Toronto, Ontario - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ('Signature' or the 'Company') is pleased to announce the results for the first two diamond drillholes ('DDH') from the winter drill program: LM 25-01 and LM 25-02.
Both holes were designed to test the zones 150 metre ('m') down dip on the eastern edge of the known resource mineralization. Drilling encountered a wide zone of alteration down dip of all three zones known (South, Central and North) supporting our geologic modeling. It is worth highlighting that diamond drill hole LM 25-04 has encountered an unexpected strong quartz-chlorite-carbonate vein breccia system with variable strong shearing and sulphide mineralization over 19 m. After reviewing the geophysics, this new anomaly coincides with a Very Low Frequency ('VLF') conductor which has a strike length of 1,700 m east-west and located approximately 250 m south of the historic drilling.
The Company began its winter drill program in November of 2025 with eight DDH's planned for approximately 3,900 m of drilling. To date we have completed 1,950 m of drilling. Following the holiday break, we re-opened camp, completed restocking of supplies and delivery of fuel and restarted drilling on February 5th. The assay labs continue to be capacity constrained, and their delayed delivery of results has slowed our data compilations. Results for 152 samples from LM 25-03, are still outstanding. The remainder of LM 25-03 has been delivered to SGS Red Lake to begin sample preparation and will be delivered to SGS Burnaby for assaying.
As mentioned earlier, the first two diamond drill holes of the program were designed to test the eastern end of the zones at depth. Core logging and assay results support the geologic model which is encouraging for predictive vectoring of future drill holes. As with many high-grade gold systems, the results can be variable as these type systems pinch and swell. We did encounter intercepts along the drill traces with broader mineralized results ranging from 0.10 to 3.33 grams per tonne of gold ('g/t Au'). We wish to remind investors our program is small and very target oriented towards structural continuity, so grade fluctuations are to be expected. Larger drill programs have the luxury of reporting technical results and grade intercepts within realistic deposit scale expectations. Until this program, there has been no systematic deep drilling along the mineralized corridor and we continue the geological interpretation of the results. Our exploration program is advancing with deep drilling on the central part of the system and to be followed by three holes planned to test the western extents of the system.
About Signature Resources Ltd.
The Company is a Canadian based advanced stage exploration company focused on expanding the 100% Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property (the 'Property') consists of 1,274 single-cell and 13 multi-cell staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 24,821 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at depths of 46-metres, 84-metres and 122-metres. There has been over 43,222 metres of drilling done on the Property and four 500-pound bulk samples that averaged 19 grams per tonne of gold. The Company's initial mineral resource estimate was published in the report entitled 'NI 43-101 Technical Report on the Lingman Lake Property' dated May 31, 2025 prepared by Gehard Kiessling, P. Geo., Farshid Ghazanfari, P. Geo., Marin Drennan, P. Eng., Cameron Finlayson and Jeff Plate,CFA, P. Geo, of Watts, Griffis and McOuat Geologic Mining Consultants. The initial mineral resource published was estimated to contained 2.145 million tonnes of material grading 1.38 g/t Au for an estimated 95,200 ounces in the indicated category and 18.398 million tonnes of material with an average grade of 1.14 g/t Au for an estimated 674,320 ounces in the inferred category at a cutoff grade of 0.30 g/t. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drilling rigs. In November 2023, Wataynikaneyap Power energized a new 115kV high tension transmission line within 40 km of the historic Lingman Lake Mine.
Contact:
Dan Denbow
Tel: (800) 259-0150
Email: info@signatureresources.ca
Web: www.signatureresources.ca
John Boidman
Email: jboidman@renmarkfinancial.com
Tel: (416) 644-2020
Web: www.renmarkfinancial.com
Cautionary Notes
This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases and global geopolitical events. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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