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Signature Resources Reports Final Results for the 2024 Drilling Program Highlighted by a new Drill Intercept of 51 Metres with an Average Grade of 1.81 g/t Gold from LM24-09 in the South Zone
Toronto, Ontario--(Newsfile Corp. - February 18, 2025) - Signature Resources Ltd. (TSXV: SGU) (OT...
About this update from Signature Resources Ltd.
[{"type":"text","content":"Signature Resources Reports Final Results for the 2024 Drilling Program Highlighted by a new Drill Intercept of 51 Metres with an Average Grade of 1.81 g/t Gold from LM24-09 in the South ZoneToronto, Ontario--(Newsfile Corp. - February 18, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) (\"Signature\" or the \"Company\") is pleased to provide the final assay results of its 2024 drill program which again highlighted a larger halo of near surface mineralization. The drill results from holes west of the north-south trending dyke which bisects the zones, extended the mineralization to the west and successfully tested areas of interest identified by Artificial Intelligence (\"AI\") interpolation in our geologic model. This was confirmed by intersections in the South Zone for diamond drill holes (\"DDH\") LM24-09 and LM24-10. Drill hole LM 24-09 returned 1.81 grams per tonne of gold (\"g/t Au\") over 51 metres (\"m\") which includes 14 m with an average grade of 3.6 g/t Au. Drill hole LM24-10 returned 34 m with an average grade of 1.8 g/t Au, including six metres with an average grade of 7.7 g/t Au. The Company is also announcing results from four drillholes further to the west that encountered mineralization in the West Zone and extended the zone westward with results from drill hole LM 24-14. \"I am very pleased that we have been able to complete all the assay work on our 2024 drill program and can say our work programs have successfully met our goals of defining a larger, near surface gold halo. The four drill holes designed to test the AI identified gaps in our database were successful. We have seen an extensive expansion of the mineralized gold halo on the property which is supportive of the shallow resource being tested. In addition, our knowledge of the control structures of the deposit has also improved. With all this work complete, we can now move forward with our initial NI 43-101 resource which is expected to be released this spring. This will be a significant step in demonstrating the potential of the Lingman Lake gold deposit which remains open in all directions. We look forward to gaining geological insights as the new information is compiled into the resource model. These new drill results continue to show potential to extend laterally and its exciting to consider that we have only drilled to a d...