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Signature Resources Refines 2025 Fall Drilling Targets Using 3D IP Survey, Announces Equity Raise
Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Signature Resources Ltd. (TSXV: SGU) (O...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Refines 2025 Fall Drilling Targets Using 3D IP Survey, Announces Equity RaiseToronto, Ontario--(Newsfile Corp. - September 25, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) (\"Signature\" or the \"Company\") is pleased to provide the proposed diamond drill hole (\"DDH\") program to be completed in the fall of 2025. It is contemplated that the Company would drill six DDH's for approximately 3,000 metres (\"m\"). One of the key findings from the NI 43-101 technical report published July 31,2025 was the deposit remained open laterally along the East/West trend and at depth. The Company has defined this drill program based upon the modeling work culminating from historical drilling results and areas of interest defined by geophysical work looking at the strong correlation of mineralization with high chargeability and low resistivity. The targets identified for the upcoming program are considerably larger than the ones associated with drilling done to date (see figures below).\"The Company remains focused on completing fundamental work that will continue to demonstrate the potential of significantly expanding the mineral resource of the Lingman Lake Property. The 3D IP survey identified anomalies which correlated to known mineralized zones. To this end, part of the drill program will test the West Zone 590 metres west of DDH LM24-13 and 14 which were the most westerly holes drilled in 2024, and to a vertical depth of up to 475 m. This work is another example of the thorough fundamental work that has been undertaken to prove the potential of the Lingman Lake Deposit which will also assist with vectoring regional targets.\" - J. Dan Denbow, CFA – President, CEO and DirectorThe Company is also announcing that it is undertaking a non-brokered private placement of flow-through units (\"FT Units\") and non-flow-through Units (\"NFT Units\") for gross proceeds of up to C$3,000,000 (the \"Offering\"). It is anticipated that insiders will subscribe for at least 20% of the offering. 3D Alpha IP and Mag SurveysA geophysical interpretation report was produced by Simcoe Geoscience Limited December 18, 2021, that identified a number of anomalies based upon the analysis of a 3D Alpha IP – Wireless Time Domain Distributed Induced Polarization & Ground Magnetic Survey. The survey compris...