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Signature Resources Drilling Continues to Highlight a Larger Halo of Near Surface Gold Mineralization Highlighted by a New Drill Intercept of 47 Metres with an Average Grade of 2.43 g/t Gold from LM 24-07
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTC...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Drilling Continues to Highlight a Larger Halo of Near Surface Gold Mineralization Highlighted by a New Drill Intercept of 47 Metres with an Average Grade of 2.43 g/t Gold from LM 24-07Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) (\"Signature\" or the \"Company\") is pleased to provide the assay results of the final two holes drilled east of the diabase dyke in our 2024 drill program. DDH LM 24-07 and LM 24-08 were successful in expanding our knowledge of the mineralization on the east side of the dyke both demonstrating a larger halo of near surface mineralization that had not been fully tested prior to the 2024 drill program. The holes successfully tested an area of interest identified by Artificial Intelligence (\"AI\") interpolation of our geologic model. This was confirmed in diamond drill hole (\"DDH\") LM 24-07 which returned 2.43 grams per tonne of gold (\"g/t Au\") over 47 metres (\"m\") which includes 19 m with an average grade of 4.7 g/t Au, This hole confirms the success of the AI modeling in this area which had shown good results from LM 24-06 as reported in the January 11, 2025 new release. The company is still waiting for assays from the remaining six diamond drill holes that are being processed by the labs and is still on track to generate an initial NI 43-101 resource on the Lingman Lake Gold deposit by the spring of this year. \"I am very excited that these two holes expand the mineralized halo on the property which is very supportive of a starter pit concept and have further confirmed the results from the first AI identified target previously reported. This will continue to build confidence in the potential of the Lingman Lake gold deposit.\" - J. Dan Denbow, CFA - President, CEO and DirectorThe largest concentration of historical drilling has been conducted east of the diabase dyke and has identified four zones of mineralization beginning with the 11650 Zone on the southern edge moving north to the South Zone, Central Zone and North Zone. The North and South Zones appear the most consistent with respect to mineralization running proximal to the Quartz-Feldspar-Porphyry (QFP) intrusion contact. It is still undetermined if the 11650 Zone is an independent zone or a splay of the South Zone as it begins to converge into ...