Major Milestone Completing First Drill Program at Lingman Lake Since Late 1980s In Process of Selecting Core Samples to be sent to SGS for Assays Signature Resources Ltd. is pleased to announce the successful completion of the diamond drill program at Lingman Lake. Twelve holes totaling 1,518 meters have been completed; eleven of the holes intersected significant alteration and sulphide mineralization that are typically [...]
Signature Resources Ltd. is pleased to announce that drill hole 18-03 targeting the North Zone of mineralization at Lingman Lake has intersected two sections of variably altered and sheared rock. Visual examination of the core reveals that the zones are a bleached, moderately to highly silicified and carbonatized, variably pyritic and highly foliated rock. The foliation is the result of high shear strain, which is an [...]
Signature Resources Ltd. is pleased to announce that six diamond drill holes totaling approximately 600 meters have been completed at its Lingman Lake gold property, located in northwestern Ontario. The drill program which is being conducted on its patented claims is targeting the known gold zones at various depths and strike intervals. The core from these holes is currently being processed, which includes; total core [...]
Signature Resources Ltd. is pleased to announce that diamond drilling has commenced at its Lingman Lake gold property, located in northwestern Ontario. The drill program will be undertaken on its patented claims on which the majority of the historical estimate of 234, 684 ounces of gold occur. Drilling will extract NQ diameter core totaling up to 1,800 meters in 11-15 holes, targeting the known gold zones. Jacob and [...]
Not for distribution to U.S. news wire services or dissemination in the United States TORONTO, July 26, 2018 -- Signature Resources Ltd. is pleased to announce that further to its press release of June 25, 2018, today it closed the second tranche of a non-brokered private placement of up to $1,500,000 for gross proceeds of $454,600, bringing the total raised to $1,054,600. The Company issued 871,666 non-flow through units [...]
TORONTO, July 24, 2018 -- Signature Resources Ltd. is pleased to announce that it has received additional interpretation of its airborne geophysical data. Airborne Geophysical Compilation - Interpreted VLF Inversion “We have received exceptional results from the interpretation of VLF data. The results provide us with additional information for target selection beyond the known gold zones at Lingman lake, as we gear [...]
TORONTO, June 27, 2018 -- Signature Resources Ltd. is pleased to announce that it has received its Depository Trust Company Eligibility for its OTCQB-listed common shares which trade under the symbol SGGTF. “The receipt of our DTC Eligibility greatly simplifies the process of trading our common shares in the United States on the OTCQB, creating an overall benefit for all shareholders of the Company” stated [...]
Not for distribution to U.S. news wire services or dissemination in the United States TORONTO, June 25, 2018 -- Signature Resources Ltd. is pleased to announce that further to its press release of May 15, 2018, today it closed the first tranche of a non-brokered private placement of up to $1,500,000 for gross proceeds of $600,000 by issuing 5,000,000 non-flow through units . No finders’ fees were issued in [...]
TORONTO, June 11, 2018 -- Signature Resources Ltd. is pleased to announce that it has received additional interpretation of its airborne geophysical data. Inversion of a test block of data for the Terraquest Matrix VLF system has identified Resistivity Lows that are coincident with both the Northern and Southern Target Horizons, which contain multiple high priority targets. VLF Inversion Over Aeromagnetic Data The test of [...]
TORONTO, May 24, 2018 -- Signature Resources Ltd. is pleased to announce that it has received additional interpretation of its airborne geophysical data. The interpretation defines a new horizon with multiple high priority targets. The geophysical response of the South Horizon is similar to that observed for the Lingman Lake gold mineralized zones, in both the Magnetic and VLF data. The South Horizon contains 6 high [...]
Signature Resources Ltd. is pleased to announce that it will conduct a non-brokered private placement, subject to the approval of the TSX Venture Exchange, for aggregate gross proceeds of up to $1,500,000. The Offering will consist of non-flow-through units at a price of $0.12 per NFT Unit, and flow-through unit at a price of $0.14 per FT Unit. Each NFT Unit will consist of one common share of the Company and one warrant [...]
TORONTO, May 15, 2018 -- Signature Resources Ltd. is pleased to announce that it has signed a binding asset purchase agreement to acquire the Lingside Property , a property consisting of 14 patented mineral rights claims located in the Kenora District, Province of Ontario totaling 275.5 hectares. Geophysical trends on the Lingside and Lingman Lake properties The Lingside patents are located immediately west of the [...]