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Signature Resources Files NI 43-101 Technical Report for the Initial Mineral Resource for the Lingman Lake Project
Toronto, Ontario--(Newsfile Corp. - July 31, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB:...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Files NI 43-101 Technical Report for the Initial Mineral Resource for the Lingman Lake ProjectToronto, Ontario--(Newsfile Corp. - July 31, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) (\"Signature\" or the \"Company\") is pleased to announce that the National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") technical report for the Lingman Lake Mine Project in Ontario, Canada has been filed and is the basis for the initial mineral resource estimate (\"MRE\") for the Lingman Lake Mine Project in the Kenora District, Ontario. The report entitled \"NI 43-101 Technical Report of the Lingman Lake Mine Project, Ontario, Canada for Signature Resources, LTD.\" has an effective date of May 31, 2025. This report has been prepared by the independent firm of Watts, Griffis and McOuat (\"WGM\") Geological and Mining Consultants. The Technical Report is available under the Company's SEDAR+ profile at www.sedarplus.ca. The MRE is a culmination of a total of 240 diamond drill holes including 33,309 assayed samples, for a combined length of 43,222 metres (\"m\"). The MRE (Table 1) consists of an Indicated resource of 2.15 million tonnes with an average grade of 1.38 grams-per-tonne gold (\"g/t Au\") for an estimated 95,200 ounce of gold (\"oz Au\"), plus an inferred resource of 18.4 million tonnes with an average grade of 1.14 g/t Au totalling 674,320 oz Au. About 5% of the gold ounces are outside of the statistical gold-grade capping and estimation was relatively insensitive to cutoff (Table 2) and modeling methodology. The current resource pit shell extends 1.6 kilometres (\"km\") (West to East) with a maximum width of ~400 m and a maximum depth of about 340 m below surface.Table 1- Lingman Lake Deposit Mineral Resource Statement **To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8296/260785_e64b83b9944aeaab_001full.jpg**A total of 240 diamond drill holes including 33,309 assayed samples, for a combined length of 43,222.59 m were used in mineral resource estimation. 72 historical drill holes from 1945 and one drill hole from 1973 were excluded from the mineral resource estimate. WGM was unable to verify these drill holes due to lack of a core, lack of assay certificates and logs, no physical collar location, and la...