Signature Resources Ltd.
Financials
Financials
Current Financial Statements and Management Discussion and Analysis.
Lingman Lake Gold Mine
1. HIGH-GRADE BROWNFIELD PROJECT
Recently consolidated lands hold a historical estimate of 234,648 oz with an average grade of 6.86 g/t gold**
2. EXTRAORDINARY EXPLORATION POTENTIAL
a. Exploration targets remain open, limited by drilling
b. Bulk and composite samples demonstrated a higher grade potential* of 10-19 g/t versus 6.86 g/t gold in the resource.
c. Deep drill hole intersections at 240m vertical returned 1.5m of 325 g/t gold
d. Signature’s immediate goal is to up-grade the historic estimate to compliant resource reporting, and then expand it by drilling down-dip and along strike.
3. HIDDEN VALUE
Replacement costs for existing infrastructure (shaft, underground workings and historic drilling) compare well with the market capitalization at approximately ~$60 million** in value versus the current market cap of ~$8 million.
*historical U/G bulk sample (three x 227 kg) averaged 17.3 g/t gold; while the composite sample averaged 19.0 g/t gold
**management estimate.
Cautionary Note. The quantity reported as ‘historical’ estimate is historic in nature: A qualified person has not done sufficient work to classify the historical estimate as a current resource estimate. The issuer is not treating the historical estimate as a current resource estimate.
Source: https://www.signatureresources.ca/investors
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