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Signature Resources Confirms Near-Surface Strike Extensions up to 500 Metres East from Existing Mineralized Zones
Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - Signature Resources Ltd. (TSXV: SGU) (...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Confirms Near-Surface Strike Extensions up to 500 Metres East from Existing Mineralized ZonesToronto, Ontario--(Newsfile Corp. - November 3, 2021) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S3) (\"Signature\" or the \"Company\") is pleased to announce that it has found historical near-surface (<100 metre depth) drill data from ongoing compilation work. The historical drilling has confirmed significant East strike extensions to the existing North and Central mineralized zones. This historical data compilation work underpins several of the six newly-identified drill targets identified at the 100%-owned Lingman Lake Project from the recently-completed magnetic and IP geophysical surveys (See Figure 1).Highlightshistorical shallow test drilling:7.54 g/t over 0.5 metres 6.18 g/t over 0.6 metres Data essentially doubles the strike length of the existing North and Central gold zonesTest drilling of these new zones to commence mid-November focused on:the new strike extensions to re-establish the existing zones on strike and thickness and the new gold zone targets to the north and south of the existing zones and their associated east strike extensions\"The plethora of historical regional and local data that the Signature's exploration team is working through, continues to yield exceptional and valuable results. This data is highly important when combined with the new geophysical survey data sets, in the identification and verification of significant gold mineralization strike extensions and entirely new zone drill targets. The data implies that the existing gold zones that contain the 234,000 ounce historical high-grade gold resource* could be vastly expanded. Test drilling will commence at these new target areas around mid-November once the depth extension drilling is complete.\" Robert Vallis - President, CEO, and DirectorNorth and Central Zone ExtensionsGeophysical interpretation of the recently-completed detailed ground magnetic survey has extended the North and Central zones eastward past the Mud Lake fault for more than 500 metres (See Figure 1). Most of the shallow historical test drilling on the Lingman Lake gold zones occurred west of this fault. The detailed magnetic survey suggests that this fault cuts all the known gold zones with a right lateral displacement of 50 to 60 metres. The ne...