Signature Resources Advances Lingman Lake Gold Project with Promising 2024 Drill Results

By Kevin Vincent

Signature Resources Ltd. has completed its 2024 drilling program at the Lingman Lake Gold Project in northwestern Ontario, yielding encouraging results. Among the highlights, drill hole LM 24-06 intersected 1.14 g/t gold over 54 metres, including high-grade intervals of 9.97 g/t, 7.16 g/t, and 17.69 g/t gold over 1-metre sections. The results suggest a broader halo of near-surface mineralization than previously identified, underscoring the project’s potential.

“We are very pleased to have completed our 2024 drill program and excited about what the results mean for the Lingman Lake Gold Project,” said J. Dan Denbow, President, CEO, and Director. “This program represents a critical step toward delivering our initial NI 43-101 resource estimate in Spring 2025, which will establish a baseline valuation and highlight the potential of the deposit.”

The 2024 drilling campaign included 14 diamond drill holes totaling approximately 4,650 metres, designed to address data gaps, explore new targets, and enhance the understanding of mineralization within the deposit. The program featured continuous core assaying along the entire length of each hole, providing a comprehensive dataset on gold distribution across the property.

Geological Highlights

The Lingman Lake deposit is defined by four main zones of mineralization—11650, South, Central, and North—primarily located east of a prominent diabase dyke. Drilling has revealed that these zones converge near drill hole LM 24-03, creating a broader mineralized area potentially suited for bulk mining. Recent mapping and analysis also suggest a bifurcating quartz-feldspar-porphyry intrusion, which influences gold distribution in the area.

Pending results from eight remaining drill holes, including tests of the South Zone extension and the West Zone near Shoe Lake, could further enhance the understanding of the deposit’s scope and economic viability.

Infrastructure and Historical Context

The Lingman Lake property encompasses 1,300 staked claims and 18 patented claims, covering 24,761 hectares. It features historical mining infrastructure, including a 126.5-metre shaft and three levels of underground workings. Past exploration included over 28,000 metres of drilling and bulk sampling that averaged 19 g/t gold. Infrastructure improvements in the region, such as a new high-tension transmission line located 40 km from the site, further support development potential.

Signature Resources remains committed to advancing Lingman Lake through methodical exploration and data-driven development planning, with an eye toward delivering a significant gold resource in the coming year.

Tags: Northern Ontario / Exploration / Gold / All Articles