Signature Resources is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The project has a 234,000 ounce historical high-grade gold resource estimate that is contained within the first 180m of surface and open in all directions.
Signature is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drill rig and aims to publish a maiden NI 43-101 compliant resource in 2022.
The Lingman Lake Gold deposit is in the prolific northern Red Lake district within a massive land package with huge regional Gold potential. This covers nearly 90% of the entire Lingman Lake Greenstone Belt within their claim package so the district-level potential for further discovery is significant, and they have entered into the growth phase.
They are through their initial funding and have recently completed a 3,000m initial drill programme working to step out and expand the scale of the discovery towards eventually achieving a 43-101 compliant resource and moving the historical resource into that compliance along with a significant expansion of scale in grade and ounces.
Moving forward to increase the resource, Signature is primarily drilling for scale. The company is planning a well defined focused drill programme and will move quickly to determine the extent of the mineralisation. Once they have mapped the size of the resource, they plan to do in-fill drilling to increase grade and scale. The remainder of assay results are due back within the month and these will be combined with results from the geophysics programme to formulate plans going forward.