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Home > News > Signature Resources expands...

Signature Resources expands mineralized halo at Lingman Lake Gold Deposit

Feb 7, 2025


Signature Resources Ltd. has released assay results from the final two drill holes of its 2024 exploration program at the Lingman Lake Gold Deposit in Ontario. The results from DDH LM 24-07 and LM 24-08 confirm a broader near-surface mineralization halo east of the diabase dyke, reinforcing the viability of a potential starter pit.

"I am very excited that these two holes expand the mineralized halo on the property, which is very supportive of a starter pit concept, and have further confirmed the results from the first AI-identified target previously reported. This will continue to build confidence in the potential of the Lingman Lake gold deposit," said J. Dan Denbow, CFA, President, CEO, and Director of Signature Resources.

Drill Program Highlights

  • DDH LM 24-07 intersected 2.43 grams per tonne of gold (g/t Au) over 47 metres (m), including a higher-grade interval of 4.7 g/t Au over 19 m.

  • DDH LM 24-08 confirmed AI-interpolated geological modeling, further validating Signature’s data-driven approach to resource expansion.

  • The mineralized halo has been significantly expanded east of the diabase dyke, demonstrating potential for near-surface gold extraction.

  • The company remains on schedule to deliver an initial NI 43-101 resource estimate for Lingman Lake in spring 2025.

Geological Context and Next Steps

The Lingman Lake Gold Deposit hosts four primary mineralized zones east of the diabase dyke: the 11650 Zone, South Zone, Central Zone, and North Zone. The North and South Zones exhibit the highest continuity along the Quartz-Feldspar-Porphyry (QFP) intrusion contact. Signature geologists continue to assess whether the 11650 Zone represents an independent mineralized structure or a splay of the South Zone.

The 2024 drill program utilized Artificial Intelligence (AI) to enhance target identification, and results from LM 24-07 validate the AI-driven modeling approach. Assays from six additional holes are pending, with further updates expected in the coming weeks.

A surface map detailing the 2024 drill program relative to historical drilling from 1987 to 2021, including interpretations of gold zones and QFP intrusions, is available in Figure 1. Signature Resources will continue to refine geological models based on core observations and assay data.

The company remains focused on advancing the Lingman Lake project toward development, with additional exploration efforts planned for 2025 to build on the success of the 2024 campaign.

By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.



Tags: Northern Ontario / Exploration / Gold / All Articles