. The sampling protocol includes 145 samples inserted for QA/QC purposes. The Company’s QA/QC protocol is an integral component of evaluating sample integrity from collection to analysis. Caracle Creek International Consulting has been retained to independently monitor and assess these samples. 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-rights patents. The property hosts an historic estimate of 234,684 oz of gold* (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 consisting of a 126.5-meter shaft and three levels of development at depths of ...