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Signature Resources Identifies Eight New Regional Gold Exploration Targets from Completed Airborne Survey
Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - Signature Resources Ltd. (TSXV: SGU) ...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Identifies Eight New Regional Gold Exploration Targets from Completed Airborne SurveyToronto, Ontario--(Newsfile Corp. - November 30, 2021) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE 3S3) (\"Signature\" or the \"Company\") is pleased to announce the geophysical interpretation of the recently completed airborne VLF magnetic survey. Work done to date from the 2021 survey produced eight new gold exploration targets of high-interest which results in a total of 15 regional exploration targets (when combined with the targets identified from the 2018 airborne survey - See Figure-1).Highlights15 total regional exploration targets of high interest identifiedMerged magnetic surveys of 2018 and 2021 supports more complete contextual regional targetingMagnetic data from the completed survey work reveals that the Lingman Greenstone belts has undergone several periods of folding and faulting producing favorable environments for gold deposition now including Sedimentary basin margins \"Signature's Regional exploration program continues to yield exciting results and furthering the potential for additional gold discoveries within our large land package. The rich geologic structure of the Lingman greenstone belt is revealing several areas of high interest for gold deposition. Target ranking for prioritization is currently underway and will result in selecting our top-three regional explorations targets to begin next-stage ground-based survey work this winter. In parallel, the ongoing 10,000 metre diamond drilling at the Lingman Lake Gold Project designed to expand the known envelope of gold mineralization are expected in the coming weeks.\" Robert Vallis - President, CEO, and DirectorRegional Exploration AdvancementsInitial targeting brings target total to 15-anomalous zones (A to O - Figure 1) based on Reconstructed Total Field and First Derivative Magnetic maps. Target areas for gold mineralization selection is based on:Structurally complex zones defined in magnetic data and historic data compilationRegional-scale folds and faults interpreted from the dataLithological boundariesPriority target ranking is currently being conducted on the targets identified by airborne Very Low Frequency Electromagnetic data (VLF-EM) obtained in the 2018 and 2021 surveys flown. Winter follow-up in Q1 2022 of the top three targe...