Signature Resources Ltd. is pleased to announce that it has found historical near-surface drill data from ongoing compilation work. The historical drilling has confirmed significant East strike extensions to the existing North and Central mineralized zones. This historical data compilation work underpins several of the six newly-identified drill targets identified at the 100%-owned Lingman Lake Project from the [...]
Signature Resources Ltd. is pleased to announce its first four assay results from its recently-commenced 10,000-metre diamond drill program at Signature's 100%-owned Lingman Lake Gold Project in Ontario, Canada. Signature is using its own diamond drill rigs to advance exploration on this batch of drilling which was designed to test mineralization while expanding the known zone of mineralization to depth, east of the [...]
Signature Resources Ltd. is pleased to announce preliminary interpretations of the magnetic and resistivity data from its recently completed surveys of the Lingman Lake mine site area . 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 [...]
Signature Resources Ltd. is pleased to announce it has restarted diamond drilling as part of its 2021 fall drill campaign at its 100%-owned Lingman Lake Gold Project located in Northwestern Ontario . Highlights: Fully funded 10,000 metre fall drill campaign targeting expansion on depth and strike of Lingman Lake east-side of the diabase dike mineralized zones surrounding the historical UG workings. The Company owns two [...]
Signature Resources Ltd. is pleased to announce that its ongoing regional compilation has resulted in the development of a preliminary model to explain the geophysical signature and mineralization at Area-2 in the north-western portion of its 100%-owned Lingman Lake Gold Project located in Northwestern Ontario . Highlights: Extensive 8,000-metre by 2,200 metre geophysical low in mafic volcanics. Possibly the result of an [...]
Signature Resources Ltd. is pleased to announce an update on all site activities including the geophysical data programs and project site drill preparation being conducted at its 100% owned Lingman Lake Gold Project located in Northwestern Ontario. Highlights: The planned 10,000 meter fall drill program remains on schedule to commence around mid-September despite a challenging summer. Delays with the summer activities [...]
Signature Resources Ltd. is pleased to announce the appointment of Donna McLean as Chief Financial Officer of Signature, effective immediately. The appointment of Ms. McLean is key in positioning Signature's Management to successfully lead the Company's continued growth with efficiency and effectiveness. Jonathan Held has stepped down from the CFO position to pursue other interests but will remain for a duration to ensure [...]
Signature Resources Ltd. is pleased to announce the addition of three new Board of Director members and one new Advisory Board member. Lisa Davis, John Hayes, and Dan Denbow have been appointed to the Board. Concurrently, Jonathan Held and Walter Hanych will be stepping down from the Board. John Hayes and Dan Denbow previously held positions on Signature's Advisory Board and bring with their respective backgrounds a [...]
Signature Resources Ltd. is pleased to announce the results of its 15-hole drill program at its 100% owned Lingman Lake Gold Project . This initial step-out drill program was designed to test a strong alteration and structural deformation zone which in the past produced assays as high as 13.65 g/t gold over 5.0 metres and 12.15 g/t gold over 9.50 metres . Drilling identified a 200-metre corridor that is interpreted to be [...]
Signature Resources Ltd. is pleased to announce that, further to its press release dated June 21, 2021, it has closed an oversubscribed non-brokered private placement effective July 9, 2021 by issuing 13,107,312 non-flow-through units and 10,965,591 flow-through units for aggregate gross proceeds of $3,906,492. The financing included Commodity Discovery Fund out of the Netherlands and was further bolstered by additional [...]
Signature Resources Ltd. is pleased to announce the appointment of Rickardo Welyhorsky as Chief Operating Officer of Signature. The appointment of Mr. Welyhorsky will be key in advancing Signature Resources preparation for the most recently announced increase in drilling, site logistics and operations. Rickardo Welyhorsky is a seasoned mining professional with over 28 years of experience spanning all levels of project [...]
Signature Resources Ltd. is pleased to announce, subject to the approval of the TSX Venture Exchange, a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to C$3,500,000 . Commodity Discovery Fund out of the Netherlands has agreed to lead participation in the financing. This new interest from CDF was further bolstered by additional support from existing shareholders [...]
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