Business
Signature Resources Drills 7.07 g/t Gold Over 4.0 Metres; Including 11.9 g/t Gold Over 1.0 Metre, at Its Lingman Lake Project
Toronto, Ontario--(Newsfile Corp. - December 14, 2021) - Signature Resources Ltd. (TSXV: SGU) ...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Drills 7.07 g/t Gold Over 4.0 Metres; Including 11.9 g/t Gold Over 1.0 Metre, at Its Lingman Lake ProjectToronto, Ontario--(Newsfile Corp. - December 14, 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 ongoing 10,000-metre diamond drill program at its 100%-owned Lingman Lake Gold Project in Ontario, Canada using its two 100%- owned diamond drill rigs. This batch of diamond drill holes have successfully extended the North Zone below the 400L (~180 m vertical depth) (See Figure 2). Drilling highlights:7.07 grams-per-tonne gold (\"g/t Au\") over 4.0 metres (\"m\") in LM21-27; including 11.9 g/t Au over 1.0 m 3.54 g/t Au over 2.0 metres in LM21-28A\"These holes primarily targeted the largest of the zones, the North Zone, east of the diabase dike below the existing mineralization and continue extending the zones to depth. In particular, the North Zone continues to be a strong target geologically, displaying wide intersections up to 9 m of very intense silicification, fluctuating sulphide content and variable gold distribution. 2022 drilling will continue to probe all of the zones to depth in the mine area as well as along the eastern strike extent.\"Walter Hanych - Head Geologist\"2021 was both an exciting and challenging year for Signature Resources. We successfully staked 90% of the host Lingman Lake Greenstone belt and tested the regional potential with airborne geophysics. In addition, drilling at the Lingman Lake Gold Mine successfully expanded known zones of mineralization both up and down dip. Further, ground-based geophysics revealed several new high-priority targets with the exciting potential to significantly expand the Lingman Lake gold system. I am extremely proud of the entire Signature Team and what we were able to accomplish despite the many challenges we faced and overcame.\"Robert Vallis - President, CEO, and DirectorThe current 10,000-metre diamond 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 (~180 m vertical depth), down dip/plunge target drilling with 30-metre to 50-metre step outs and to a maximum vertic...