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Signature Resources Releases Preliminary Interpretation of Detailed Geophysical Results at Its Lingman Lake Project; Six New Targets Identified
Toronto, Ontario--(Newsfile Corp. - October 14, 2021) - Signature Resources Ltd. (TSXV: SGU) (...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Releases Preliminary Interpretation of Detailed Geophysical Results at Its Lingman Lake Project; Six New Targets IdentifiedToronto, Ontario--(Newsfile Corp. - October 14, 2021) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S3) (\"Signature\" or the \"Company\") is pleased to announce preliminary interpretations of the magnetic and resistivity data from its recently completed surveys of the Lingman Lake mine site area (figures 1 and 2).Magnetometer Survey Highlights:Strong edge correlation of linear magnetic high areas with North, Central and South zones.Correlation used to identify six new target areas ranging in interpreted strike lengths from 200-metres to more than 950-metres.High priority target consists of: a) complex northeast trending linears extending from the known North and South zones strike extensions as well as north and south of these areas and b) complex northwest trending linear representing an extension of the West zone. Geophysical and geological compilations of high priority target areas progressing to identify new drill targets for drilling this Fall.Resistivity Survey Highlights:Apparent resistivity component of the induced polarization survey in plan view correlates with magnetic data.Strong edge correlation of North, Central and South zones with resistivity high areas mimics the spatial association of the zones with quartz-feldspar intrusion and magnetic high areas.Association points to a significant target area along strike of these zones.\"While these interpretations are preliminary, pending further modelling, this is an exciting data-driven development in the exploration of the Lingman Lake gold zones. Extrapolating the zones eastward for more than 500-metres, offers the potential for a new discovery. We are eager to drill test this target area and possibly some of the other areas upon further modelling being completed this Fall.\"Robert Vallis - President, CEO, and DirectorH2/21 Drilling and Regional Exploration Update:As highlighted in the September 20, 2021 press release the Company's ongoing, fully-funded Fall 2021 diamond drill campaign continues at the mine site and is currently testing inter-level continuity and grade extensions. First assay results are pending.Regional exploration efforts continue with the nearly-completed data processing of the completed regio...