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Signature Resources Continues Extending Mineralized Zones to Depth; Drills 6.64 g/t Gold over 3 Metres; Including 18.5 g/t over 1.0 Metres at Its Lingman Lake Project
Toronto, Ontario--(Newsfile Corp. - December 8, 2021) - Signature Resources Ltd. (TSXV: SGU) (...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Continues Extending Mineralized Zones to Depth; Drills 6.64 g/t Gold over 3 Metres; Including 18.5 g/t over 1.0 Metres at Its Lingman Lake ProjectToronto, Ontario--(Newsfile Corp. - December 8, 2021) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S3) (\"Signature\" or the \"Company\") is pleased to announce the most recent set of drilling results from its recently started 10,000 metre diamond drill program at our 100% owned Lingman Lake Gold Project in Ontario, Canada using our two owned diamond drill rigs. This batch of five diamond drill holes successfully expands the known zones of mineralization both up dip and to depth on the eastern portion of the deposit located east of the diabase dyke (See Figure 2). Drilling highlights:6.64 grams-per-tonne gold (\"g/t Au\") over 3.0 metres (\"m\") in LM21-26; including 18.5 g/t Au over 1.0 m6.97 g/t Au over 2.0 metres in LM 21-25\"We are pleased with these drill results as they test and extend the mineralized zones east of the diabase dyke to depth that is approaching 250-metre vertical. High grade gold values in plunging shoots continue to be intersected along notable widths characterized by alteration zones of intense silicification, local brecciation and shearing. Additional assays from completed diamond drilling are expected shortly. It is important to highlight that the induced polarization data is being interpreted and show several new targets areas east, south and north of the known zones.\" - Walter Hanych - Head GeologistThe current 10,000-metre drill program up to and including LM21-30 is testing grade and continuity of the plunging mineralized high-grade shoots and overall mineralized North, South, and Central zones. The focus is below the 400 level, down dip/plunge target drilling with 30-metre to 50-metre step outs and to a maximum depth of approximately 350-metres below surface. Table 1 - Latest batch of Assay Results from Lingman Lake Gold Project Drilling Hole ID From m To m Length m Au g/t LM21-22 77.00 80.00 3.00 4.17 LM21-24 148.70 151.70 3.00 2.02 LM21-25 49.00 52.00 3.00 3.32 93.00 95.00 2.00 6.97 LM21-26 139.00 142.00 3.00 6.64 139.00 140.00 1.00 18.5 LM21-29 198.00 201.00 3.00 2.22 269.00 274.00 5.00 1.22  Figure 1 - Lingman Lake Gold Project Land Holdings Covering 90% of the Lingman Lake Greenstone BeltTo view an enhanced v...